On paper, things should be looking up for Japan’s pharmaceutical wholesalers. Industry expectations are mounting that the average gap between NHI and market prices will narrow further in FY2026 from the previous year’s record low of 4.8%.A shrinking gap should…
Out With The OldP. Reed MaurerOver the New Year holiday (Shogatsu) and into January I was preoccupied with an exercise not performed since coming to Japan in 1970. It started in Honolulu after my lawyer and accountant initiated the legal…
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COLUMN
- New York Note - 2: The Tariff Roller Coaster
November 5, 2026
- Japan’s Healthcare Pulse: An 18-Month Market Snapshot
October 30, 2026
- New York Note - 1: JETRO’s Role in Connecting Japan with the World
October 23, 2026
- Outside the Bubble: Lunch with Pharma Delegates
September 30, 2026
- The One Mistake on Your Resume
August 31, 2026
Tariffs have been a defining feature of US trade policy under President Donald Trump’s second administration. Since Trump unveiled his “reciprocal” tariff policy in April 2025, the landscape has shifted repeatedly.In February 2026, the US Supreme Court invalidated tariffs imposed…





