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As you'll have heard in the news this morning, the Retirement Commissioner has called for a 10-year roadmap and cross-party agreement, following the release of its review of New Zealand's retirement system. More Kiwis are living longer, working differently, and facing pressures around housing and care. We're facing a huge rise in the number of older people. At the same time, we're facing fewer working Kiwis who can pay for the associated costs of aged care. Current data shows that right now, for every 100 people of working age, we have 28 retirees. Those numbers are changing quickly. By 2050, just 25 years away, we're looking at 38 retirees per 100 workers. By 2060, we'll have twice as many retirees compared to workers. In 2019, those older than 65 received $13 billion more in government services, mainly super and healthcare, than they contributed in taxes. I mean, that's just the way it is. You end up using the health system more when you're young, very, very young, like under five, but mainly when you're very, very old. And in the middle, you shouldn't really be accessing it at all. Of course, we're seeing those numbers going up as well, but that's just the way it is. It's the Western world over. It's just life. Treasury has been screaming for more than a decade now that we simply don't have enough money coming in to keep the lights on. Last week it gave another warning. Debt is not only being used for capital expenditure, but to cover operating costs. So it's like using your credit card to pay the necessary bills. It's unsustainable. And this is occurring as the books haven't yet recovered from Covid and Cyclone Gabrielle, and as the costs associated with an aging population are set to soar. As I said, we're not alone in this. The Western world over is struggling with this. Japan's been staring down the barrel of a shrinking workforce and a rising number of oldies for years now. The Prime Minister Fumio Kishida made an interesting point in January 2023 that Japan is standing on the verge of whether they can continue to function as a society, facing as it does the twin threats of falling birth rates and an ever-increasing elderly population. And when I say elderly, they live a really long time – they've got really healthy oldies who are regularly hitting 100. In 2022, almost half of Japanese firms relied on workers over the age of 70. So they're trying to encourage older people to still participate, to continue if they're up to it, if they can. So we could work longer. We could make use of the technology and the digitisation and the AI if you want to continue working. We could shift health to be rather than end-of-life care, try and put an emphasis on preventing people getting health issues and try and keep people out of hospital with preventable illnesses. We could prioritise health and well-being to ensure we stay healthy for longer. When it comes to providing a broader tax base, we'll be competing with every other Western country to import workers, because I think it's pointless telling young people, and certainly other countries have found this, to have more babies. There's financial incentives for young couples to have more babies, but a couple of 100 bucks here and there is not going to make people have children. What makes young families want to have children is a belief in the future, a belief in the society in which they live, a belief that they can support the children and give them what they need in terms of and it's not just financial things, it's time. If you're working seven days a week to provide for your family, you're going to limit the number of children you're going to have. See omnystudio.com/listener for privacy information.
和歌山地裁、和歌山市和歌山市で2023年4月、岸田文雄首相の遊説中に爆発物が投げ込まれた事件で、殺人未遂などの罪に問われた木村隆二被告の裁判員裁判の公判が10日、和歌山地裁であった。 Japanese public prosecutors demanded Monday that a 25-year-old man accused of the attempted murder and other charges for throwing an explosive at then Prime Minister Fumio Kishida during a campaign trail in western Japan in 2023 be sentenced to 15 years in prison.
Japanese public prosecutors demanded Monday that a 25-year-old man accused of the attempted murder and other charges for throwing an explosive at then Prime Minister Fumio Kishida during a campaign trail in western Japan in 2023 be sentenced to 15 years in prison.
Two years on, how has Japan progressed with its planned national security reforms, and how is it adapting to regional security challenges? In December 2022, Japan announced plans to almost double its defence budget and acquire a new set of strike capabilities. The context for that decision was a sense of rising danger and a need to be prepared to assume a larger defence burden. The plans progressed under the leadership of Prime Minister Fumio Kishida, but he has now been replaced in this post. Shigeru Ishiba, Japan's new prime minister, inherits a set of circumstances at home and abroad that will challenge this defence pivot. In this episode, host Neil Melvin is joined by RUSI Senior Research Fellow Philip Shetler-Jones to discuss the original motivation behind these reforms, as well as what progress has been made. What sort of domestic debate is there in Japan on foreign and security policy? And will Japan be able to deliver on its ambitious plans? This episode is sponsored by the Embassy of Japan.
*) Israel starts ‘limited, localised' ground invasion in Lebanon The Israeli army has started a “limited” ground invasion as their attacks in several towns in southern Lebanon continue. According to the Israeli military, they carried out “focused and localised raids” aimed at Hezbollah targets and infrastructure in the south. Meanwhile, Lebanon's official news agency NNA reported that the shelling hit areas like Wazzani, Marjeyoun and Khiyam, and went on for more than two hours. *) President Erdogan calls for global action on Gaza Turkish President Recep Tayyip Erdogan has made it clear that Türkiye won't stand by as tensions in Gaza, the occupied West Bank and Lebanon continue to rise. Announcing the delivery of 30 tonnes of humanitarian aid to Lebanon, Erdogan stressed that more support will flow if security allows it. He also called for Muslim nations to step up, suggesting that it's time for the Muslim world to take a leading role in opposing the violence and oppression in these conflict zones. *) Putin's nuclear talk shouldn't stop NATO backing Ukraine: Stoltenberg NATO's outgoing Secretary-General Jens Stoltenberg is urging allies not to be intimidated by Vladimir Putin's nuclear threats when deciding on military aid for Ukraine. Stoltenberg's remarks followed Putin's recent declaration that Russia wouldn't hesitate to use nuclear weapons if hit by conventional missiles. As the US and its partners weigh whether to allow Ukraine to launch deeper strikes into Russia, Stoltenberg is making it clear that NATO can't afford to be swayed by what he sees as reckless rhetoric from Moscow. *) Japan's Kishida steps down as PM, paving way for likely successor Ishiba Japan's Prime Minister Fumio Kishida has officially stepped down, clearing the path for Shigeru Ishiba to take over as the country's new leader. Ishiba, who was chosen by the ruling Liberal Democratic Party, wasted no time, announcing plans for a snap election. But not everyone is happy. Opposition parties are already voicing concerns, saying Ishiba isn't giving politicians enough time to properly evaluate his policies before the vote. *) Did The Jerusalem Post delete article claiming ‘God gave Israel Lebanon'? The Jerusalem Post sparked online outrage after publishing — and swiftly removing — an article that suggested Lebanon might be part of Israel's “promised land”. The controversial piece, published late September, explored the idea of a “Greater Israel”, a concept linked to far-right Israeli politics. Social media erupted after the article disappeared, with critics accusing the newspaper of promoting expansionist views. Many believe the timing, given the ongoing air strikes in Lebanon, made the story even more inflammatory.
