Japan today banned all exports to North Korea to punish the isolated communist state for its latest nuclear and missile tests.
"The cabinet has approved the total ban on exports to North Korea," said the trade ministry official Masaru Yamazumi. "The ban will be effective until April 13 next year. We have expanded the ban to cover all goods."
The cabinet of prime minister Taro Aso earlier agreed on the new sanctions, an official said, without specifying what those sanctions were.
Tokyo's latest move comes amid worries Pyongyang may conduct another nuclear test after the UN Security Council voted on Friday over tougher sanctions in response to the regime's May 25 nuclear test and missile firings.
Japan first imposed formal bilateral sanctions on Pyongyang in 2006, after North Korea staged its first atomic test.
Tokyo has since stopped all imports from North Korea and visits by its citizens, except in special cases, and banned port calls by its ships.
To target regime leaders, Japan has also banned exports of 24 luxury products ? including caviar, fatty tuna and high-end consumer electronics.
Japan's exports to the North totalled 792.6 million yen (Dh30.1m) in 2008, mainly machinery and transport equipment, such as trains and vehicles, food, electronics and industrial goods, the finance ministry says.
Last month Japan also tightened a watch on money flows to North Korea, requiring that all remittances over 10 million yen (Dh381,000) be reported, lowering the limit to a third of the previous threshold.
* AFP
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Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
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US households add $601bn of debt in 2019
American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.
Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.
Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.
In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.
The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.
"Younger borrowers, who are disproportionately likely to have credit cards and student loans as their primary form of debt, struggle more than others with on-time repayment," New York Fed researchers said.
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Results
UAE beat Nigeria by five wickets
Hong Kong beat Canada by 32 runs
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10am, Tolerance Oval, Abu Dhabi – Ireland v Jersey
7.30pm, Zayed Cricket Stadium, Abu Dhabi – Canada v Oman