Trade between Japan and Canada has stagnated for over a decade. Exports from Canada to Japan grew only four per cent from 2006 to 2015, while Canada's imports from Japan have declined. There is good news -- foreign investment from both sides show an upwards trend -- but business will need help to capitalize on this opportunity.
Prime Minister Justin Trudeau is in Tokyo this week for a bilateral visit with Japanese Prime Minister Shinzo Abe, as well a G7 leaders summit in nearby Ise-Shima. While increasing trade is a major focus of the Prime Minister's visit (Japan is Canada's fifth largest trading partner), Canadians should cross their fingers that Trudeau doesn't ask his Japanese counterpart for advice on fiscal policy and the virtues of massive infrastructure spending.
Thirty years on from the world's worst nuclear accident, millions of people are still living with radioactive fallout from Chernobyl. In contaminated areas, radiation touches every aspect of people's lives: it's in the food they eat, the milk they drink, and in the schools, parks and playgrounds their children play in. The human toll of reactor accidents is why nuclear power may never gain widespread acceptance, no matter how much the industry tries to reassure us that risks are low.
"Comfort Women" refer to women from Asian countries where Japan exercised colonial rule -- predominantly Korea -- who were kidnapped and forced into sexual slavery for the Japanese soldiers. Many women did not report the crimes committed against them, but lived in silence due to shame. But a new settlement between the Japanese and South Korean governments is problematic in many ways.
Education is quite possibly the most important aspect of a country's potential for progress, and, more simply, developing child's mind. There is certainly no one right way to educate and there are, unsurprisingly, about as many different educational systems in the world as there are countries, with most of them believing that their way is the correct one.
While the FIFA tournament was a national event, with six Canadian cities hosting games, Vancouver has been the big winner -- especially because the Americans made the final. While tickets for the championship match were sold out long ago, the influx of visitors from south of the border spiked spending this weekend.
It's safe to say this year's winter definitely had us looking forward to spring! We may have theoretically passed that long-awaited first day of spring, but in Canada, Mother Nature doesn't seem to be ready to give up with grace. To beat back our late winter blues, we rounded up top Canadian Instagrammers who've been capturing the beauty of Canada and the rest of the world, whatever the season.
Japan's net financial liabilities used to take it off the hook. However, they too have soared, and now stand well above Greece's, at 140 per cent, and rising. Many will argue that although these ratios seem impossibly high, the debt is mostly domestically owned, and thus not vulnerable to jittery foreign financial markets, currency fluctuations and the like.
Falling oil prices is expected to affect the Canadian economy. The low prices may have different effects on the Canadian economy and in various geographical locations of the country. The oil sands in Alberta require high oil prices for the extraction of oil to be feasible. A fall in oil prices may make the production of oil in Alberta economically unfeasible.
It is widely acknowledged that Japan needs more females in business to make up for a shrinking workforce and to boost economic growth and opportunity. With this admirable goal in mind, we must work to make Japan a nation where every individual, male and female, has equal opportunities to realize their full social, economic and political potential. As a Japanese youth, I am not afraid to break from traditional practices and defy what is expected of me. I am ready to pursue my own dream to become a fearsome business leader and 2014 G(irls)20 Delegate representing Japan.
In an unprecedented move, the Fed undertook an extraordinary experiment in monetary policy. Unable to further target an interest rate, already at zero, the Fed began announcing a quantity of cash that it would inject into the financial system by purchasing large numbers of government bonds and other highly-rated securities, and replacing them with cash.
A personal introduction in advance will make your visit all the more enjoyable. Both Japanese and Chinese cultures view it as a sign of respect to extend themselves on behalf of a mutual friend, and you may find that they go to significant personal inconvenience and expense to make you feel welcome.