Archive for ‘Japan’s’

14/05/2020

US Navy warship transits Taiwan Strait as PLA starts live-fire drills

  • American destroyer’s mission comes a week before Taiwanese president officially starts second term in office
  • Increased military activity in the region could have unintended consequences but unlikely to lead to direct conflict, observer says
The guided-missile destroyer USS McCampbell made a transit through the Taiwan Strait on Thursday. Photo: US Navy
The guided-missile destroyer USS McCampbell made a transit through the Taiwan Strait on Thursday. Photo: US Navy

The United States sent a warship through the Taiwan Strait on Thursday as the Chinese military embarked on more than two months of live-fire naval drills off the mainland’s northern coast.

The passage by the USS McCampbell was the sixth through the strait by a US Navy vessel this year and comes a week before Taiwanese President Tsai Ing-wen, of the independence-leaning Democratic Progressive Party, is expected to be sworn in for a second term in office.

According to Taiwan’s defence ministry, the Arleigh Burke-class guided-missile destroyer transited the narrow body of water separating Taiwan from mainland China from north to south “in a routine mission”.

“It is continuing its southward voyage and the military is monitoring its movement through the intelligence it has gathered,” the ministry said.

In a statement on its Facebook page, the US Pacific Fleet said the McCampbell transited the Taiwan Strait as part of ongoing operations in the Indo-Pacific.

Analysts said the passage was a response to the People’s Liberation Army’s increasing military activity near Taiwan and in the wider region.

“This will become a new routine as a kind of US security commitment to maintain stability in the Indo-Pacific region,” said Soong Hseik-wen, professor of strategic studies and international relations at National Chung Cheng University in Taiwan.

Beijing urges France to cancel contract to sell arms to Taiwan

13 May 2020

The PLA has staged a series of war games, including fly-bys and warship transits through the strait, in recent months in response to what Beijing sees as growing pro-independence moves by the Tsai government and her party. China has also warned the US against supplying weapons to the island, which Beijing considers to be a wayward province that must return to the mainland fold, by force if necessary.

Mainland China has suspended official exchanges with Taiwan since Tsai was first elected president in 2016 and refused to accept the one-China policy, which Beijing says must be the foundation for any talks.

The PLA has embarked on 11 weeks of naval exercises off the coast of Tangshan in northern China, barring all other vessels from a 25km (15 mile) radius of the drill area, according to the China Maritime Safety Administration.

Taiwanese support closer ties with US over China, few identify as solely Chinese, Pew Research survey finds

13 May 2020

Both Beijing and Washington have ramped up military activities near Taiwan in recent months during the coronavirus pandemic, moves that some observers say run the risk of miscommunication.

Alexander Huang Chieh-cheng, professor of strategic studies and international relations at Tamkang University in Taipei, said no one could exclude the possibility of unintended incidents when both the US and the mainland were stepping up their presence in the region.

“Rational analysts would however argue that the two nuclear powers are not likely to engage in or escalate to direct military conflict,” he said.

Huang said he believed cross-strait relations would worsen during Tsai’s second term in office, which begins on May 20.

“The already damaged relationship between Taiwan and mainland China has worsened since the pandemic mainly due to travel bans and Taiwan’s increased international visibility,” he said.

On Tuesday, Japan’s Kyodo News reported that the PLA was planning a large-scale beach landing exercise near Hainan province in August, simulating a takeover of the Pratas Islands, which are controlled by Taiwan and also known as the Dongsha Islands.

In Taipei, Major General Lin Wen-huang said Taiwan was monitoring the PLA movements and “has contingency plans in place for the South China Sea to strengthen combat readiness and defence preparedness on both the Spratly and Pratas islands”.

Taiwan’s coastguard also announced on Wednesday that its Pratas Islands Garrison was scheduled to conduct an annual live-fire exercise in June to ensure the “effectiveness of various mortar and machine-gun positions”.

Taiwan shows off its military power after presidential election
Shanghai-based military commentator Ni Lexiong said that both the US Navy and PLA were increasing activities during the pandemic because neither side could afford to show weaknesses that the other might take advantage of.
The destroyer’s passage and the PLA’s drills were all part of such efforts, Li said.

But he agreed that both countries were unwilling, unable, and unlikely to have a real conflict.

“They are both bluffing. It’s a fake crisis,” he said. “A pandemic always ends or prevents a war if you look at history.