Good afternoon, I'm _____ with today's episode of EZ News. Tai-Ex opening The Tai-Ex opened up 105-points this morning from yesterday's close, at 22,329 on turnover of 4.2 -billion N-T. The market tumbled nearly 600-points on Monday on the back of steep declines in the share price of Taiwan Semiconductor Manufacturing and other tech heavyweights. Analysts says Monday's downturn came as investors moved their money from tech stocks into non-tech stocks. Tai Power to Hike Electricity Rates for Industrial Users The Ministry of Economic Affairs says Tai-Power will be raising electricity rates for industrial users from October 16. The statement follows a meeting of the ministry's electricity price review committee. The hike in price means that industrial users will see their electricity rates increase by an average of 12.5-per cent. Tai-Power had been seeking an increase of 14-per cent, but the committee says it opted for a lower figure in order to ensure (確保) that Taiwan businesses remain competitive. It's the second electricity rate hike this year and was proposed as part of government efforts to shore-up Tai-Power's finances. National Day Gala Tickets Snapped Up in 15 Minutes The Taipei City Department of Information and Tourism says all 5,400 tickets for the 2024 National Day Gala were snapped-up within 15 minutes of release on Monday. The event will be taking place this coming Saturday at the Taipei Dome and it will be the venue's first large-scale non-sporting event. Organizers made the 5,400 tickets available through the "udn fun life" online ticketing platform at noon. Four-hundred of those tickets were reserved for (保留給) senior citizens. Personal information was required by those lucky enough to have booked their seats and tickets cannot be transferred. The National Day Gala will feature performance by singers Jody Chiang and Huang Fei. US Man Pleads Not Guilty to Trump Assassination Attempt The man accused of plotting to kill former president Donald Trump at his Florida golf course has pleaded not guilty to five counts including attempting to assassinate a major presidential candidate. Prosecutors allege Ryan Routh stalked (跟蹤) Donald Trump before setting up what they called a "sniper's nest" at the edge of his golf course in west Palm Beach, Florida. US correspondent Kate Fisher reports Japan PM Resigns Japan's Prime Minister Fumio Kishida has resigned with his Cabinet, paving the way for his likely successor Shigeru Ishiba to take office. Ishiba was chosen as the governing Liberal Democratic Party's leader on Friday to replace Kishida, who announced in August his resignation at the end of his three-year term. Ishiba is assured to be prime minister later today in a vote by parliament because it is dominated by his party's ruling coalition (執政聯盟). Ishiba will then announce his new Cabinet later in the day. On Monday, Ishiba said he planned to call a parliamentary election to be held on Oct. 27 after he is formally chosen as prime minister. That was the I.C.R.T. EZ News, I'm _____. ----以下訊息由 SoundOn 動態廣告贊助商提供---- 國立臺灣科學教育館Podcast節目《科科出來講》 有各種新奇有趣的科學小知識,破解生活中的科學小迷思 想聽知識含量最豐富的科學節目,就在《科科出來講》! 以上廣告由國立臺灣科學教育館提供。 《科科出來講》https://bit.ly/3JXYZVr -- 高雄美術特區2-4房全新落成,《惟美術》輕軌C22站散步即到家,近鄰青海商圈,卡位明星學區,徜徉萬坪綠海。 住近美術館,擁抱優雅日常,盡現驕傲風範!美術東四路X青海路 07-553-3838
Japan's ruling Liberal Democratic Party will choose its new leader on Friday, after Prime Minister Fumio Kishida's surprise announcement that he's stepping down. Who are the candidates jostling to replace him? And how will their policies effect the economy and wider region? Elsewhere, Spanish unions have taken to the street in support of a law that would shorten the workday. They gathered around the country to put pressure on the national employer's confederation to back the law, which would reduce the working week to 37.5 hours. Elon Musk has been snubbed by the British government and will not be invited to the inaugural International Investment Summit attracting investment to the UK. Rahul Tandon finds out more. And in the US, Meta has announced Hollywood celebrities will be voicing their new AI chatbots. Is this a marketing gimmick or the future of AI?Joining Rahul is Karen Percy, a freelance journalist in Melbourne and a South Korean scholar, lawyer, and consultant Jasper Kim with the University of Melbourne.
Japan's ruling Liberal Democratic Party will choose its new leader on Friday, after Prime Minister Fumio Kishida's surprise announcement that he's stepping down. But what do we know about those vying to take over from him? And how will a new leader effect the economy?Meanwhile, in Spain, union groups have taken to the street in support of a law that would shorten the workday. Unions gathered around the country to put pressure on the national employer's confederation to back the law, which would reduce the working week to 37.5 hours. And, you might have thought Elon Musk would be a prime candidate to be invited to the British government's inaugural International Investment Summit attracting investment to the UK. But the BBC understands he has - very purposefully - not been invited.
国会議事堂、東京都千代田区政府・与党は岸田文雄首相の後継を選出する臨時国会について、10月1日に召集する案を軸に調整に入った。 The Japanese government and ruling coalition are considering convening a parliamentary session on Oct. 1 to elect a successor to outgoing Prime Minister Fumio Kishida, coalition officials said Wednesday.
