Gemba, Clinton warn N. Korea / Japan,U.S. agree on resolute response if Pyongyang carries out N-test“Foreign Minister Koichiro Gemba andU.S. Secretary of State Hillary Clinton onMonday agreed on the need for aresolute response if North Koreaconducts a nuclear test. In a meetingheld in Chicago, the two ministers alsoconﬁrmed that Japan and the UnitedStates would call on China to helpaddress the problem. Clinton said it wasunderstandable for Japan to feelthreatened by Pyongyang's provocativeacts and the United States wouldcontinue to fulﬁll its responsibility todefend Japan. The ministers alsopledged that their two countries wouldcooperate further to support Afghanistan's reconstruction. (…) Afghancooperation sought. Japan is looking forcooperation from the internationalcommunity for the success of aconference in July on Afghanistan'sdevelopment, Foreign Minister KoichiroGemba said at a meeting of the North Atlantic Treaty Organization. By co-hosting the international conference,Japan wants to "pave the way forsustainable growth of Afghanistan" afterNATO completes its plan to transfersecurity responsibilities to the Afghangovernment at the end of 2014, Gembasaid Monday.”(Yomiuri)Japan-funded clinics open in Chinaahead of massive quake's anniversary“Two Japan-sponsored clinics haveopened in a town in China's SichuanProvince ahead of the fourth anniversaryon Saturday of the Sichuan earthquakethat left about 87,000 people dead ormissing. The Japanese Red CrossSociety provided about 6 million yen forthe launch of the clinics from donations itcollected across Japan in the wake of themassive earthquake. The town wasrelocated to the Beichuan Qiang Autonomous County of the province afterit was destroyed by the earthquake. (…) A Japanese emergency relief missionarrived in the Beichuan county just afterthe quake for rescue work. ‘The clinicswill inherit the friendship that the relief team developed with the [people of]Beichuan county,’ said Kazutaka Isaka,who led the Japanese Red Cross crew.”(Yomiuri)Uyghur Congress wraps up in Tokyo“The World Uyghur Congress concludedits fourth triennial general meeting in Tokyo after reelecting Uygur activistRebiya Kadeer as its president. TheChinese government regards the WUCas an anti-China separatist group andhas expressed strong displeasure withJapan for allowing the gathering to beheld in Tokyo. The meeting was the ﬁrstin Asia for the organization, which isheadquartered in Munich.”(Yomiuri)G8's return to its roots a smokescreen,but group remains relevant“(…) With the global economic sandsshifting signiﬁcantly over the pastdecades, the relevance of the G8 is onceagain being questioned. However, as thecore nations of the G20, the G8 will retainits importance. The group's value isespecially high to its only Asian member,Japan, which uses the summits as aforum to boost awareness of the NorthKorean nuclear problem and other Asiansecurity concerns. The Rambouilletsummit should be remembered as aseminal moment for postwar Japan, as itsignaled its formal admittance into thecompany of the world's mosteconomically powerful nations.Unfortunately, there is now little sense of exaltation at Japan's membership left.Japanese society has turned inward, andits politicians have weakened. Shouldn'ta country that has such weightyinternational responsibilities live asinternationally as possible? Of all the G8nations, perhaps the one in greatestneed of a return to the roots of Rambouillet is Japan.”(Editorial - Mainichi Daily News)Japanese Gov't panel eyes 4 energy mixscenarios for 2030 with focus on future of nuclear power“A Ministry of Economy, Trade andIndustry (METI) panel is in ﬁnal stages of discussions to compile and present fourpossible energy mix scenarios for 2030,ranging from zero reliance on nuclearpower to no numerical targets for thecountry's dependence on atomic energy.(...) Therefore, the panel is set to presentfour possible energy mix scenarios: 1) theratio of nuclear power in relation to thenation's total power generation in 2030should be reduced to zero at an earlydate from 26 percent in ﬁscal 2010; 2)the ratio should gradually be reduced to15 percent; 3) the ratio should remain atcertain levels between 20 and 25percent; and 4) no numerical targetsshould be set. The panel is to compile aset of ﬁnal proposals and present it to thegovernment's Energy and EnvironmentCouncil by the end of May so that itwould be reﬂected in the country's basicenergy plan due to be drafted before theupcoming summer. ”(Mainichi Daily News)Japan military visit canceled for 'work'reasons“China's Ministry of National Defense on Tuesday conﬁrmed that Guo Boxiong,vice-chairman of the Central MilitaryCommission can hardly make the trip toJapan because of a ‘work commitment’. The Information Ofﬁce of the NationalDefense Ministry replied to China Daily inwritten form, saying that China attachesgreat importance to its friendship andcooperation with Japan, and the Chinesegovernment had previously discussedGuo's visit with Japan. The senior militaryofﬁcial's trip was originally planned tostart on Thursday and would haveincluded a meeting with Japan's PrimeMinister Yoshihiko Noda as well as a visitto the base of Japan's Self-defenseForces. Citing diplomatic sources,Japan's Kyodo News agency onSaturday said Guo's visit was postponedin protest due to the Diaoyu Islands issueand a scheduled meeting of the WorldUyghur Youth Congress, which Chinasees as a separatist group, in Japan.”(China Daily)Japan Downgrade Does Not Derail Stock Market From Chugging Higher“(…) Fitch downgraded Japan, theworld’s third largest economy. However,futures were able to shrug off thedowngrade and resume their climb. Gold,tracked by the GLD, and the Japaneseyen fell as a result of cut to A+ from AA with a negative outlook, meaning furthercuts are possible if the country does notget more aggressive in its plan to cutﬁscal deﬁcits. Despite the downgrade,Japanese stocks in the iShares Japan(EWJ) were moving higher on Tuesday.”(Forbes)Japanese Economic Policy: Aiming forLeast Ugly“From inside Japan, economicpolicymaking looks like a mess. Six primeministers in six years. A ruling party thatcan barely rule.
Outstanding governmentdebt worth more than twice the country’seconomy. (…) And yet, put Japan in aglobal context and, things maybe look kinda rosy. Washington is paralyzed bypartisan division, heading toward atrainwreck of automatic tax hikes andspending cuts. Europe is, well, Europe. As a result, global investors really are so
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