“I also don’t believe the PLA would want to take over the Dongsha or Taiping islands [in the South China Sea], because these islets alone are not worth a military campaign and all the consequences of that. The only target valuable enough for the PLA is Taiwan.”

Source: SCMP

21/04/2020

South Korea, China cast doubt on reports North Korean leader Kim gravely ill

SEOUL (Reuters) – South Korean and Chinese officials on Tuesday cast doubt on reports North Korean leader Kim Jong Un was ill after media outlets said he had undergone a cardiovascular procedure and was in “grave danger”.

Daily NK, a Seoul-based speciality website, reported late on Monday, citing one unnamed source in North Korea, that Kim was recovering after undergoing the procedure on April 12. The North Korean leader is believed to be about 36.

CNN cited a U.S. official with direct knowledge of the matter as saying Washington was “monitoring intelligence” that Kim was in grave danger after surgery. Bloomberg quoted an unnamed U.S. official as saying the White House was told that Kim took a turn for the worse after the surgery.

However, two South Korean government officials rejected the CNN report without elaborating on whether Kim had undergone surgery. The presidential Blue House said there were no unusual signs coming from the reclusive, nuclear-capable state.

Kim is the unquestioned leader of North Korea and the sole commander of its nuclear arsenal. He has no clear successor and any instability in the country could be a major international risk.

The state KCNA news agency gave no indication of the whereabouts of Kim in routine dispatches on Tuesday, but said he had sent birthday gifts to prominent citizens.

An official at the Chinese Communist Party’s International Liaison Department, which deals with North Korea, told Reuters the source did not believe Kim was critically ill. China is North Korea’s only major ally.

Chinese foreign ministry spokesman Geng Shuang said Beijing was aware of reports about the health of Kim, but said it does not know their source, without commenting on whether it has any information about the situation.

South Korean shares exposed to North Korea tumbled and the Korean won fell on the reports. The won traded down more than 1% against the dollar even as South Korean government sources said Kim was not gravely ill.

U.S. stock futures were trading 0.5% lower, but it was not clear how much of that weakness was owing to the collapse in U.S. oil prices and consequent concerns over global demand.

Daily NK said Kim had been admitted to hospital on April 12, just hours before the cardiovascular procedure, as his health had deteriorated since August due to heavy smoking, obesity and overwork.

It said he was now receiving treatment at a villa in the Mount Myohyang resort north of the capital Pyongyang.

“My understanding is that he had been struggling (with cardiovascular problems) since last August but it worsened after repeated visits to Mount Paektu,” a source was quoted as saying, referring to the country’s sacred mountain.

Accompanied by senior North Korean figures, Kim took two well-publicised rides on a stallion on the snowy slopes of the mountain in October and December.

KIM’S HEALTH KEY TO STABILITY

An authoritative U.S. source familiar with internal U.S. government reporting on North Korea questioned the CNN report that Kim was in “grave danger”.

“Any credible direct reporting having to do with Kim would be highly compartmented intelligence and unlikely to leak to the media,” a Korea specialist working for the U.S. government said on condition of anonymity.

Japan’s top government spokesman, Yoshihide Suga, declined to comment on the reports of Kim’s health.

“We are regularly gathering and analysing information about North Korea with great concern,” he said. “We will keep gathering and analysing information regarding North Korea by collaborating with other countries such as the U.S.”

Kim’s potential health issues could fuel uncertainty over the future of the reclusive state’s dynastic rule and stalled denuclearisation talks with the United States, issues in which Kim wields absolute authority.

With no details known about his young children, analysts say his sister and loyalists could form a regency until a successor is old enough to take over.

Speculation about Kim’s health first arose following his absence from the anniversary of the birthday of its founding father and Kim’s grandfather, Kim Il Sung, on April 15.

On April 12, North Korean state media reported that Kim Jong Un had visited an airbase and observed drills by fighter jets and attack aircraft.

Two days later North Korea launched multiple short-range anti-ship cruise missiles into the sea and Sukhoi jets fired air-to-surface missiles as part of military exercises.

The missile launches were part of the celebrations for Kim’s grandfather, Seoul officials said, but there was no North Korea state media report on his attendance or the tests.

