The crisis in Ukraine and elsewhere will put foreign policy at the forefront of the 2016 presidential election, Jerry Seib says on the News Hub. Photo: Getty Images.
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Just in case the world did not have enough potential geopolitical flashpoints and near-crises, here comes old faithful – the simmering nationalist rivalry between China and Japan, which may have been pushed to the backburner in light of the grand return of Cold War 2.0, but is neither forgotten nor resolved. In fact, recent developments which have seen Japan fully back the US strategy in Ukraine while China has voiced its support for Russia, will probably only enflame the direct tension between the two Asian superpowers. Moments ago we got the latest manifestation of precisely this when Japan scrambled military jets on Sunday to counter three Chinese military planes that flew near Japanese airspace, defence officials said.
One Y-8 information gathering plane and two H-6 bombers flew over the East China Sea, travelling in international airspace between southern Japanese islands and went to the Pacific Ocean before returning towards China on the same route on Sunday morning, according to a spokesman at the Joint Staff of the Ministry of Defence.
“They flow above public seas, and there was no violation of our airspace,” he said, declining to release more details about the incident.
Japan and China are locked in a bitter territorial row over islands in the East China Sea administered by Japan as the Senkaku Islands, but which China calls the Diaoyu Islands.
Chinese government ships and planes have been seen off the disputed islands numerous times since Japan nationalised them in September 2012, sometimes within the 12 nautical-mile territorial zone.
And then there was the curious case of Libya which threatened on Saturday to bomb a North Korean-flagged tanker if it tried to ship oil from a rebel-controlled port, in a major escalation of a standoff over the country’s petroleum wealth. Because obviously the Mediterranean is far too boring with Greece and Italy now fixed.
Japan issues guidelines on bitcoin taxation
http://feeds.theguardian.com/c/34708/f/663871/s/37ead61d/sc/8/mf.gif
The Japanese government has issued a statement on how to regulate bitcoin, on the same day as 180,000 bitcoins linked to collapsed Tokyo-based exchange Mt Gox are transacted. By Alex Hern
Japan issues guidelines on bitcoin taxation
http://feeds.theguardian.com/c/34708/f/663871/s/37ead61d/sc/8/mf.gif
The Japanese government has issued a statement on how to regulate bitcoin, on the same day as 180,000 bitcoins linked to collapsed Tokyo-based exchange Mt Gox are transacted. By Alex Hern
Japan issues guidelines on bitcoin taxation
http://feeds.theguardian.com/c/34708/f/663871/s/37ead61d/sc/8/mf.gif
The Japanese government has issued a statement on how to regulate bitcoin, on the same day as 180,000 bitcoins linked to collapsed Tokyo-based exchange Mt Gox are transacted. By Alex Hern
Japan issues guidelines on bitcoin taxation
http://feeds.theguardian.com/c/34708/f/663871/s/37ead61d/sc/8/mf.gif
The Japanese government has issued a statement on how to regulate bitcoin, on the same day as 180,000 bitcoins linked to collapsed Tokyo-based exchange Mt Gox are transacted. By Alex Hern
Japan considers bitcoin regulation and taxation
http://feeds.theguardian.com/c/34708/f/663871/s/37d047fa/sc/25/mf.gif
In wake of MtGox closure, Japanese authorities look to regulate cryptocurrency, urging international co-operation. By Alex Hern
Island nation considering arms transfers to its Asian allies
Kit Daniels
Infowars.com
February 18, 2014
Japan is now considering future weapon transfers to other Asian countries as it builds alliances for a potential war with China.
Soldiers of the Japan Ground Self-Defense Force training in Oct. 2008.
Earlier today in Okinawa, Japanese officials met with representatives from the 10 member states of the Association of Southeast Asian Nations to expand technological and defensive cooperation between the countries.
Although Japan and ASEAN discussed joint cooperation in response to natural disasters and anti-terrorism, Japan’s parliamentary vice minister of defense revealed that the true intent of the meeting was to bolster defense against China’s “unilateral attempts to change the status quo by force.”
As part of Japanese Prime Minister Shinzo Abe’s plan to “deepen and enhance cooperation” with ASEAN, a ministry official told Kyodo News that Japan is currently looking to ease its policy on arms exports, a clear indication that the island nation is taking the threat of war with China seriously.
“China appears to be at the forefront of Abe’s defense vision, bolstering the case for Japan to strengthen ties with ASEAN,” the newspaper reported.
ASEAN consists of Indonesia, Malaysia, the Philippines, Singapore, Thailand, Bruei, Burma, Cambodia, Laos and Vietnam.
