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.
It has been little noticed in the mainstream media, but Japanese conservatives and their allies desiring to erase the painful history of the so-called Comfort Women have been taking their campaign of denial to the US White House. They are doing this through the “We the People” online petition section of the White House official webpage.
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.
Okinawa Governor Hirokazu Nakaima’s decision to approve construction of the planned US Marine air base at Henoko has won its fair share of admirers. Much of the international media has portrayed it as a “breakthrough” that resolves a long political “stalemate” that had plagued US-Japan relations for many years.
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.
For almost a year now after his thumping victory in December 2012 we have found ourselves surprised again and again by Shinzo Abe. We have asserted repeatedly that the Abe that we were witnessing was not the “real” Abe, and that the agenda he was pursuing was based on a tactical calculation about what was necessary to maintain public support, but not a reflection of his basic character.
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.