Japanese Trade Insurance Disrupted by Pandemic, US-China Trade Tensions

A Japanese Ministry of Economy, Trade and Industry advisory panel is focusing on its trade insurance program, which has been affected by global trade tensions and the COVID-19 pandemic, Japan said in an Oct. 12 news release. Japan said that it plans to “analyze the issues that have emerged regarding trade insurance,” such as the pandemic and the “US-China conflict,” according to an unofficial translation. Japan also said that it will take “further measures” through Nippon Export and Investment Insurance, Japan’s state-owned insurance corporation. The advisory panel was scheduled to hold its first meeting Oct. 13.