Japan
LONG READ: De-dollarisation gathering momentum, driven by geopolitics and ballooning debt fears
De-dollarisation is gathering momentum, but the process of switching to settling global trade in multiple currencies is going at a glacial pace. The problem is that once glaciers start moving, they are impossible to stop.
Japan’s Koizumi to head to Washington for defence talks amid China spat
Tokyo and Washington have been exploring an accelerated timetable for co-producing the Advanced Medium-Range Air-to-Air Missile, a system central to both countries’ air-defence posture.
Beijing and Tokyo trade barbs after maritime standoff
The islands are, however, Japan held and Tokyo has long rejected China’s territorial claim and a lesser claim by a Taiwanese county in the east of the self-governing island nation.
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Japanese firms record impressive pre-tax profit in July-September quarter
Japanese companies delivered a robust performance in the July–September quarter, recording a near-20% rise in pre-tax profits as expanding investment in artificial intelligence and related infrastructure continued to bolster corporate earnings.
China once more moves to escalate tensions with Japan
China has escalated its diplomatic confrontation with Japan by issuing a further formal complaint to the United Nations over remarks by Prime Minister Sanae Takaichi concerning Taiwan.
Cambodia reaffirms one-China policy support amid Taiwan tensions
Cambodia has restated its support for the One-China Policy, declaring its opposition to any form of “Taiwan independence” as tensions rise between China and Japan.
COMMENT: China’s choreographed fury at Japan is backfiring
Beijing, with every threat pushes Japan further out of China’s orbit and deeper into a security posture Beijing will one day wish it had not provoked.
ADB follows World Bank in revising policy on support for nuclear power financing
The Asian Development Bank has revised its energy policy to allow direct support for nuclear power, signalling a notable shift in how multilateral lenders approach baseload generation in emerging Asian economies.
COMMENT: Xi’s call to Trump smacks of a leader whose bark is worse than his bite
That Japan’s Takaichi – a known fan of Britain’s Iron Lady of the late 70s, 80s, and early 90s, Margaret Thatcher – has refused to bend, break or back down under a barrage of Chinese abuse speaks volumes.
Tokyo signals readiness to act as yen nears 10-month low
Japan’s finance minister, Satsuki Katayama, has signalled that the government is prepared to step into the foreign-exchange market as the yen edges towards its weakest level in nearly ten months.
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Tokyo unveils $136bn stimulus
Japan has approved an economic stimulus package of roughly JPY21.3 trillion ($136bn) in an effort to counter rising living costs and reinforce domestic demand, marking the first major policy initiative under Prime Minister Sanae Takaichi.
Asian utilities locked into coal as long-term contracts slow transition
Asia’s shift towards cleaner energy is being hampered by decades-long coal power agreements that continue to bind utilities to fossil-fuel generation, even at times when cheaper renewable supplies are readily available.
China blocks Japanese film releases in latest anti-Tokyo moves
China has postponed the release of at least two Japanese films as political tensions between Beijing and Tokyo intensify over Prime Minister Sanae Takaichi’s recent comments on Taiwan.
COMMENT: Head-to-head – China vs Japan. Who wins?
With the latest China – Japan spat having been blown up exponentially by Beijing in recent days, many in East Asia are asking what would happen if hostilities break out between Beijing and Tokyo.
Tokyo refuses to kowtow to China’s latest round of anti-Japanese bullying
China has once more escalated a minor diplomatic skirmish with Japan, by urging its citizens to avoid travelling to the country and hauling in Tokyo’s ambassador over Prime Minister Sanae Takaichi’s recent remarks about Taiwan.
COMMENT: Japan and Europe come together in support of Taiwan
Over the past week, two moves in East Asia and Europe clearly signal that the handling of the Taiwan question is entering a new phase - one in which neither Tokyo nor Brussels is prepared to abide by a Beijing-centric diplomatic equilibrium.
Yen-pegged stablecoin issuer anticipates major holdings in Japan’s government-bond market
JPYC emphasises that its stablecoin is fully convertible to the yen and backed by domestic savings deposits and Japanese government bonds.
Japan’s Nintendo predicts sales of 19mn Switch 2 units to March
The Switch 2 marks Nintendo’s most expensive hardware platform to date and represents the company’s principal long-term base for its extensive roster of first-party franchises.
APEC meeting closes in South Korea, WTO dead and buried
This was not a summit. It was a eulogy for the WTO, and APEC just lowered the flag to half-mast.
COMMENT: For Asia, dealing with Europe isn’t about achieving success; it’s about concealing failure
To be taken seriously in Asia, Europe must rediscover the courage to deliver, not merely declare. Asia has moved on to execution. Europe is still editing its initial policy draft.