In December, a former Chinese Ambassador to the United Nations, Sha Zukang, said that the current territorial dispute between China and Japan over the Senkaku Islands could lead to World War III.
“If China started a war with Japan, it would be much larger than both the Sino-Japanese War and World War II,” he said to the China Times.
The dispute flared up in November when the Chinese government announced it would enforce air traffic restrictions inside a self-declared Air Defense Identification Zone which includes most of the East China Sea.
The controversial Chinese ADIZ not only overlaps the ADIZs of Japan and South Korea but also includes the Senkaku Islands, the aforementioned territory in dispute between China and Japan.
Amid these rising tensions, Japan is revising sections of its constitution which limits its military activities.
Additionally, Japan is reportedly ramping up nuclear weapons capabilities as reported earlier by Paul Joseph Watson.
China, on the other hand, plans to build four aircraft carriers in the next several years, including at least one that is nuclear powered.
The Chinese military also recently developed a more advanced ballistic missile which is capable of striking anywhere in the Asia-Pacific region, according to the Want China Times.
The United States is already involved in the territory dispute and a group of defense analysts warned lawmakers in December that the U.S. should also plan for war with China.
“Chinese leaders are ambitious and they are moving toward great power status,” Seth Cropsey, a senior fellow at the D.C.-based Hudson Institute, said according to DoD Buzz. “The U.S. is not taking this possibility as seriously as it should.”
This article was posted: Tuesday, February 18, 2014 at 1:38 pm
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Taste for Chaste: Sexless trend in Japan spurs demographic tragedy
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Read more about Taste for Chaste: Sexless trend in Japan spurs demographic tragedy and other interesting subjects concerning World News Videos at TheDailyNewsReport.com
James Quinn
telegraph.co.uk
February 10, 2014
Lord Turner has warned that the UK has failed to rebalance its economy and is simply repeating the errors made in the run-up to the 2007/8 financial crisis.
The self-styled technocrat, who was chairman of the City regulator until last April, likened the domestic economy over the last five years to Japan in the 1990s.
The former Financial Services Authority chief – who made it on to the shortlist to replace Lord King as Governor of the Bank of England – said that although the economy was now showing obvious signs of growth, there was the potential that it will not be sustained due to the continued build up of credit in the system.
This article was posted: Monday, February 10, 2014 at 2:00 pm
Press TV
February 9, 2014
U.S. Sec. of Defense Hagel said there is no “one simple answer” to the ethical crisis gripping the US military.
The majority of the US military personnel stationed in Japan who were charged with serious sexual violations escaped prison and received light punishments, according to a new report.
US military commanders in Japan increasingly are resolving sexual assault cases through nonjudicial punishment rather than courts-martial, resulting in light punishments, the Associated Press has found.
The AP obtained more than 1,000 documents of sex-crime cases involving US military personnel stationed in Japan, following Freedom of Information Act requests filed with the Army, Navy, Air Force, Marines and the Naval Criminal Investigative Service.
The documents, filed between 2005 and early 2013, show that out of 473 Marines and Navy sailors accused of sex offenses, 179 were given a small punishment, and only 68 went to prison.
The Air Force was the most lenient as 21 sexual offenders were punished with nothing more than a letter of reprimand.
Of more than 620 serious sex-crime allegations against US military personnel in Japan, at least 323 of the alleged victims also were in the military. Civilians were the accusers in 94 cases, but in nearly 200 cases the alleged victim’s status was unclear.
Losing confidence in the US justice system, victims often refused to cooperate with investigators.
On Friday, US Secretary of Defense Chuck Hagel said there is no “one simple answer” to the ethical crisis gripping the US military and vowed to get to the bottom of a trend of embarrassing disclosures.
All service branches of the US military have been dealing with a series of scandals including cases of cheating, alcohol abuse, gambling, drugs use, and sexual misconduct which surfaced over the past months.
This article was posted: Sunday, February 9, 2014 at 12:09 pm
Japan January trade deficit on track to reach record: MOF
http://s1.reutersmedia.net/resources/r/?m=02&d=20140207&t=2&i=836125695&w=580&fh=&fw=&ll=&pl=&r=CBREA160I3V00
TOKYO
A worker stands in a container area at a port in Tokyo January 27, 2014.
Credit: Reuters/Toru Hanai
TOKYO (Reuters) – Japan is on track to post a record trade deficit in January, preliminary data showed on Friday, in a warning sign that consistently weak export demand could weigh on economic growth.
The data also provide further evidence that a weak yen is doing more to push up import costs than it is to boost exports as many Japanese manufacturers have shifted factories overseas.
A record trade deficit would also suggest that overseas demand may not be strong enough to offset the negative impact of a scheduled sales tax increase in April.
