Japan should aim to nearly double its defense spending over the next five years to 2% of gross domestic product and ease restrictions on arms exports, a ruling-party panel said Thursday, citing threats from China.
In February, Russia’s President Vladimir Putin and China’s Xi Jinping declared that their friendship had no limits. Now, the war in Ukraine is testing that relationship.
WSJ’s Shelby Holliday explores how the war in Ukraine is weighing on Beijing. Photo: Associated PressTOKYO—had mentioned the 2% level in its election platform last year, but the latest proposal was the first time party policy makers gave a specific time frame, highlighting how the emergence of
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US drone company Zipline starts delivering medicine in JapanTOKYO (AP) — Zipline, an American company that specializes in using autonomously flying drones to deliver medical supplies, has taken off in Japan. They’re flying, starting Thursday, across the tiny Goto Islands, off the western coast of Kyushu, in southwestern Japan, delivering to pharmacies and hospitals.
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Japan plans to set legal framework for carbon storageJapan's industry ministry plans to create a legal framework for carbon capture and storage (CCS) to enable companies to start storing carbon dioxide underground or under the seabed by 2030 to help the nation achieve its 2050 carbon neutral goal.
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Bank of Japan boosts defense of yield target, offers to buy debt for four daysThe Bank of Japan on Wednesday boosted efforts to defend its yield target, making a fresh offer to buy an unlimited amount of the 10-year bonds for four consecutive sessions.
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Japan cabinet secretary says Solomon Islands-China pact may have impact on regionChina's security agreement with the Solomon Islands may have an impact on security for the region and is a likely topic for discussions between the leaders of Japan and New Zealand later on Thursday, Japan's chief cabinet secretary said.
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Japan formally revokes Russia's 'most favored nation' statusJapan has formally revoked Russia's “most favored nation” trade status over its invasion of Ukraine, as Tokyo steps up sanctions amid revelations of the Russian military's widespread atrocities against civilians.
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Japan banks target growth in cooling U.S. high-yield debt marketWhen Japan's biggest banks helped finance a $34 billion deal last year for medical supply maker Medline, one of the largest leveraged buyouts since the financial crisis, the famously cautious lenders signalled their ambitions in riskier, and more lucrative, low-grade U.S. debt.
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