In this episode of The President's Daily Brief: We start with the latest developments on the war in Ukraine as Kyiv's forces launch major strikes against military airfields 500 miles deep into Russian territory. Then, we turn to the Far East, where one of America's key allies, Japan, is facing a major political shakeup. Prime Minister Fumio Kishida has announced his resignation following a series of political scandals. Plus, Iran has been hit with a major cyber-attack targeting the nation's central bank, leading to widespread disruptions and paralyzing the Islamic Republic's financial system. In today's Back of the Brief, I'll take a look at an event none of us likely had on our 2024 bingo cards—the return of the Monkeypox virus. To listen to the show ad-free, become a premium member of The President's Daily Brief by visiting PDBPremium.com. Please remember to subscribe if you enjoyed this episode of The President's Daily Brief. Email: PDB@TheFirstTV.com Learn more about your ad choices. Visit megaphone.fm/adchoices
This is the Catch Up on 3 Things by The Indian Express and I'm Ichha SharmaToday is the 15th of August and here are the headlines.In the first Independence Day speech of his third term, Prime Minister Narendra addressed core ideological issues, underlining the need to move towards a “secular civil code” instead of the existent “communal civil code”. PM Modi said, quote, “The Supreme Court has repeatedly discussed a Uniform Civil Code in India. It is true that the civil code that we have is a communal civil code. It is based on discrimination. It is our duty to fulfil the vision of our constitution makers. Unquote.A team of UN experts will visit Bangladesh next week to investigate the killings of protesters before and after Sheikh Hasina's resignation as Prime Minister last week. According to a post by the Chief Adviser of the Government of Bangladesh on X, this will be the first UN fact-finding mission to Bangladesh since its independence in 1971 to address widespread human rights abuses. Muhammad Yunus, who assumed office as Chief Adviser on the 8th of August following Hasina's departure to India, confirmed the visit. The mission will focus on atrocities committed during the Student Revolution in July and early August over the government job quota reforms.The Central Bureau of Investigation summoned five doctors today for questioning in connection with the alleged rape and murder of a trainee doctor at the state-run RG Kar Medical College and Hospital. The Kolkata police detained nine people following a night of violence and vandalism on the ground floor of the Emergency building at the RG Kar Medical College and Hospital. Nurses have demanded proper security on the premises, with one stating to PTI that such hooliganism inside a hospital is unacceptable.Meanwhile, in Uttarakhand's Udham Singh Nagar district, a daily wage worker was arrested a week after the body of a nurse working in a private hospital was found. According to police, the accused, identified as Dharmendra Kumar from Bareilly, allegedly sexually assaulted and murdered the woman after intercepting her while she was going home alone after duty at the hospital on the 30th of July. This incident comes in the wake of indefinite nationwide protests against the rape and murder case of a junior doctor in a Kolkata hospital.On the global front, Japan's Prime Minister Fumio Kishida announced that he will be stepping down from his position next month and will not contest the upcoming election for a new chief of the ruling Liberal Democratic Party. Kishida has faced a tumultuous time in office, with his government plagued by scandals and an approval rating of just 20 percent, indicating a severe erosion of public trust.This was the catch up on 3 Things for the Indian Express.
Thailand's Constitutional Court dismisses the country's prime minister, Japan's Prime Minister Fumio Kishida says he'll resign in September, Germany issues an arrest warrant over the Nord Stream pipelines sabotage, Kamala Harris' campaign says it was targeted by foreign hackers, a US Army sergeant pleads guilty to selling military secrets to China, Bangladesh's ousted prime minister is charged with crimes against humanity and genocide. Ilhan Omar staves off a primary challenge in Minnesota, US inflation rates slow to 2.9%, Google launches Gemini Live, and the WHO declares mpox a global health emergency. Sources: www.verity.news
Japanese Prime Minister Fumio Kishida announces he will step down in September, once his party has elected a new leader. Rise in the cost of living and scandals in his party has plummeted his government's approval ratings. We get the latest. Many YouTube users in Russia report that the platform has either stopped working or they're being restricted access to certain channels. We hear about the impact this is having on businesses that rely on YouTube to get their income. In Seville, the city council says it will cut the water supply to unlicensed tourist apartments. We hear what residents think about this plan.
Japan's Prime Minister Fumio Kishida says he will step down next month, succumbing to public disaffection over political scandals and rising living costs. Ukraine has pounded Russian regions with missiles and drones as Kyiv says it is advancing deeper into Russian territory. Only a ceasefire deal in Gaza would hold Iran back from direct retaliation against Israel for the assassination of Hamas leader Ismail Haniyeh on its soil, three senior Iranian officials have said. Find our recommended read here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Find the Recommended Read here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices
Japan's unpopular Prime Minister Fumio Kishida is set to quit after announcing he will not seek re-election as party chief. The ruling Liberal Democratic Party, which has governed almost uninterrupted since 1945, is due to hold a leadership contest next month, with the winner to become prime minister. - 人気を落としていた日本の岸田文雄首相が、自民党総裁選挙に立候補しない意向を表明し、首相を辞任することとなりました。与党自民党は1945年からほとんど途切れることなく政権を担ってきました。
①Japanese Prime Minister Fumio Kishida announces that he will step down in September. What has led to this decision? (00:46)②Russia's Belgorod has declared a state of emergency following Ukrainian attacks. Where is the Russia-Ukraine war heading? (12:00)③Iran has lashed out at the western call for restraint in attacking Israel, saying it is determined to defend its national security. Is a wider war in the region unavoidable? (24:28)④Chinese Foreign Minister Wang Yi is on a visit to Myanmar and Thailand. (33:20)⑤Producer inflation in the US rose at a softer pace than expected in July. (42:28)
記者団の取材に応じる立憲民主党の泉健太代表、14日、東京都千代田区岸田文雄首相の自民党総裁選への不出馬表明を受け、野党各党には14日、劣勢の与党が息を吹き返すことに警戒が広がった。 Japanese opposition parties are braced for a possible recovery in popularity of the ruling Liberal Democratic Party after Prime Minister Fumio Kishida said Wednesday he will not seek re-election as LDP president.
パリ五輪柔道男子66キロ級で連覇を達成した阿部一二三選手から記念品を贈られ、笑顔を見せる岸田文雄首相、13日午後、首相官邸岸田文雄首相は13日、パリ五輪日本代表のメダリストと首相官邸で面会した。 Prime Minister Fumio Kishida on Tuesday met with 66 Japanese medalists in the Paris Summer Olympics who had returned home.
閣議に臨む岸田文雄首相、8日午前、首相官邸鈴木俊一財務相ら岸田政権の閣僚が政治資金パーティーを相次いで開催していたことが分かった。 Japanese Finance Minister Shunichi Suzuki and some other members of Prime Minister Fumio Kishida's cabinet have resumed holding political fundraising parties, it was learned Thursday.
中学生を対象とした映画制作教室を視察し、参加者と意見交換する岸田文雄首相。 The Japanese government plans to hold in early September the first meeting of a public-private committee to promote the country's film industry, Prime Minister Fumio Kishida said Wednesday.
