With former prime minister Pamulaparthi Venkata Narasimha Rao at the helm, the “Look East” policy was born. Look East has since been re-branded as “Act East” by Prime Minister Narendra Modi — with more attention paid to the security dimension of India’s presence in the Indo-Pacific. That is why India has recently become a proponent of a “Free and Open Indo-Pacific”, a phrase coined by former Japanese prime minister Shinzo Abe. The Quad and the emerging “quad” in West Asia could provide an avenue for India to realize its Indo-Pacific policy by utilizing its geographic centrality. Australian Prime Minister Anthony Albanese, US President Joe Biden, Japanese Prime Minister Fumio Kishida and Indian Prime Minister Narendra Modi attend an event during the summit of Quad leaders in Tokyo, Japan, on May 24, 2022.
The perilous route of the Black Sea Grain Initiative. “Food exports under the Black Sea Grains Initiative have helped stabilize global food commodity markets and limit food price inflation, with knock-on benefits felt all around the world,” he said. “We are seeing positive impacts: seven consecutive months decline in food prices, though food prices remain at near-record levels. One warship was badly damaged in the pre-dawn raid by 16 drones, some of which were launched from the sea. Ukraine was the world’s seventh largest producer of wheat in 2020-2021 with 33 million tonnes, or about 9% of global exports.22 days ago Asia Times
Biden indicated the talks would be held at the highest levels. “We oppose any unilateral change in the status by either side and we are committed to maintaining peace and stability in the Taiwan Strait. “These meetings do not take place in isolation, they are part of a very sustained process,” one administration source was quoted as saying. Biden and Xi have held five phone or video calls since Biden became president in early 2021. So far more than 500 bulk carriers have used the vital humanitarian corridor.16 days ago Asia Times
Vietnam’s selection over more developed locations speaks volumes about the country’s rising importance in the semiconductor value chain. Yet the desire to enter the global semiconductor value chain lives on. Entry into the semiconductor value chain means tapping into a global market forecasted to reach US$1.4 trillion by 2029 with a 12% compounded annual growth rate. It maintains diplomatic neutrality amid geopolitical conflicts while gradually strengthening domestic capability in all three stages of the semiconductor value chain — chip design, front-end fabrication and back-end assembly and testing. Synopsys — a leader in chip design software — is shifting its investment and engineering training from China to Vietnam.15 days ago Asia Times
SEOUL (Kyodo) -- South Korean President Yoon Suk-yeol and former Japanese Prime Minister Taro Aso agreed Wednesday that more communication is necessary to improve bilateral ties. Local courts have since ordered some of the companies' assets in South Korea to be liquidated to compensate the plaintiffs. Based on the agreement, Japan provided South Korea with grants and loans in the name of economic cooperation. Although details remain undecided, Japan and South Korea are trying to resolve the dispute by the end of this year, according to the sources. Another veteran LDP lawmaker is also scheduled to visit South Korea as head of a cross-party group of lawmakers seeking friendly bilateral relations.29 days ago Nikkei Asia
Airshow China in Zhuhai (Nov. 8-13)The 14th installment of Airshow China takes place in the southern city of Zhuhai, Guangdong province, drawing both domestic and foreign manufacturers, including Airbus and General Electric. Participants will likely discuss geopolitical tensions in the South China Sea, the Taiwan Strait and the Korean Peninsula. Singles' DayChina's Singles' Day shopping blitz, the biggest shopping day in the world, concludes Friday. Nintendo Store opens in OsakaThree years after opening its first store in Tokyo, Nintendo will open its second outlet in Osaka. The new store in the Kansai region, which is home to the Kyoto-based company, will be the largest in Japan, about twice as large as the Tokyo store.25 days ago Nikkei Asia
Senior officials at Japan’s FSA look back at the last four and a half years in the fight against money laundering and terrorist financing in Japan. We completed the Fourth Mutual Evaluation of Japan by the FATF (Financial Action Task Force) and implemented the Government Action Plan. Given our role as a global financial center, strengthening AML measures is our international commitment and a significant international contribution by Japan. We must strengthen the measures against money laundering, terrorism financing, and proliferation financing in Japan. Given that the domestic and international risk landscape is changing dramatically, it is essential to analyze and understand the risks promptly and accurately.22 days ago Regulation Asia
Here are the latest developments:Thursday, Nov. 10 (Tokyo time)12:12 p.m. Russian President Vladimir Putin will not attend a gathering of leaders from the Group of 20 nations in Bali next week, an Indonesian government official told Reuters. A key part of the July package deal is also facilitating exports of Russian grain and fertilizer exports. Ukrainian President Volodymyr Zelenskyy has not made a decision on whether to attend the Group of 20 summit in Indonesia this month. "[Russian] President [Vladimir] Putin must stop weaponizing food and end his illegal war on Ukraine," NATO spokesperson Oana Lungescu says. In his latest indictment of the Western-led international order and its values, Russian President Vladimir Putin blames the West for the conflict over Ukraine.21 days ago Nikkei Asia