“It may be difficult to expect consumption to continue to lead growth as wages will not rise as fast as prices,” said Norio Miyagawa, senior economist at Mizuho Securities Research & Consulting Co.
“If external demand doesn’t pick up, the overall trend for growth would weaken.”
For the first 20 days of January, Japan’s trade deficit was 2 trillion yen ($ 19.6 billion), data from the finance ministry showed on Friday.
That would put it on track to surpass the current record high deficit, which was 1.6 trillion yen in January 2013. The finance ministry will release trade data for all of January on February 20.
Exports rose 11.3 percent in the first 20 days of January, compared with the same period a year ago. Imports, however, jumped an annual 30.2 percent.
The yen has fallen around 23 percent versus the dollar since late 2012 as Prime Minister Shinzo Abe’s government embarked on a bold plan to end 15 years of deflation with expanded quantitative easing from the Bank of Japan.
The yen’s decline has helped consumer prices rise as it pushes up import costs, which is contributing toward reaching the Bank of Japan’s 2 percent inflation target.
Many in the government also expected the yen’s fall to boost exports, but this has largely failed to materialize as Japanese companies are producing more goods outside of the country.
Growing signs of weakness in emerging market countries has also raised concerns that demand for Japanese exports could deteriorate further.
The economy is likely to boom until March as consumers rush to beat the sales tax hike, and many analysts agree with the BOJ’s view that the pain from the higher tax will be temporary.
However, weak exports could mean that the rebound is slower than some economists anticipate. ($ 1 = 101.8600 Japanese yen)
(Editing by Kim Coghill)
This is a rush transcript. Copy may not be in its final form.
AMY GOODMAN: We just got this breaking news out of Hollywood: The Oscar nominees for best documentary have been named. Among them is Dirty Wars. It’s produced by Jeremy Scahill of Democracy Now!, Rick Rowley, the director, and co-written with David Riker, the remarkable film about U.S. secret wars in Somalia, as well as in Yemen, in Afghanistan, as well. It’s among the five named, also Act of Killing by Josh Oppenheimer; Cutie and the Boxer; The Square, about the Egyptian uprising; and 20 Feet from Stardom. Those are the five nominees for the Oscar. You can go to our website to see interviews with some of the directors of some of these films at democracynow.org.
Well, we are broadcasting from Tokyo. Japan has been a hotbed of protest against the Trans-Pacific Partnership, which would establish a free trade zone stretching from the United States to Chile to Japan, and encompass nearly 40 percent of the global economy. Now, new documents released by WikiLeaks show the White House may be ready to backtrack on a series of critical regulations in order to secure a deal on the trade pact. These include legally binding requirements for pollution limits, logging standards, and a ban on harvesting of shark fins. The draft version of the “environmental chapter” also reveals that the U.S. and 11 other Pacific Rim nations that are party to the TPP would rely on trade sanctions instead of fines if a country violates its obligations. The Sierra Club responded to the latest news, saying if the draft report were to be finalized, quote, “President Obama’s environmental trade record would be worse than George W. Bush’s.”
Well, all of this comes as hearings begin today in the U.S. Congress on legislation to establish Fast Track authority that would allow President Obama to sign the TPP before Congress votes on it.
For more, we’re joined here in our Tokyo studio by Nobuhiko Suto, a former member of the Japanese Diet. He was on the Committee on Foreign Affairs in Japan’s House of Representatives, where he was among the first legislators to point out the dangers of the TPP. He’s the secretary-general of the group Citizen’s Congress for Opposing the Transpacific Partnership.
Welcome to Democracy Now! It’s very good to have you with us.
NOBUHIKO SUTO: I’m very honored to be here.
AMY GOODMAN: Why are you so concerned about the TPP?
NOBUHIKO SUTO: Well, at the initial impression of the TPP, as a concept, it was—I think it was OK. You know, that sounds quite good. Since I was an economist by education, and I was a professor of a university, teaching international political economy, before joining politics, so my first impression was TPP is the enlargement of a free trade system—it is good.
But just before the opening of APEC meeting, which was held in Yokohama three years ago, there came our Indonesian delegation, composed of the minister of commerce and some others. And they asked me, knowing that I am a friend of the prime minister, to ask prime minister not to say joining to TPP negotiations. So I was very surprised and shocked. “Why? Why you say so?” They responded that Indonesia is a country of scattered islands, so they are composed of different ethnicities, the races, and so on and so forth, so this is a very sensitive issue. And they have a, you know, different strategy, different policies to each ethnicities. So, that will be undermined by participating into TPP, so that’s the reason why Indonesia will not participate into TPP. And I was very surprised, and started studying about the risk of TPP.