Japan issued its first new banknotes in two decades on July 3, yen packed with 3D hologram technology to fight counterfeiting. Prime Minister Fumio Kishida praised the state-of-the-art anti-counterfeit traits of the new 10,000 yen, 5,000 yen, and 1,000 yen bills as historic. “I hope the people will like the new bills, and they will help energize the Japanese economy,” he told reporters at the Bank of Japan. While the new bills were released with fanfare, currency already in use will remain valid. In fact, people will still need older bills to use most vending machines and to pay bus fares, local media reported. Kishida noted the people featured on the bills celebrate Japanese capitalism, women's equality, and scientific innovation. The 10,000 yen bill, worth about $62 at the current exchange rate, has the face of Eiichi Shibusawa, known as “the father of Japanese capitalism,” a key figure in building Japan's modern economy. He is credited with founding hundreds of companies. The 5,000 yen bill, worth about $30, features Umeko Tsuda, a pioneer feminist and educator who founded a college. The 1,000 yen note, worth about $6.20, portrays physician and bacteriologist Shibasaburo Kitasato, who was instrumental in the research of tetanus and the bubonic plague. The backs of each of the bills feature Tokyo Station, wisteria flowers, and ukiyo-e artist Katsushika Hokusai's Mount Fuji, respectively. The new bills also feature larger printing so they're easier to read, especially for the nation's aging population. It may take some time for ordinary people to get hold of the new bills. They first are going to banks and other financial organizations. Then, they'll be distributed to automatic teller machines and stores, according to the Bank of Japan. The majority of transactions in Japan are still done in cash, and cashless payments have been slower to catch on than in many other countries. “Although the world is moving toward cashless interactions, we believe cash remains important as a way for safely settling payments anywhere and anytime,” said Bank of Japan Gov. Kazuo Ueda. This article was provided by The Associated Press.
自動運転バスに乗り、手を振る岸田文雄首相、31日午後、三重県多気町岸田文雄首相は31日、三重県多気町を訪れ、デジタルを活用した地域づくりの取り組みを視察し、自動運転バスに試乗した。 The Japanese government will allow full-year autonomous driving transportation services on at least 25 public road routes by March next year and on 100 routes at an early date, Prime Minister Fumio Kishida said Wednesday.
障害者に対する偏見や差別のない共生社会の実現に向けた対策推進本部で発言する岸田文雄首相、29日午前、首相官邸政府は29日午前、全閣僚を構成員とする「障害者に対する偏見や差別のない共生社会の実現に向けた対策推進本部」の初会合を首相官邸で開いた。 The Japanese government will draw up a new action plan to combat discrimination and prejudice against disabled people, Prime Minister Fumio Kishida said on Monday at the first meeting of a new panel of all ministers on the issue.
記者団の質問に答える岸田文雄首相、24日午後、北海道千歳市岸田文雄首相は24日、障害者差別の根絶に向け、全閣僚で構成する対策推進本部の設置を発表した。 The Japanese government will set up a task force including all cabinet members to promote measures to combat discrimination against people with disabilities, Prime Minister Fumio Kishida said Wednesday.
自民党の林芳正官房長官は21日、岸田文雄首相が再選を目指す総裁選への対応について、「政府の立場としてコメントをすることは控えなければならない」と述べた上で、「しっかり岸田政権を支えていきたい」と語った。 Japanese Chief Cabinet Secretary Yoshimasa Hayashi said Sunday he wants to firmly support the administration of Prime Minister Fumio Kishida, who seeks to be re-elected in the ruling Liberal Democratic Party's presidential election expected to be held in September.
菅義偉前首相、8日、鹿児島市自民党の菅義偉前首相は26日発売の「月刊Hanada」掲載のインタビューで、派閥裏金事件に対する岸田文雄首相の対応について「各派閥と同じような処分を自身に科すべきだった。 Former Japanese Prime Minister Yoshihide Suga again criticized current Prime Minister Fumio Kishida in an interview published Wednesday in a monthly magazine, saying that Kishida "should have punished himself as well" for a "slush fund" scandal involving the ruling Liberal Democratic Party's factions.
首相官邸、東京都千代田区政府が物価高対策として、電気・ガス料金の負担を軽減する補助金を再開する方向で調整していることが21日、分かった。 The Japanese government will revive subsidies for electricity and gas bills for three months, Prime Minister Fumio Kishida said Friday.
額賀福志郎衆院議長に内閣不信任決議案を提出する立憲民主党の安住淳国対委員長ら、20日午前、国会内岸田文雄首相の政治改革に対する姿勢が後ろ向きだとして、立憲民主党は20日午前、内閣不信任決議案を衆院に提出した。 The main opposition Constitutional Democratic Party of Japan submitted a no-confidence motion against the cabinet of Prime Minister Fumio Kishida to the House of Representatives on Thursday morning.
党首討論に臨む岸田文雄首相と立憲民主党の泉健太代表、19日午後、国会内岸田文雄首相と野党党首による党首討論が19日、国会で行われた。 Kenta Izumi, head of the main opposition Constitutional Democratic Party of Japan, called on Prime Minister Fumio Kishida to dissolve the House of Representatives for a snap election, during a Diet debate between party leaders on Friday.
改正政治資金規正法の成立を受け、記者団の取材に応じる岸田文雄首相、19日午後、首相官邸自民党が派閥裏金事件を受けて提出した改正政治資金規正法は、19日の参院本会議で自民、公明両党などの賛成多数で可決、成立した。 The Constitutional Democratic Party of Japan, the country's main opposition party, decided Wednesday to submit a motion of no confidence against the cabinet of Prime Minister Fumio Kishida on Thursday.
斎藤洋明氏自民党麻生派の斎藤洋明元総務政務官は16日、派閥の裏金事件を受けた政治資金規正法改正などの取り組みに「国民の理解は得られていない」と指摘した上で、「岸田総裁は岸田総裁の考えで頑張っているが、今こういう状況に至った責任は最終的に誰かが取らなければならない」と述べ、岸田文雄首相の責任論に言及した。 A lawmaker from Japan's ruling Liberal Democratic Party has urged Prime Minister Fumio Kishida, also president of the LDP, to take responsibility for the party's "slush fund" scandal.
参院法務委員会で質問を聞く岸田文雄首相、6日午前、国会内参院法務委員会は6日、岸田文雄首相が出席し、「技能実習」に代わる外国人材受け入れ制度「育成就労」を創設する入管難民法などの改正案の質疑を行った。 The Japanese government plans to set an upper limit on the number of people to be covered by a proposed three-year foreign workforce development program, Prime Minister Fumio Kishida said Thursday.
On this week's episode of Departures with Robert Amsterdam we're pleased to invite our friend and colleague of many years Jakob Edberg, the co-founder of The GR Company, a government relations consultancy headquartered in Tokyo, Japan, and with offices in Osaka, Seoul, London, and Washington DC. Jakob's unique perspective on the rapidly evolving leadership role of Japan in the region and, increasingly, in global affairs are shaped by more than 20 years of experience advising some of the world's largest companies on politically sensitive matters in the region. According to Edberg, Japan's new role as a primary actor and top ally of the United States has been an intentional and gradual process dating back to before Shinzo Abe's ascedency and the current diplomacy-forward administration of Prime Minister Fumio Kishida.