Reporting from inside North Korea is notoriously difficult, especially on matters concerning the country’s leadership, given tight controls on information. There have been false and conflicting reports in the past on matters related to its leaders.

Kim is a third-generation hereditary leader who rules North Korea with an iron-fist, taking over the titles of head of state and commander in chief of the military since late 2011.

In recent years Kim has launched a diplomatic offensive to promote both himself as a world leader and his hermit kingdom, holding three meetings with U.S. President Donald Trump, four with South Korean President Moon Jae-in and five with China’s President Xi Jinping.

He was the first North Korean leader to cross the border into South Korea to meet Moon in 2018. Both Koreas are technically still at war, as the Korean War of 1950-53 ended in an armistice, not a peace treaty.

Kim has sought to have international sanctions against his country eased, but has refused to dismantle his nuclear weapons programme, a steadfast demand by the United States.

Source: Reuters

 

09/04/2020

Japan’s economy faces extreme uncertainty as coronavirus spreads: central bank head

TOKYO (Reuters) – Uncertainty over Japan’s economic outlook is “extremely high” as the coronavirus pandemic hits output and consumption, central bank Governor Haruhiko Kuroda said, stressing his readiness to take additional monetary steps to prevent a deep recession.

While aggressive central bank actions across the globe have eased financial market tensions somewhat, corporate funding strains were worsening, Kuroda told a quarterly meeting of the Bank of Japan’s regional branch managers on Thursday.

“The spread of the coronavirus is having a severe impact on Japan’s economy through declines in exports, output, demand from overseas tourists and private consumption,” he said.

Japan recorded 503 new coronavirus infections on Wednesday – its biggest daily increase since the start of the pandemic – as a state of emergency took effect giving governors stronger legal authority to urge people to stay home and businesses to close.

In contrast to stringent lockdowns in some countries, mandating fines and arrests for non-compliance, enforcement will rely more on peer pressure and a deep-rooted Japanese tradition of respect for authority.

The balancing act underscores the difficulty authorities have in trying to contain the outbreak without imposing a mandatory lockdown that could deal a major blow to an economy already struggling to cope with the virus outbreak.

Hideaki Omura, the governor of the central Japan prefecture of Aichi, said he would declare a state of emergency for his prefecture on Friday.

Omura said Aichi, which includes the city of Nagoya and hosts Toyota Motor Corp, was talking with the central government about being included in the national state of emergency as well, but felt he could not wait any longer to restrict movement.

“Looking at things the past week and watching the situation – the rise in patients, the number without any traceable cause – we judged that it was a very dangerous situation and wanted to make preparations,” he told a news conference.

Even with less stringent restrictions compared with other countries, analysts polled by Reuters expect Japan to slip into a deep recession this year as the virus outbreak wreaks havoc on business and daily life.

Shares of Oriental Land Co (4661.T) fell on Thursday after the operator of Tokyo Disneyland said it would keep the amusement park shut until mid-May.

Entertainment facility operator Uchiyama Holdings (6059.T) said it was closing 43 karaoke shops and 11 restaurants until May 6.

“For the time being, we won’t hesitate to take additional monetary easing steps if needed, with a close eye on developments regarding the coronavirus outbreak,” Kuroda said.

Kuroda’s remarks highlight the strong concern policymakers have over the outlook for Japan’s economy and how companies continue to struggle to generate cash, despite government and central bank promises to flood the economy with funds.

At its policy meeting later this month, the BOJ is likely to make a rare projection that the world’s third-largest economy will shrink this year, sources have told Reuters.

The BOJ eased monetary policy in March by pledging to boost purchases of assets ranging from government bonds, commercial paper, corporate bonds and trust funds investing in stocks.

The government also rolled out a nearly $1 trillion stimulus package to soften the economic blow.

Source: Reuters

23/02/2020

Korea raises alert to highest level as coronavirus cases jump

SEOUL/SHANGHAI (Reuters) – South Korea raised its disease alert to the highest level on Sunday after a surge in coronavirus infections and two more deaths, while China state media warned the outbreak there had yet to reach a turning point despite some signs of easing.

South Korea’s president said he was putting the country on “red alert” due to the rapid rise in new cases, which are largely being traced back to church services. Health officials reported 169 new infections, bringing the total to 602, having doubled from Friday to Saturday.

The escalation in the alert level allows the government to send extra resources to Daegu city and Cheongdo county, which were designated “special care zones” on Friday.

