In our weekly news round-up we give you the run-down on what is happening in Japan. Click the links for more expansive articles.
Japan-China Relations Increasingly Strained by Territorial Claims
Claims on the uninhabited Senkaku (or Daioyu) islands have resulted in exacerbated tensions between the East Asian neighbors. Last week, the Japanese government purchased the islands from Japaneses citizens they recognized as the rightful owners. Chinese responses included protesting outside the Japanese embassy in Beijing and boycotting Japanese-owned businesses, sometimes resulting in violence. The forceful demonstrations have led the the temporary suspension of operations in three Panasonic plants in China and the economic impact grows by the day. US Secretary of Defense, Leon Panetta has traveled to Beijing for trilateral talks to dispel the hostility, affirming that the US will not intervene in Japanese territorial disputes, but will honor its obligations to defend Japan.
Voice of America
The Costs of Zero Nuclear
An editorial in the Washington Post highlights the challenges posed by shuttering Japanese nuclear plants. With some discussion of the economic dimensions, the piece focuses on the environmental challenges that a return to fossil fuels will bring. While current government outlooks suggest that carbon emmissions can be cut by 25% of 1990 levels by 2030 even without nuclear, a more securely run nuclear program could raise the reduction to close to 40% over the same time-frame.
Investments in Philippines Growing
With 16.51 billion yen in new investments this year thusfar, big Japanese manufacturers see the young, English-speaking labor market of the Philippines as a safer investment than the one at home. Bandai, Fujifilm, and Canon are among the corporations who are opening or expanding their presence in the Philippines.
Philippine Daily Inquirer