Good afternoon, I'm _____ with today's episode of EZ News. Tai-Ex opening The Tai-Ex opened up 149-points this morning from Friday's close, at 20,479 on turnover of 5.7-billion N-T. The market closed-up on Friday after Wall Street gained ground overnight. The market cut its losses for the week as big U-S companies reported solid earnings for the first quarter. Investors awaited a key report on America's jobs market. Paraguay's President Talks Increasing Ties with Taiwan Paraguay's President Santiago Pena says he's seeking to boost cooperation with Taiwan. Speaking to reporters in Japan following a meeting with Prime Minister Fumio Kishida, Pena said his country has enjoyed a long diplomatic relationship with Taiwan. He says he plans to continue to promote a wide-ranging cooperative partnership. Pena and Kishida also expressed their opposition to any unilateral changes to the cross-strait "status quo" using force . They said "attempts to change the status quo by force will not be tolerated (容忍)." KMT Chairman Responds to Russia Envoy Invite K-M-T Chairman Eric Chu says his party will take action to handle fallout from an invitation that was extended to Russia's top envoy to Taiwan to attend an international banquet last month. The statement comes after reports surfaced that the the K-M-T was forces to cancel the invitation sent to Russia's representatives. Envoys from the U-S and European offices threatened to boycott the event. According to the K-M-T chairman, the invitation was sent out on the basis of (的基礎、根據) "good diplomacy." Chu says the party has regular contact with all the representative offices and embassies in Taiwan. UN Declares Northern Gaza "Full Blown Famine" A UN official says northern Gaza is going through "full blown famine". But Israel is vowing to conduct (執行) a military operation in the 'very near future'. AP correspondent Karen Chammas reports… Brazil Flooding Leaves Dead and Missing Authorities say massive floods in Brazil's southern Rio Grande do Sul state have killed at least 75 people over the last seven days. Another 103 are reported missing. Damage from the rains has forced more than 80,000 people from their homes. Some are taking refuge (避難) in schools, gyms, and other temporary shelters. Landslides, flooded roads and collapsed bridges have left devastation (破壞) in the state. Operators reported electricity and communications cuts. The government says more than 800,000 people are without water supply. Bernard Hill Obit Actor Bernard Hill who starred in “Titanic,” and “The Lord of the Rings” trilogy has died. Hill's agent says he died Sunday at age 79. Hill delivered a rousing (激動人心的) cry before leading his people into battle in “The Return of the King.”. The film was the third in the “Lord of the Rings” franchise that won 11 Oscars. He went down with the ship as the captain in “Titanic,” which also won 11 Academy Awards. That was the I.C.R.T. news, Check in again tomorrow for our simplified version of the news, uploaded every day in the afternoon. Enjoy the rest of your day, I'm _____. ----以下訊息由 SoundOn 動態廣告贊助商提供---- 迎接十年一遇的存債良機,富養自己不是夢! 中信優息投資級債【00948B】,甜甜價10元入手,還有「平準金」及「月配息」, 小資也能輕鬆跟隊。【00948B】投資就是發! 5/22-5/28飛躍募集,一同「債」現王者新高度! 詳細資訊請見:https://bit.ly/3y7XL7A -- 城揚建設新推出的「陽明第一廳」 緊鄰三民區的明星學府-陽明國中 46~52坪,每層四戶兩部電梯 最適合有換屋與置產需求的你 讓生活中充滿書香、運動風,滿足食衣住行的消費需求 城揚建設 陽明第一廳 07-384-2888 https://bit.ly/4azoWGy
John sits down Ken Moriyasu, Washington correspondent for Japan-based news magazine Nikkei Asia. A returning guest to PM101, Ken joins the program to discuss the U.S.-Japan alliance, a fitting topic after Prime Minister Fumio Kishida's recent state visit to Washington. Ken describes the shifts in Japan's military strategy, Japanese policy towards Ukraine and Israel, how Japan is preparing for the potential return of Donald Trump, and the impact of Joe Biden's unconventional new ambassador to Tokyo, Rahm Emanuel.Read more from Ken here: https://muckrack.com/kenmoriyasu
Shane Leary joins Miles Yu to discuss the forthy-fifth anniversary of the Taiwan Relations Act. They then turn to Prime Minister Fumio Kishida's state visit to Washington, and the resulting developments in the relationships among the United States, Japan, and the Philippines. Finally, they discuss why the Biden administration's attempts at reconciliation and cooperation with China have failed, and where US strategy vis-à-vis China is heading.
Japan's Prime Minister Fumio Kishida yesterday urged Americans to overcome “an undercurrent of self-doubt” about our role in a world now at “history's turning point.” Actually, what millions of us are doubting is the quality of our leadership at such a moment. Congressional leaders warn that we're in “a new Cold War” with the Chinese Communist Party and are finally launching hearings into the CCP's political warfare here. There's an elephant in the room, however, that has yet to be formally acknowledged, let alone corrected: As retired CIA spy Sam Faddis has observed, in the lexicon of recruiting and running agents, President Joe Biden would be characterized as “a controlled asset of the Chinese Communist Party.” We can't win a cold war, let alone the now-looming hot one, with leadership whose loyalty and conduct we have plenty of reason to doubt. This is Frank Gaffney.
Roll out the red carpet for Japan. Prime Minister Fumio Kishida is being feted with a speech before a joint session of Congress and a White House state dinner. Key to the courtship is Tokyo's ramped-up role in policing the Pacific. Like the Germans in Europe, the Japanese have had to shed the post-war pacifism that's even embedded in their constitution. It's with an eye to China, North Korea and Russia that they've drawn closer to South Korea and supported Ukraine. Enter another former World War II foe of the Japanese: the Philippines, whose new president is invited for an unprecedented three-way summit. Their common cause is territorial disputes in the South China Sea and a rivalry with Beijing that continues to intensify. What do Ferdinand Marcos Junior and the nationalist Kishida have in common? How strong an alliance will this be?Produced by Andrew Hilliar, Rebecca Gnignati and Juliette Brown. Watch moreChina seas: A new Cold War brewing?
We take the temperature of US-Japan relations as Prime Minister Fumio Kishida visits President Biden in Washington DC. Also on the programme: Ankara based journalist Victoria Craig on why Turkey is halting exports to Israel and Stephen Dalziel explains a new form of protest using saucepans by The Way Home group of military wives and mothers in Russia. Plus: the shortlist for this year's International Booker Prize.See omnystudio.com/listener for privacy information.