South Korea’s Yonhap News Agency said it also enables the government to forcibly prevent public activities and order the temporary closure of schools, though the government gave no immediate details on what steps could be taken.

In China, the health commission confirmed 648 new infections – higher than a day earlier – but only 18 were outside of Hubei province, the lowest number outside of the epicenter since authorities started publishing data a month ago and locked down large parts of the country.

But the number of cases continued to climb elsewhere.

Japanese Prime Minister Shinzo Abe instructed government agencies on Sunday to urgently prepare medical provisions and draft a comprehensive plan to curb the spread of the virus, after it reported 27 more cases a day earlier.

The U.S. State Department raised its travel advisory level one notch for South Korea and Japan to Level 2 on a scale of 1 to 4.

Concern about the reach and rapid spread of coronavirus also grew in Europe and the Middle East.

Cases in Italy, Europe’s worst hit country, more than quadrupled to 79 on Saturday, with two deaths.

Iran reported a total of 43 infections, with eight deaths – all since Tuesday – forcing some of its neighbors to announce travel and immigration curbs.

The World Health Organization on Saturday stressed that the number of cases outside of China was still relatively few, but it was worried by the detection of infections without a clear link to China.

The disease has spread to some 26 countries and territories outside China, killing more than a dozen people, according to a Reuters tally. It has been fatal in 2% of reported cases, with the elderly and ill the most vulnerable, according to the WHO.

The potential economic impact of coronavirus was prominent at a meeting of G20 finance ministers in Riyadh, at which the International Monetary Fund chief said China’s 2020 growth would likely be lower at 5.6%, down 0.4 percentage points from its January outlook, with 0.1 percentage points shaved from global growth.

Graphic: Online site for coronavirus news here

Graphic: Tracking the novel coronavirus here

CHURCH CONTAGION

The last time South Korea raised the alert to the highest was 11 years ago during the Influenza A or H1N1 outbreak.

Many of South Korea’s new cases were linked to the Shincheonji Church of Jesus congregation in Daegu after a 61-year-old woman known as “Patient 31” tested positive for the virus last week. The woman had no recent record of overseas travel.

Catholic churches in Daegu and Gwangju have suspended mass and other gatherings, while churches elsewhere saw declines in attendance on Sunday, especially among the elderly.

“If the situation gets worse, I think we’ll need to take more measures. Currently, we’re limiting personal gatherings within the church except for Mass,” said Song Gi-young, 53, wearing a face mask at church.

Heo Young-moo, 88, expressed frustration.

“Devotees shouldn’t go to any risky places … Hasn’t it become so widespread because those people didn’t get checked?”,” he said.

Outside of the church was a sign that said: “All Shincheonji followers are strictly prohibited from entering”.

The foreign ministry said South Koreans aboard a plane to Israel had been denied entry there on Saturday due to concerns about the virus spread.

China said the number of new deaths on Saturday from COVID-19, as the disease caused by the virus is known, was 97, all but one of which were in Hubei.

Eighty-two of those were in the provincial capital Wuhan, where Xinhua news agency said nucleic tests were being carried out on the backlog of cases to try to contain the spread.

In total, China has reported 76,936 cases, and 2,442 deaths. The WHO says the virus is severe or critical in only a fifth of infected patients, and mild in the rest.

Graphic: Reuters graphics on the new coronavirus here

NOT OVER YET

Beijing, Zhejiang, Sichuan had no new infections on Feb. 22 for the first time since the outbreak was detected. There were signs of street life in Shanghai, with some cafes serving take-out food and families wearing masks walking their dogs.

State run television on Sunday urged people to avoid complacency, drawing attention to people gathering in public areas and tourist spots without wearing masks.

Analysts have been closely watching out for any signs of a secondary wave of infections as transport restrictions are eased and many migrant workers return to factories and offices. Business activity in the world’s second-biggest economy is only gradually returning to normal after widespread disruptions.

Japan’s health minister apologized on Saturday after a woman who was allowed to leave the coronavirus-struck Diamond Princess cruise ship tested positive despite having underwent quarantine.

At least 623 cases have been reported on the vessel, the biggest outbreak outside China, involving more than a dozen nationalities.

In Italy, schools and universities were closed and some soccer matches postponed in Lombardy and Veneto, the country’s industrial heartland.

