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U. S. Launches Formal WTO Complaint Over Chinese Aluminum

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NewsHubThe Obama administration launched a formal complaint Thursday against the Chinese government with the World Trade Organization over subsidies it says Beijing provides to the country’s vast aluminum industry.
The complaint represents an escalation of trade disputes between countries with the world’s two largest economies almost a week before Donald Trump assumes the U. S. presidency. Mr. Trump suggested again Wednesday in a news…

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Over 70pc of Japan’s biggest coral reef dead from bleaching – report

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NewsHubOver two-thirds of Japan’s biggest coral reef has died, according to a survey released Tuesday by the Japanese environment ministry.
The survey was conducted at 35 points along the Sekiseishoko coral reef, an area set between the remote Ishigaki and Iriomote islands, about 1,200 miles (1,900km) southwest of Tokyo.
SEE ALSO:  Can the Coral Triangle be saved from overfishing, pollution and climate change?
A Japan Times report on the survey quoted a ministry official as saying that a phenomenon called bleaching was responsible for the drastic reduction in coral, likely as a result of warming sea temperatures due to climate change.
Bleaching occurs when unusually warm water causes coral to expel the algae living in their tissues, causing the coral to turn completely white. Unless water temperatures quickly return to normal, the coral eventually dies from lack of nutrition.
2016 saw a worsening of bleaching on the reef due to ocean temperatures occurring that were one to 2ºC higher than normal between the months of June and September. Some even reached the unusually high temperature of 30ºC, the local daily reported.
According to the survey, more than 91 percent of the reef’s coral is at least partly bleached.
SEE ALSO:  New study says Great Barrier Reef could be dead by end of century
This comes after scientists confirmed the largest die-off of corals ever recorded on Australia’s Great Barrier Reef last year with the worst affected area, a 700km swath of reefs in the northern region of the Great Barrier Reef, losing an average of 67 percent of its shallow-water corals over an eight month period.
As global temperatures continue to rise as a result of manmade climate change, The Reef Studies Centre warns that similar events will be the new normal, occurring every two years by the mid-2030s.

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Just the facts; Japan seeks way out of Trump's bad books on trade

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NewsHubTOKYO: Armed with fact sheets on jobs created and investments made in America, Japan aims to give Donald Trump a crash course on its contribution to the U. S. economy in hopes of persuading him that Tokyo is different from Trump’s favourite trade target, China.
Tokyo wants Trump, who will become president next week, to see the merits of global trade, rethink his threats to impose a “border tax” on imports, and to stick to international trade deals on which Japan Inc bases its investment strategies.
And while Japan’s economy still relies heavily on exports for growth, its officials also want to alter any lingering image Trump may have formed based on trade wars fought with the United States decades ago.
“Japan is preparing so that soon after the change in administration, we can … explain our points in a format persuasive to the American side,” Masahiko Shibayama, an advisor to Prime Minister Shinzo Abe, told Reuters.
“Japan is a country that lives by diplomacy and trade. “
To make their case with hard numbers, Japan’s government has prepared a briefing paper its officials are using in talks with U. S. counterparts. The document, seen by Reuters, has not been released, and sources would not say if it had been shown to Trump or senior members of his team.
– 839,000 jobs created by Japanese companies jobs in the United States, second only to Britain and above the 38,000 employed by Chinese businesses.
– Japan’s shrinking share of the U. S. trade deficit to 9 percent from more than half in the early 1990s versus China’s opposite trend.
Trump last week added Toyota Motor Corp to the list of multinational corporations he’s threatened with a “big border tax” if they expand factories abroad to export into the United States.
Trump repeated that threat on Wednesday in his first news conference since winning the Nov. 8 election.
He also lumped Japan with China and Mexico as big contributors to America’s trade deficit – a perception that Japanese officials are desperate to correct.
“We need to start pointing out very clearly the difference with China,” a senior Japanese diplomat with trade negotiating experience told Reuters.
Officials in Tokyo also stressed that what Trump says before taking office next Friday and what he does after that may be different.
They also hope some members of his economic team, such as his choice for commerce secretary, billionaire investor Wilbur Ross, who has done business in Japan, will temper his harsher views on trade.
Tokyo is keen to erase any lingering legacy of U. S.-Japan trade wars fought in autos, steel and semiconductors in the 1980s and early 1990s.
Trump’s pick for U. S. trade representative, Robert Lighthizer, was deputy U. S. trade representative under Ronald Reagan and took part in some of those trade disputes.
Japanese companies, like other multinationals, are also getting into the public relations act.
Toyota’s North America Chief Executive Jim Lentz said on Monday that Toyota would invest US$10 billion in the United States over the next five years, but said the decision was not a response to Trump’s criticism of the automaker’s plans to shift some production to Mexico from Canada.
Japanese officials hope lobbying members of U. S. Congress and other politicians in regions where Japanese firms employ large numbers of Americans will help temper Trump’s policies.
On Tuesday, Toyota President Akio Toyoda met U. S. Vice President-elect Mike Pence, the former governor of Indiana, a state where – according to the fact sheet – Japanese firms employed 47,400 people as of 2014.
Still, some fear the Trump administration will have to learn the hard way by seeing the damage done to the U. S. economy from disruptions to a global supply chain.
“It may take time for them to learn the lesson and it may have to be learned the hard way,” the senior diplomat said.