Julia Chatterley speaks to the CEO of Suntory about the future of U.S.-Japanese relations. Arizona's Supreme Court revives a near-total abortion ban that was enacted in 1864. And, UConn beats Purdue to cruise to a sixth NCAA championship. All that and more on the show. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The challenge presented by China is one of the main focuses of the Biden White House. The president will soon meet with the leader of Japan, one of America's strongest allies, in a bid to deepen the military partnership in East Asia. Geoff Bennett sat down with Prime Minister Fumio Kishida to discuss the stakes of the summit. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
The challenge presented by China is one of the main focuses of the Biden White House. The president will soon meet with the leader of Japan, one of America's strongest allies, in a bid to deepen the military partnership in East Asia. Geoff Bennett sat down with Prime Minister Fumio Kishida to discuss the stakes of the summit. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
Japan makes surprise crypto move. AI dating coaches are coming - Markets plunge - then rebound nicely - AI Buying AI stuff - Cure for Frostbite? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - AI dating coaches are coming - Markets plunge - then rebound nicely - AI Buying AI stuff - Cure for Frostbite? - AMAZING AMAZON Market Update - Japan - really pumping the risk assets - China government making $$ moves - China: Latest Problem: Lying Flat - Whoops - What is an extra ZERO anyway? Follow Up---- - USA CPI came out HOT! - January PPI increased by 0.3% (Briefing.com consensus 0.1%), with the previous figure revised to -0.1% from -0.2%. Meanwhile, January Core PPI rose by 0.5% (Briefing.com consensus 0.1%), and the prior number was revised to -0.1% from 0.0%. - The significant message from the report aligns with the conclusion drawn from the unexpectedly high January CPI report: whether the market opts to overlook this data due to seasonal adjustments, the Federal Reserve is unlikely to dismiss it. - The Fed is likely to perceive it as a reason to maintain a patient approach in terms of potential rate cuts. Market Hysteria - The Russell 2000, sank 4% on Tuesday, but ultimately settled 1.1% higher on the week. The market-cap weighted S&P 500 declined 0.4% this week, but the equal-weighted S&P 500 jumped 0.7%. - The Russell was DOWN 4% on Tuesday after the hotter than expected CPI report. - In addition to the hot CPI reading, market participants also digested a below-consensus Retail Sales report for January, an unexpected drop in jobless claims to 212,000, and a hotter-than-expected PPI report for January. -The 2-yr note yield settled 15 basis points higher this week to 4.65% in response to this week's data and the 10-yr note yield rose 11 basis points this week to 4.30%. (Briefing.com) Japan Crypto News - Japan inched closer to allowing venture capital firms and other investment funds to hold digital assets directly, after Prime Minister Fumio Kishida's administration agreed to submit a revised bill to implement the change. - His cabinet approved the text of a bill on Feb. 16 that seeks to partially amend the country's industrial competitiveness enhancement act, according to a statement published on the Ministry of Economy, Trade and Industry's website. The bill states that “measures will be taken to add cryptoassets to the list of assets that can be acquired and held by investment limited partnerships,” referring to a vehicle used by venture capital firms to secure capital for investments. China - China's southern province of Hainan moved to cut down-payment ratio for first-time homebuyers, the latest region in the country to ease mortgage policies to boost slumping home sales. - Minimum down payment for first homes was cut to 20% from 25%, according to a Monday report by Hainan Daily. The ratio for second homes remains unchanged at 30%, the outlet reported, citing a government notice without saying when the measure would go into effect. More China - China's market opened after the long Lunar New Year break with a thud. - China looks to be still buying directly into markets to prop up - Reports about pre-pandemic level spending on goods and travel, especially during the Lunar New Year did not lift the mood much China's Newest Concern: Lie Flat - "lie flat", a Chinese term used to describe people who work just enough to afford to spend their time on what they enjoy. ---- Not like Japan Inc of the 1980's - Although there is no data on how many young Chinese are opting out of corporate jobs that they traditionally would have taken, the youth jobless rate rose to a record high of 21.
THE Sales Japan Series by Dale Carnegie Training Tokyo, Japan
Japan is facing a serious shortage of staff in many industries. The job-to-applicant ratio rose to 1.28, the Ministry of Health, Labor and Welfare announced recently. The ratio means there were 128 job openings for every 100 job seekers.The figure has not yet reached the pre-pandemic level of 1.6 in 2019. The hospitality sector in particular, lost a lot of part-time staff during Covid and they haven't returned in numbers sufficient to match the needs of employers. Hotels are getting back to pre-Covid occupancy rates, but they worry they don't have enough staff to clean rooms and run the Hotel at the standards they adhere to. In July, the Japan Times noted 75.5% of surveyed hotel operators said they face shortages of regular employees while 78% said they lack part-time and other nonregular workers. The Immigration Services Agency recently announced the total number of foreigners in Japan has topped 3 million for the first time. The Japanese government has created a new skilled workers No. 2 visa category, just for the construction and shipbuilding industries. The Nikkei Asia in April quoted the Japan International Cooperation Agency estimates that, given Japan's labor shortage, reaching the government's economic growth target for 2040 would require nearly quadrupling the number of foreign workers to 6.74 million. This is a profound change for Japan, which as a society highly values conformity and harmony. No “melting pot” for Japan. Foreigners in large numbers may threaten that harmony, because they don't appreciate how things work here. The Government is facing that labor shortage head on though and creating more visa availability for foreign labourers to enter Japan and do the jobs locals don't want to do. In the white collar world, the language barrier and the weak yen, both guarantee that there won't be a rush of foreigners coming here to take up jobs. That means that for most multi-national companies, there will continue to be a war for talent for Japanese staff. If you require English as well, the pool of talent available becomes tiny. If you are a large corporation, you will have deep pockets and can offer large base salaries to attract people to join you. If you are a small to medium size business, then the nightmare has already started and will only get worse. The Council for the Creation of Future Education, chaired by Prime Minister Fumio Kishida, has the goal for Japanese students studying abroad to reach 150,000 students seeking to earn degrees by 2033. The Japanese Trade Union Confederation (Rengō) conducted a survey in 2022 which showed 30% of new employees quit their jobs in the first three years. This more mobile younger group, called the Dai Ni Shinsotsu (second stage fresh graduates) will be attractive to target, especially those with international exposure, better English and a few years of work experience. They will still need extensive training, though. In the world of sales in Japan, the picture is very grim. If you need English speaking capability, the pool of talent available is very shallow and we are all competing fiercely for a limited resource. In my hiring experience, I have noticed over the last seven years that salespeople are becoming more expensive and certainly very expensive relative to their ability. The vast majority of salespeople everywhere are untrained and they are working it out by trial and error. Japan is just the same. Assuming that someone knows what they are doing after working for a number of years in sales is too optimistic in my experience. Bosses need to accept that they will need to give these salespeople training to get their skills to the levels required. We teach a lot of salespeople here and we notice some common trends. They need particular work on asking questions to fully understand the buyer's needs rather than just delivering their pitch. Also, they need help on handling pushback from the client on pricing in Japan. The typical response here to drop the price by 20%, when confronted with the buyer's “your price is too high” statement, isn't the best choice. They need to be taught how to handle objections properly. The sales staff supply shortage moves the locus of power to Japanese salespeople. They know they are in strong demand and they can be very picky about who they join. The resume flow is also very brittle and thin. The range of choices is not there and if you get to interview someone, you are thinking this is a good day at work. Like me, if you have been hiring people on and off over many years, the first thing you notice is the quality is going south at a rapid clip. Facing sub-standard talent, we have to make some serious adjustments. We have to totally rework our on-boarding process and make it much longer, more comprehensive and intensive. We need to really train people hard during the Probation period, so we need a longer period of six months. The quality of people we will meet will likely stay low and more often than not, they are the dregs of this Japan sales life. We have to get someone, so we will hire the upper echelons of these dregs of the sales world here in Japan. They are going to need serious, professional sales training and considerable constant coaching to get them up to speed. This is going to be resource heavy. The improvement process won't be fast either, so we have to accept that additional burden on our small businesses. Our old idea that we can just hire them in and then fire them when they don't perform is well out of date. Current entry funnels are too shallow and so we will have few choices. Our future Japan sales staffing prospects look bleak, choices are few and we must make legendary compromises. The answer is to invest in training our salespeople in order for us to survive.
