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Biden reinforces Japan ties, unveils Asia trade initiative

May 23, 2022 (malaymail.com) - TOKYO, May 23 — President Joe Biden meets with Japanese Prime Minister Fumio Kishida in Tokyo and unveils a multinational trade initiative Monday as part of his push to reinvigorate US strategic power across Asia.

Fresh from a three-day visit to another key US ally, South Korea, Biden will also have talks with Japanese Emperor Naruhito at the Imperial Palace.

US officials describe Japan and South Korea as linchpins in Washington’s pushback against rising Chinese commercial and military power, as well as partners in a Western-led alliance to isolate Russia over its invasion of Ukraine.

On Tuesday, Biden reinforces the theme of American leadership in the Asia-Pacific by joining the prime ministers of Australia, India and Japan for a summit of the Quad group.

This is “a vital opportunity to exchange views and continue to drive practical cooperation in the Indo-Pacific”, the White House said, using the administration’s term for the Asia-Pacific region.

However, Quad member India stands out for refusing to condemn Moscow openly or cut trade with Russia. Biden will also be meeting one-on-one Tuesday with Prime Minister Narendra Modi.

North Korea ignores Biden

Hanging over every step of Biden’s Asia tour is fear that unpredictable North Korea will test a nuclear-capable missile or a bomb.

Speculation that this might even happen while Biden was just across the border in Seoul did not materialise over the weekend. ...continue reading

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A landslide struck a parking area at Mount Fuji's Fujinomiya fifth station in Shizuoka Prefecture shortly after midnight on September 9, sweeping up three parked vehicles but causing no injuries, prefectural authorities said.

Heavy rain intensified across the Tokai and Kanto regions on September 9, with locally developed rain clouds bringing wind-driven downpours to Gifu Prefecture and steady rain to Tokyo, while forecasters warned that another round of strong rain could reach Kanto during the night.

Large volumes of floodwater poured into the Metropolitan Area Outer Underground Discharge Channel in Kasukabe, Saitama Prefecture, following heavy rain on September 7, prompting the massive underground flood-control facility known as the "Underground Temple" to go into operation.

Osaka Metro plans to abolish magnetic tickets and replace them with QR code-based tickets around fiscal 2031, as declining use and the cost of maintaining conventional ticket gates accelerate the shift toward digital fare systems.

Ticket sales for the Asian Games are gathering pace with less than two weeks until the competition begins, with more than 60% of tickets sold for the opening ceremony and 31 sports as of September 7, although organizers say seats remain readily available for events including soccer and baseball.

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Prime Minister Sanae Takaichi’s government faced a sharper market test on September 9 as the yen’s rapid rebound began pressuring global carry trades, turning expectations of a Bank of Japan rate hike into a political challenge for an administration still trying to balance household relief, fiscal discipline and economic security.

Prime Minister Sanae Takaichi entered the final stretch before the Bank of Japan’s September policy meeting facing a new version of the currency problem that has shaped her summer: the yen is no longer collapsing, but its sharp rebound is now forcing her government to explain how far it is prepared to tolerate higher interest rates to restore market confidence.

Prime Minister Sanae Takaichi is accelerating preparations for a Cabinet reshuffle that could take place as early as next week, considering ministerial posts for senior Liberal Democratic Party officials while weighing the treatment of Internal Affairs Minister Yoshimasa Hayashi and a new Cabinet member from the Japan Innovation Party.

Yokohama Mayor Takeharu Yamanaka resigned on September 7 after the city assembly unanimously approved his request to step down over allegations of workplace power harassment, setting the stage for a mayoral election in October.

Tokyo has unveiled the design for a major redevelopment of the plaza outside Shinjuku Station's west exit, with a landmark tree, water-play area and event space planned as part of a transformation centered on "greenery, light and people" that is scheduled for completion in 2035.

Russian President Vladimir Putin said tax incentives on the Russian-held islands claimed by Japan have been successful, using a speech at the Eastern Economic Forum in Vladivostok to highlight economic development in Russia's Far East.

Finance Minister Satsuki Katayama said on September 3 that the economic policy of Prime Minister Sanae Takaichi's government should not be equated with conventional reflationary policy, after returning from the Group of 20 finance ministers and central bank governors meeting in the United States and briefing the prime minister on the talks.

Russian President Vladimir Putin said on September 2 that Japan bears full responsibility for the deterioration in relations between the two countries, defending Moscow's approach following criticism from Tokyo over his first visit to Etorofu Island in August.