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Duterte, Abe vow peaceful resolution of South China Sea dispute

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NewsHubPresident Rodrigo Duterte and Japanese Prime Minister Shinzo Abe affirmed to pursue a peaceful resolution over the longstanding maritime dispute over the South China Sea.
“The issue of the South China Sea is linked directly to regional peace and stability and is of concern to the entire international community,” Abe said during his joint statement with Duterte in Malacañang on Wednesday.
Abe lauded Duterte’s efforts to improve the Philippines’ strained relations with China due to our maritime dispute.
“I welcome the fact that President Duterte is making efforts to improve China-Philippine relations in light of the arbitral award,” he said.
In July 2016, the Philippines won a historic decision by the international arbitral tribunal on the maritime dispute case against China.
Duterte has said he would set aside for now the ruling and would talk to China for a peaceful resolution of the dispute.
Abe said mentioned the significance of the rule of law but also cited peaceful resolution of the dispute.
“The significance of the rule of law, peaceful resolution of disputes and non-militarization has been confirmed at the Association of Southeast Asian Nations (Asean)-related meeting last year. Keeping in mind this year’s Asean affiliated meetings, we affirmed the importance of these,” he said.
The Prime Minister vowed that Japan would support the Philippines in its maritime capability.
“Both countries being maritime nations, Japan will enhance support for capacity building in the field of maritime security,” he said.
“We also had a frank exchange of views on the regional landscape and agreed to elevate cooperative relations to a higher level to adress not only bilateral issues but also to work for the resolution of regional challenges,” he added.
Abe arrived in the Philippines on Thursday noon for a two-day official visit. He thanked Duterte for the “heartwarming invitation” to the country. RAM

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Duterte eyes ‘greater heights’ for Philippines-Japan relations

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NewsHubMANILA — The first visit of a head of state during his term was a “welcome and much awaited reunion,” President Duterte said as he feted Japanese Prime Minister Shinzo Abe in Malacañang, barely three months after his own state visit to Tokyo.
At the state banquet for the Prime Minister on Thursday (Jan. 12), Mr. Duterte underscored the close relations between the Philippines and Japan, and said his discussions with Abe moved their countries closer to their common goals of ensuring a stable and more secure environment for their nations and their people to grow.
“Prime Minister Abe’s presence in Manila today is proof positive that Japan and the Philippines are fully committed to bring this long standing friendship and tried and tested partnership to even greater heights,” Mr. Duterte said.
They resolved to strengthen maritime and security cooperation, advance the cause of peace and development in Mindanao, intensify economic and trade cooperation, and address the illegal drugs scourge in a comprehensive manner, he noted.
The Philippines and Japan are friends that treat each other with mutual respect and trust, and share a common resolve to uphold democracy, adhere to the rule of law and the peaceful settlement of disputes, he said.
Mr. Duterte’s partner Honeylet Avancena joined the state banquet, along with Abe’s wife Akie.
Several prominent businessmen were also spotted at the affair, including Manny Pangilinan, Manny Villar, Ramon Ang, and Jaime Zobel de Ayala. SFM
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Abe arrives in Davao City

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NewsHubDAVAO CITY – Japanese Prime Minister Shinzo Abe arrived here Thursday  night for a visit.
Abe and his party arrived on board the Japanese Air force One at the Davao City International Airport around 9:45 p.m.. They were welcomed by local officials.
From the airport, Abe and his party, which included his wife, Akie, proceeded to the Marco Polo Hotel where they would spend the night.
On Friday morning, Abe would meet with President Rodrigo Duterte at the latter’s house in Doña Luisa Subdivision where they would also have breakfast, sources said.
The Japanese prime minister was expected to later meet businessmen here, visit a Japanese-language college and participate in a few more activities before flying out on Friday noon. SFM

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McDonald’s Looks to Sell Part of Stake in Japan Business

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NewsHubMcDonald’s Corp. is inviting bids for a significant stake in its Japan unit, according to people familiar with the situation, days after it reached a deal to sell its China and Hong Kong franchises.
The Oak Brook, Ill.-based fast-food giant owns through subsidiaries just under 50% of the unit, which is listed on the Tokyo Stock Exchange and has a market capitalization of around $3.5 billion. McDonald’s is looking to sell up to 33% of the unit, with bids due next week, the people said. A number of private-equity firms are…