China Center Program Manager Shane Leary joins Miles Yu to discuss the diplomatic and security implications of this past weekend's trilateral Camp David summit between President Joe Biden, Prime Minister Fumio Kishida, and President Yoon Suk Yeol. They then examine Biden's latest executive orders against China, which ban investments on key technologies and enact export controls on semiconductors. Finally, Miles offers his thoughts on Xi Jinping's latest anti-corruption campaign targeting the medical sector in China.Follow the China Center's work at https://www.hudson.org/china-center and subscribe to our newsletter China Digest.
Last updated : 2023.07.06 The latest news from home and abroad, with a close eye on Northeast Asia and the Korean Peninsula in particular
TikTok's CEO to tell U.S. lawmakers the Chinese-owned app promises to shield user data from foreign access. First Republic Bank taps advisory firm Lazard to help review strategic options. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices
It's Thursday, January 26th, A.D. 2023. This is The Worldview in 5 Minutes heard at www.TheWorldview.com. I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark 100,000 Armenian Christians facing genocide Over 100,000 Armenian Christians are facing a humanitarian crisis in Nagorno-Karabakh, a landlocked region between Armenia and Azerbaijan. Last month, Azerbaijani protestors blocked the only road into the region, cutting off the area from food, supplies, and medicine. Christian aid and humanitarian organizations signed a joint statement of concern, warning conditions are now present for genocide. The statement said, “The current Azerbaijani aggression against the Armenians of Nagorno Karabakh conforms to a long pattern of ethnic and religious cleansing of Armenian and other Christian communities in the region.” Japan facing population crisis Japan's prime minister issued a dire warning to the country's lawmakers on Monday regarding their population crisis. Prime Minister Fumio Kishida said it is “Now or never when it comes to policies regarding births and child-rearing. … Japan is standing on the verge of whether we can continue to function as a society.” Japan has the second highest proportion of people aged 65 or older of any country in the world. And their births last year fell below 800,000 for the first time. Kishida hopes to double funding for child-related programs as the nation of 125 million faces demographic decline. Psalm 127:3-5 says, “Children are a heritage from the Lord, offspring a reward from Him. Like arrows in the hands of a warrior are children born in one's youth. Blessed is the man whose quiver is full of them.” Canada drops charges against pastor who held “drive-in” services during COVID lockdown Last Monday, prosecutors in Canada dropped charges against an Ontario pastor for holding worship services during COVID-19 lockdowns. Pastor Henry Hildebrandt led his congregation in drive-in services during a stay-at-home period in 2021. Police gave him an $800 ticket, claiming he did not have the right to do this despite there being exceptions for drive-in religious services. Hildebrandt said, “There comes a time when we as Christians have to stand for what is right regardless if it is popular.” Acts 5:29 says, “We must obey God rather than men.” Connection between decline in church attendance and despair deaths The National Bureau of Economic Research released a new study on the connection between declining American church attendance and despair deaths. Deaths by drugs, alcohol, and suicide are known as deaths of despair. The researchers wrote, “We show that the initial rise in deaths of despair in the US was preceded by a large decline in organized religious participation … states with high levels of religiosity have suffered less from mortality due to alcohol, suicides, or drug poisonings. … The impact that we witness seems to be driven by the decline in formal religious participation. … These results underscore the importance of cultural institutions, such as religious establishments, in promoting well-being.” Dept. of Justice arrested two pro-abortion vandals The U.S. Justice Department announced yesterday it finally arrested abortion activists following hundreds of attacks on churches and pro-life centers last year. A federal grand jury indicted 27-year-old Caleb Freestone and 23-year-old Amber Smith-Stewart for vandalizing pregnancy centers in Florida. The two of them spray-painted threats on the centers including, “If abortions aren't safe, than neither are you,” “YOUR TIME IS UP!!,” and “WE'RE COMING for U.” If convicted, they could face up to 12 years in prison and fines of up to $350,000. Ecclesiastes 8:11 says, “Because the sentence against an evil deed is not executed speedily, the heart of the children of man is fully set to do evil.” The monarch butterfly reflects God's creativity Have you ever seen the tiny yet beautiful monarch butterfly and marveled at the colors and the grace of this little creature? Kayla White, the author of the 78-page hardback entitled Melody: A Monarch Miracle, captured the dramatic transformation from caterpillar to butterfly with vivid pictures and detailed descriptions. Stay tuned for a Worldview Special Report immediately following the newscast. A slight increase in U.S. children living with married mom and dad And finally, a report from the Institute for Family Studies identified a positive trend for families following the COVID-19 pandemic. The share of children living in a married, two-parent household is up slightly. The percentage of kids living in intact families fell from over 85% in the 1960s to under 65% by the 2010s. However, that proportion has increased by about 1.5 percentage points since 2014. The report noted, “All in all, the decline in intact families in America appears to have bottomed out for now. The reasons for this are many [including] declining divorce and falling nonmarital fertility.” Close And that's The Worldview in 5 Minutes on this Thursday, January 26th in the year of our Lord 2023. Subscribe by iTunes or email to our unique Christian newscast at www.TheWorldview.com. Or get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ. A Worldview Special Report: A closer look at the monarch butterfly Time now for a Worldview Special Report by Emily Munday. I'm Adam McManus Have you ever wondered how a monarch butterfly came to be? The Worldview spoke to Kayla White, the author and photographer of Melody: A Monarch Miracle about this glorious representation of God's creation. WHITE: “One of the things I learned about the wonder of who God is through writing Melody is that the Lord can create a very ‘simple' creature, yet it can confound the smartest human minds on Earth. The monarch alone displays enough of the genius of our Creator to