But simultaneously, there’s so many of my friends in South Korea, Korean politicians, also pointing out the, you know, problems of a free trade agreement with the United States. And because of the FTAA, you know, the Korean industries and Korean farming industries are all devastated. And when I visited the United States for discussing about the TPP issue, almost all representatives of USTR—Mr. Marantis and [inaudible], everyone—everyone said, “Please study about U.S.-Korea free trade agreement, and the TPP will be more—you know, higher standard to be charged to participating countries.” So, I really understood the difficulties of the TPP.
AMY GOODMAN: How, specifically, will TPP affect Japan?
NOBUHIKO SUTO: Well, at the initial stage, the widespread, you know, understanding of TPP is that, you know, if Japan take off any tax and duties on rice, and the Japanese rice is about seven times higher than international rice, so that, as a result, Japanese farming industries, farmers and especially rice croppers, they will be devastated. So, the government, you know, adverts that this TPP is an issue between the agriculture industry and export industry.
AMY GOODMAN: Nobuhiko Suto, we have Lori Wallach on the phone right now. She is in the U.S. Congress.
NOBUHIKO SUTO: Yes, sure.
AMY GOODMAN: And there is a hearing taking place right now. Lori, thank you so much for joining us. Lori Wallach is director of Public Citizen’s Global Trade Watch. In these last few minutes, can you talk about what’s happening today in Congress and why you’re so concerned about the Trans-Pacific Partnership that would extend from, well, where we are now, in Tokyo, Japan, all the way through to Chile?
LORI WALLACH: Well, the agreement is having some, I would say, interesting times in the Senate today, because there’s a hearing, the first hearing on Fast Track. Fast Track is the authority that President Obama is seeking to railroad the TPP through Congress. TPP has so many potentially damaging elements that would be bad for the U.S., as well, for most people here, that the president has decided he needs this dreadfully extreme, Nixon-era process that basically takes away all of Congress’s normal prerogatives concerning legislation, and railroads a trade agreement through. It’s rarely been used, but, for instance, it was used to push NAFTA through, over public and congressional objections. So, the first hearing on Fast Track, a bill got submitted last week to implement Fast Track again. It’s not been in effect, but for five years in the last 20, and now Obama is trying to get it back to be able to get TPP enacted. And that hearing is in the Senate Finance Committee.
AMY GOODMAN: And the significance, Lori Wallach, of the WikiLeaks release of the draft document?
LORI WALLACH: Explosive. That’s going to be a big part of this hearing, I suspect. So, what happened is, WikiLeaks has now made public the environmental chapter of TPP. It’s been a very secretive process. So when these chapters come out, it basically allows everyone for the first time to really see what’s being done.
And the enormous news, front page of The New York Times, is that the Obama administration, where they are, if this agreement is finalized the way it is now, it would roll back even what the Bush administration had done in its trade agreements on environmental standards. And specifically, all the other TPP countries are insisting that the environmental standards not be enforceable at the same level as, say, the commercial standards. And the chapter also falls direly short on a whole bunch of conservation measures, very important ones, having to do with timber and fisheries. So, the really startling development yesterday was not only Sierra Club, who has been leading the fight against—for the environmental groups against TPP and Fast Track, but they were joined by the environmental groups that supported NAFTA—so, World Wildlife Fund, NRDC. The environmental movement is basically unified, saying, “For God’s sakes, the Democratic president can’t roll back what the Republican president had on environment in trade agreements.”
AMY GOODMAN: Lori Wallach and Nobuhiko Suto, we’re going to have to leave it there, but I thank you both very much for being with us. Of course, we’ll continue to follow the Trans-Pacific Partnership. And that does it for our broadcast. We are here in Tokyo, Japan, and I hope people come out to a public lecture Saturday, January 18th. I’ll be speaking in Tokyo at Sophia University at 10:00 a.m. at the International Conference Room, No. 2 Building. Then on Sunday, I’ll be in Kyoto at 7:00 p.m. And on Monday, at the Foreign Correspondents Club of Japan for a noon talk. Special thanks to the NHK international crew. Go to our website at democracynow.org.
China’s parliament has declared that Japan has no right to criticize the establishment of a Chinese air defense zone which it said was in accordance with international law, state media reported on Saturday. Japan, South Korea and their ally the United States have all protested at China’s decision last month to declare an air defense identification zone in an area that includes islands at the heart of a territorial dispute between Beijing and Tokyo.
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U.S. officials have advised commercial airliners to comply with China’s restrictions regarding its newly declared airspace in the East China Sea.
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