Government Warms to TPP Without United States
The Abe administration is now warming to the notion of moving forward with the Trans-Pacific Partnership (TPP) pact with the eleven nations other than the United States.
The Abe administration is now warming to the notion of moving forward with the Trans-Pacific Partnership (TPP) pact with the eleven nations other than the United States.
Lawmaker argues that wealth should be kept at home, and that building casinos in Japan may be just the ticket to keep it there.
Faced with a complex and increasingly dangerous regional scenario, under growing demands for naval hardware and diplomatic support from countries like Vietnam and the Philippines, in the midst of complex domestic negotiations concerning the evolving interpretation of constitutional provisions on security and defense, and faced with the need for Japan to redefine its international image, Prime Minister Shinzo Abe seems to have decided to emphasize the “rule of law” as a central tenet of Japanese foreign policy.
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.
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.
Following his party’s victory in the House of Councillors election, Shinzo Abe embarked on a trip to Southeast Asia. After Malaysia, the prime minister traveled to Singapore and the Philippines.
The run up to the House of Councillors election in Japan, when opinion polls were already pointing to a victory by the ruling party, saw widespread speculation over a more robust foreign and defense policy by Prime Minister Shinzo Abe. This included the possibility of amending Article 9 of the Constitution. News of the election results only served to prompt renewed speculation. However, Abe’s first overseas trip after the polls — to Malaysia, Singapore, and the Philippines — seemed to confirm that Tokyo would proceed with a gradual and pragmatic “normalization,” rather than embark on radical change.
If all goes well, one of China’s largest and most advanced patrol boats, the Haixun 31, should arrive in Hawaii on September 4 for cooperative exercises with the United States Coast Guard to “strengthen mutual understanding.” This will be the first time a Chinese patrol ship with helicopter-carrying capacity will dock in the United States.