keep men busy mining the depths of His design for literally decades. We still don't understand or know everything there is to know about the monarch!” She marvels at the intricate details which God fashioned in the monarch butterfly. WHITE: “One of my favorite surprising facts about the monarch butterfly is that parts of the butterfly such as its wings proboscis (what it uses to drink nectar), and eyes actually start growing inside the caterpillar. We call them imaginal discs at this stage, and they finish developing inside the chrysalis.” Taking the photographs of the monarch butterfly's transformation herself transformed White spiritually. WHITE: “Taking pictures of the butterflies taught me more patience—I had to wait for quite a while to get some of the pictures, especially of the butterfly emerging from the chrysalis. Taking pictures of each stage of the butterfly's lifecycle also illustrated the power of prayer to me again. “I had several friends praying for me and the chrysalis that is used in the book as I worked on getting the pictures. It only takes a few minutes for the butterfly to emerge, so I had a very short window to get good photographs. The lighting and focus must be exactly right for them to turn out well since I only had one chance!” She said that she wanted to convey the power of God to children through her documentation of this tiny butterfly with a four-inch wingspan. WHITE: “One thing I want to convey to children about God is His power to create something from nothing, to make a new creation. He is the God who works miracles. Watching the caterpillar form a chrysalis is something unlike anything I've ever seen—it literally completely changes form before your eyes, with the change being fully completed once it emerges as a butterfly. “A beautiful butterfly that flies thousands of miles and drinks nectar is so completely different from a worm that can't travel very far, inches around, and spends its whole life chewing on leaves. It really is truly a miracle.” White revealed how she captured the vivid pictures of the butterflies. WHITE: “I use a variety of methods for photographing the butterflies at the various stages of development. Most of my pictures of the egg, the larval, and the pupal stages come from raising them in captivity. I captured the caterpillar as it emerged from the egg while indoors because the egg is so small that the only possible way obtain such shots is by being in a very still environment. “I bring the caterpillars to special photography sites once they start molting or forming a chrysalis to capture those stages. The easiest way I've found to photograph the butterflies is to take a few pictures just after releasing them into the wild.” Pick up a copy of Kayla White's 78-page hardback book entitled Melody: A Monarch Miracle. It's on sale this week for $16.14. This has been a Worldview Special Report. I'm Adam McManus.
As the rest of the world raises interest rates to battle inflation, Japan curiously is clinging to low rates to raise wages and finally move past its long battle with deflation. But as Tokyo tries to hold the line, the fastest inflation in decades is spooking a country unaccustomed to it. And the “decoupling” of the US and China, along with Russia's war on Ukraine, are also raising tough questions for a historically pacifist nation whose biggest export market is governed by Beijing, but whose national security has long depended on Washington. This week, we devote our entire Stephanomics podcast to Japan, delving into its economy, its ties to China and the US and its efforts to stay on friendly terms with both. First, reporter Yoshiaki Nohara brings us the noisy scene inside the Toyosu Market, the world's largest wholesale fish market. There, businesses face a dilemma: costs of materials are rising at a 9.1% clip, but consumer inflation is running at a more modest 3.6%. So, wholesale fish merchants, restaurants and other businesses are eating some of the inflation for fear of alienating a Japanese public that's used to prices falling, not rising.“We really wonder whether customers will keep coming back if we raise prices,” one businessman tells Nohara. That reluctance to boost prices, though, is creating a bit of a vicious cycle for Japan. Worker wages are stuck and won't rise until businesses can pass along more of their rising prices to consumers. However, consumers won't accept higher prices until they see higher wages. For now, the Bank of Japan and Ministry of Finance are trying to force wages up by keeping interest rates at rock-bottom levels—even if the yen craters, too.Next, host Stephanie Flanders, who's in Tokyo this week, chats with reporter Isabel Reynolds about the way Japan is being drawn into global conflicts and its delicate efforts to keep everyone happy. This week, Prime Minister Fumio Kishida ordered an increase in defense spending that could strangely put his country almost on par with Russia. Meantime, Japan finds itself caught between its loyalty to the US and its crucial trading ties with China, Reynolds says. The US has been signaling it's getting more aggressive toward China on trade issues, and while Japan has been reluctant to take sides, it may be forced to follow America's lead if things escalate, she says. Finally, Flanders chats with Takehiko Nakao, a former senior official with the Ministry of Finance, about whether Japan is finally ready to shed its years-long deflation, as well as the nation's need to ensure its own national security in light of the threat from China while also maintaining economic ties with Beijing. See omnystudio.com/listener for privacy information.
Record-high temperatures and a severe drought in west-central China has crippled hydropower generation and prompted the shutdown of many factories in the latest blow to a Chinese economy already weighed down by stagnant consumer spending and a deeply troubled real estate market. Meanwhile, Prime Minister Fumio Kishida said Japan will re-start more idled nuclear plants and look at developing next-generation reactors to stabilize the island nation's energy supply. Real Vision's man on the ground in Asia, Weston Nakamura, joins Maggie Lake at the top of today's Daily Briefing to talk about what trouble in the East means for the West and how it's playing out in forex markets. Then, Katie Stockton, the founder and managing partner of Fairlead Strategies, joins Maggie to share a technical view of the market, including key levels for the S&P 500, energy commodities, and the U.S. dollar. We also hear from Michael Howell, the founder of CrossBorder Capital, on the dollar and what its movement tells us about global liquidity. Watch the full video featuring Michael Howell and Ash Bennington here: https://rvtv.io/3POP7Oh. Learn more about your ad choices. Visit megaphone.fm/adchoices