Saudi Arabia, Kuwait, Iraq have travel and immigration curbs on Iran, while Oman on Sunday urged its citizens to steer clear of countries with high infection rates and said arrivals from those nations would be quarantined.

Source: Reuters

02/12/2019

Factbox – The world’s biggest electric vehicle battery makers

(Reuters) – Asian companies dominate the market for electric vehicle (EV) batteries and they are expanding their production capacity in Europe, China and the United States in a fight to win lucrative contracts from global automakers.

Some carmakers worry, however, there won’t be enough batteries for all the EVs they plan to launch in the coming years and a bitter row between South Korea’s SK Innovation and LG Chem risks exacerbating the potential shortfall.

Below are details of the world’s leading EV battery makers with details of their customers and expansion plans:

CATL

China’s Contemporary Amperex Technology (CATL), the world’s biggest EV battery maker, counts BMW (BMWG.DE), Volkswagen (VOWG_p.DE), Daimler (DAIGn.DE) – which makes Mercedes cars – Volvo, Toyota Motor Corp (7203.T) and Honda Motor Co (7267.T) among its customers.

The company emerged as a major force partly thanks to Beijing’s policy of only subsidising vehicles equipped with Chinese batteries in the world’s biggest EV market. Beijing is phasing out EV subsidies next year.

CATL, which operates factories in China, is building its first overseas plant in Germany and is considering a U.S. factory.

PANASONIC CORP (6752.T)

Japan’s Panasonic, a supplier of U.S. EV pioneer Tesla (TSLA.O), said it has installed equipment to ramp up production at Tesla’s Nevada plant to 35 GWh from its current production of around 30 GWh as of late October. Panasonic has said it is investing about $1.6 billion in the factory.

Panasonic also produces EV batteries in Japan, China and plans to shift some of its plants to a new joint venture with Toyota. Panasonic’s clients also include Honda and Ford Motor Company (F.N).

For a graphic of expansion plans: tmsnrt.rs/35tFmOL

BYD CO LTD (002594.SZ)

China’s BYD, which is backed by U.S. investor Warren Buffett, is also one of the world’s biggest EV battery makers. It mainly uses them in-house for its own cars and buses. BYD said last year it is was considering cell production in Europe.

LG CHEM LTD (051910.KS)

The South Korean firm was an early industry mover, winning a contract to supply General Motor’s (GM.N) Volt in 2008. It also supplies Ford, Renault (RENA.PA), Hyundai Motor (005380.KS), Tesla, Volkswagen and Volvo.

It is investing 3.3 trillion won ($2.8 billion) to build and expand production facilities near Tesla’s plant in Shanghai. It has a joint venture (JV) in China with Geely Automobile Holdings (0175.HK), which makes Volvos, and is in talks with other carmakers about JVs in major markets.

The firm is considering building a second U.S. factory in addition to its facility in Michigan and is expanding its plant in Poland.

SAMSUNG SDI CO LTD (006400.KS) Samsung SDI an affiliate of South Korean tech giant Samsung Electronics (005930.KS), has EV battery plants in South Korea, China and Hungary, which supply customers such as BMW (BMWG.DE), Volvo and Volkswagen. Samsung SDI is investing about 1.2 billion euros ($1.3 billion) to expand its factory in Hungary though the EU is investigating whether Budapest’s financial support complies with the bloc’s state aid rules.

Samsung started production last year on the Hungary plant, which will produce batteries for 50,000 EVs a year.

SK INNOVATION CO LTD (096770.KS) LG Chem’s cross-town rival SK Innovation supplies batteries to Volkswagen, Daimler and Kia Motors (000270.KS), as well as Jaguar Land Rover [TAMOJL.UL] and Ferrari (RACE.MI).

An oil refiner that came to the battery industry late, SKI is investing about $3.9 billion to build three plants in the United States, China and Hungary, with a goal of expanding its annual production capacity to 33 GWh by 2022.

SKI currently operates one battery factory in South Korea, with a capacity of 4.7 GWh annually.

It set up a joint venture with Beijing Automotive Industry Corporation (BAIC) of China in August 2018 and another Chinese partner. It is in talks with Volkswagen about another battery JV and is building a $1.7 billion factory in the U.S. state of Georgia, not far from Volkswagen’s Chattanooga plant.

Source: Reuters

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