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Ex-U. N. chief back in South Korea, hints at presidential bid

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NewsHubSEOUL – Former U. N. Secretary-General Ban Ki-moon said Thursday he’ll soon announce whether to run for South Korea’s top job as he returned home and strongly hinted at his political ambitions before hundreds of cheering supporters.
Ban’s return will likely heat up local politics as he’s considered as the only major conservative contender in a possible early election to replace impeached President Park Geun-hye. Dozens of lawmakers already bolted from Park’s conservative ruling party and want to align with Ban, while the main liberal opposition party is escalating a political offensive against him.
“Many people have asked me whether I have a will for power. If ‘will for power’ means uniting a divided country into one and making it a first-class country again, then I have already said I am ready to burn my body in devotion to this and my mind hasn’t changed,” Ban told a televised conference upon his arrival at Incheon International Airport near Seoul.
As his supporters shouted his name, Ban, a former South Korean foreign minister, said he’ll get diverse opinions about his return to South Korean politics. “Based on my talks will people, I will make a decision that will be free from selfish motives. That decision won’t take long,” he said.
Opinion polls show Ban is one of the favorites to succeed Park, who is now on trial at the Constitutional Court that will determine whether to formally end her rule and hold a new election. The opposition-controlled parliament impeached her last month over her alleged roles in an explosive corruption scandal. South Korea is originally scheduled to hold a presidential election in December.
Ban, who ended his 10-year service as U. N. chief last month, is a soft-spoken career diplomat known for a gentle image and an ability to avoid making enemies. But he also faced criticism that he lacks charisma and experience in domestic politics.
Many South Koreans have taken great pride in him because they think Ban’s top U. N. job represents their country’s rise in the international arena from the rubbles of the 1950-53 Korean War. But critics say Ban would not have assumed the U. N. post without the help from the government of late President Roh Moo-hyun, which reportedly made massive efforts to make him the first South Korean U. N. chief.
Ban denied an allegation in the media that he took bribes from a businessman who was at the center of a corruption scandal that led to Roh’s suicide in 2009. Two of Ban’s relatives were charged in the U. S. with plotting to bribe a Middle East official to influence the $800 million sale of a building complex in Vietnam, an indictment unsealed Tuesday showed.
Ban’s main potential rival is Moon Jae-in, a former leader of the largest opposition Democratic Party who lost the 2012 election to Park.
A survey released this week by Realmeter showed Moon had a 27.9 percent approval rating compared to Ban’s 20.3 percent. The survey of 1,511 respondents had a margin of error of 2.5 points.

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North Korean cargo ship sinks off Japan, all crew rescued

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NewsHubTOKYO: A North Korean cargo vessel carrying rice sank off the west coast of Japan’s westernmost major island of Kyushu on Thursday after springing a leak, but all 26 crew members were rescued without sustaining injuries, Japan’s coastguard said.
It has not been decided how to send the crew, all of them North Koreans, to their home country, a coastguard official said, adding that they were in good condition.
Japan’s ties with North Korea have long been strained due to the abduction of Japanese citizens by North Korean agents decades ago and Pyongyang’s missile and nuclear programmes.
The Japanese coastguard is treating the incident as a straightforward shipwreck case and there were no signs of abnormalities, the official said.
The cargo ship was carrying 5,720 tonnes of rice from North Korea’s west coast city of Nampo to Wonsan on the east coast, the Japanese coastguard said.

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「少女像撤去すべきだ」=韓国民団の呉団長-東京:時事ドットコム

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NewsHub在日本大韓民国民団(民団)の呉公太団長は12日、東京都内で行われた新年会のあいさつで、韓国・釜山の日本総領事館前に設置された慰安婦問題を象徴する少女像について「撤去すべきというのが在日同胞の共通した切実な思いだ」と述べた。今後、訪韓し行政側に要望を伝えるという。
韓国首相「言動自制を」=慰安婦問題の応酬過熱で
呉団長はあいさつで、2015年12月の日韓両政府の慰安婦問題に関する合意について「苦渋の末に選択した結果で、両国の関係発展のための英断だ」と評価。「合意が誠実な態度で履行されなければ、この問題は永遠に解決されない」と訴えた。 その後、取材に応じた呉団長は「韓国国内で反発が予想されるが覚悟している。両国関係の悪化による一番の被害者は在日同胞だ」と強調。元慰安婦の大半が、両国の合意に基づき設置された財団からの現金受け取りを表明している点を挙げ、「慰安婦問題を政治利用してはならない」と訴えた。(2017/01/12-16:35)

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