Japan is completing steps to launch a derivatives market for Liquefied Natural Gas (LNG). While oil has long been traded in both spot and future markets, LNG remains very much the province of long-term fixed-price contracts. Japan is one of the biggest consumers, accounting for some 40% of world imports.
The Mainichi Shinbun has opened the year with a blockbuster exclusive news story that is likely to be underplayed, or even ignored, by most of the rest of the Japanese media. One of the biggest headlines in November 2013 was the public announcement by Beijing that it was establishing an Air Defense Identification Zone (ADIZ) over a large swathe of the East China Sea.
Beijing’s declaration of an Air Defense Identification Zone (ADIZ) covering the Senkaku-Diaoyu Islands and part of the waters between Japan and Taiwan has prompted a strong reaction from Tokyo and, generally speaking, has left nobody in East Asia indifferent.
Recent news from Southeast Asia has been dominated by maritime conflicts, and then trade negotiations in second place. However, nature has once again reminded us all that it is not just conflicts among nations that threaten the life and property of citizens. The reminder has come in the shape of a terrible typhoon, known as Haiyan or Yolanda.
Reporters Without Borders, an organization founded in Montpellier, France, in 1985 for the purpose of preventing attacks on press freedom worldwide, has issued the following statement on the Designated Secrets Bill, just passed by the House of Representatives and now under consideration in the House of Councillors.
More than two years after the Fukushima disaster, the effects of the government’s first efforts to reduce the nation’s dependency on nuclear power are clearly visible to the citizens of Anpachi in Gifu Prefecture, where Sanyo, now Panasonic, constructed its 315-meter-wide Solar Ark consisting of over 5,000 solar panels. Besides generating 530,000 kilowatt hours annually, the site also features a museum and several outdoor exhibitions.
Threats to humankind do not only come from within, and while it may still sound like science fiction to many, the possibility of a sizable asteroid impacting Earth remains a major concern for the space and national security communities. Japanese astronaut Soichi Noguchi recently reminded the public of this fact, and furthermore called for an international effort to detect and deflect incoming celestial bodies. Given the advanced capabilities of the Russian space program, Moscow would be a much welcome partner in such an enterprise.
Japan is taking a major step in its military strategy, conducting a large-scale amphibious drill designed to put on display its ability to conquer an island. This follows Prime Minister Shinzo Abe’s repeated references to the Falklands in his speeches, a polite and indirect, yet unequivocal way, of warning China that an “invasion” of the Senkaku-Diaoyu Islands would be met with an amphibious counterstrike.
As anyone who studies Japanese political history of the 1930s can attest, the rightwing forces in this nation can be a fractious lot. Once the spirit of nationalism rages, any sort of moderate, compromising behavior can be denounced as treason. Shinzo Abe came to power as a spokesman for the hard right, but after ten months of reasonably cautious behavior, a good chunk of this movement is ready to turn against him.
Whenever we go to cover a Japanese political party event, it is usually the case that we are the only non-Japanese in the room. You had to figure that the leadership race of the venerable but now largely insignificant Social Democratic Party (SDP) would be another one of those and, of course, it was. But, really, there were only a couple of dozen Japanese reporters there too.