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Trump visits Japan, North Korea resumes missile testing

US President Donald Trump travelled to Japan to meet with Prime Minister Shino Abe for a four day visit which started on Saturday. On the agenda will be the new US-Japan trade deal, the new raising in tension with North Korea.

The US-North Korea deal seems to be back in the improbable category even though Trump has claimed that there is still a chance for a deal. North Korea on the other hand has returned to testing its missile which is a further indication of a no deal situation.

Japan is the US’s closest Asian partner with military, technology and financial ties link the two countries since the Second World War, North Korea’s missile test is very worrisome for Japan due its proximity, while Trump and South Korea have done played the recent aggressions by not calling out Kim Jong-un.

Trump’s visit to Japan also serves as good getaway from Washington as there is a push by certain democrats to have him impeached according to CNN.com. With the trade war with China escalating and no deal with North Korea, Japan could be a good place for Trump to score and easy win in Asia.

By Mokgethi Mtezuka

India-Japan plan to advance 2+2 dialogue

India and Japan have both agreed to move deeper forward with their cooperation and advance their countries relations. This comes after the 10th round of dialogue between the two nations in which the government reaffirmed the importance of their cooperation.

Some of the agreements in the advancement of 2+2 dialogue are the uses of each other’s military bases for logistical support. Both countries have also called for a free and open Indo-Pacific region. Japan is also looking to further ties with countries like Bangladesh, Sri Lanka, and Myanmar.

India and Japan will also further promote bilateral security and defense cooperation, Japan is hoping for the early realization of the 2+2 dialogue between the two countries within this year and dialogues on space and cyber cooperation.

 

Source: timesofindia.indiatimes.com

India and Japan sign a currency swap deal

Japan  Prime Minister, Shinzo Abe and Indian Prime Minister, Narendra Modi met in Japan on Monday in a 2+2 dialogue. The meeting led to the  signing of a new currency swap deal valued at $75bn, aimed at helping foreign exchange in capital markets.

The deal will also advance economic cooperation between the two countries through deepening and diversifying the type of trade they engage in. This is the third currency swap deal between the two countries with the first in 2008 and the second taking place in 2013.

The swap deal opens up flexibility for India to gain access to foreign capital when the need arise, it also supports the Indian rupee and foreign exchange reserves. The deal also allows India to attain dollars from Japan when needed.

The swap deal also means the easing of regulations regarding foreign borrowing and review of regulations on foreign portfolio investments in debt. It will further reduce raised customs duty to curtail imports of non-essential items and allow oil marketing companies to fund standing working capital through long-term external borrowings.

 

Source: economictimes.indiatimes.com

 

 

India, Brazil, Germany, Japan Ministers plan to review UN security council reform

Forty years since the Security Council Agenda was placed on the General Assembly agenda – Ministers from India, Brazil, Germany and Japan are now expressing their concerns with the security reform.

The Ministers of the G-4 countries met on Tuesday at the Indian Mission to the UN. The meeting was hosted by India’s External Affairs Minister, Sushma Swaraj to review the reform progress.

The Ministers said in statement after the meeting that they spoke of “pathways to reform”. In the statement the Ministers said that they have tasked their diplomats to ways to advance the reform.

The four countries of the G-4 advocate for Council reform and mutually support each other for a permanent seat on an expanded Council, says ibtimes.com.

Source: Ib Times

Xi Jinping to attend The Economic Forum in Russia

Russian President Vladimir Putin is expected to hold talks with his Chinese equivalent, Xi Jinping in the upcoming month. The meeting will take place during an Economic Forum in a city east of Russia, Vladivostok. Russia anticipates that this meeting held from 11 – 13 September will be attended by Asian leaders and companies.

According to PLENGLISH, an estimated 6,000 politicians, economists and business people will participate. The talks will be held under theme ‘Far East Expanding the Opportunities’ and will include talks between leaders of Russia, China, Japan, India and the Association of Southeast nations among others.

The meeting is also expected to cover discussions on investors, living conditions in the region and international cooperation projects.

Anton Kobiakov, secretary of the organising committee says that the event is of great significance for the nations taking part and it is expected to strengthen relations between the countries.

 

Source: PLENGLISH