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TRADE WARS
Japan to 'export' top Tokyo fashion districts
by Staff Writers
Tokyo (AFP) March 26, 2012


Japan plans to open overseas shopping areas named after well-known Tokyo fashion districts including Harajuku and Ginza as part of a cultural promotion push, officials said Monday.

Japan's economy ministry said it will host a "match-making" forum next month between major domestic retailers with outlets in foreign markets and smaller firms that sell everything from clothes and food to manga and anime, the wildly popular comics and cartoons that have attracted a global following.

That move is aimed at the "export of whole fashion streets named after famous districts such as Harajuku," a ministry spokesman told AFP.

In October, more than a dozen Japanese apparel companies opened a mini-commercial hub called Harajuku Street Style in Singapore, amid efforts to kickstart the country's disaster-struck economy.

Harajuku is a trend-setting fashion district especially popular with young people while Ginza is a centre of upmarket fashions and luxury brands.

The ministry has started the Cool Japan programme to expand the overseas market for Japanese pop culture, fashion and games to as much as 11.0 trillion yen ($130 billion) annually by 2020.

Overseas markets being targeted include China, South Korea, India, France and the United States.

"Young people in Asia, the United States and some European nations really admire Japan's design and fashion sense," Yusuke Kawamura, senior counselor at Daiwa Institute of Research, told the daily Yomiuri Shimbun.

"Thus, the idea of exporting shopping areas to other countries is good. Clothes and other goods sold at small boutiques tend to be more popular than products from large brands."

But most smaller businesses do not have the capital or know-how to expand internationally, the ministry said, adding that so-called "creative industry" was key to kickstarting the country's moribund economy.

Japanese companies have been aggressively seeking mergers and acquisitions abroad in recent years, taking advantage of the yen's strength to diversify their operations and make them globally competitive.

Already struggling, the Japanese economy took a fresh beating last year after the country's quake-tsunami disaster and subsequent nuclear crisis.

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TRADE WARS
Japan, Canada to launch free trade talks
Tokyo (AFP) March 25, 2012
Japan and Canada formally agreed Sunday to launch talks on a free trade agreement expected to result in the first such pact between Tokyo and one of the Group of Eight major economies. The agreement was announced by Japanese Prime Minister Yoshihiko Noda and his Canadian counterpart Stephen Harper after a meeting in Tokyo. They also agreed to boost cooperation between their energy indust ... read more


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