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TOKYO—Japan’s finance ministry plans to boost government bond issuance by $75 billion to fund an economic stimulus package, potentially stoking concerns about the nation’s fiscal health.
Prime Minister Sanae Takaichi’s cabinet on Friday approved a draft supplementary budget for the fiscal year ending March 2026 that is worth 18.303 trillion yen, or about $117.10 billion. The government now plans to issue an additional 11.696 trillion yen of bonds, including increases in issuance of two- and five-year notes.
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Megumi Fujikawa
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Taiwan is making the most of the U.S.’s policy of “strategic ambiguity,” even as President Trump’s stance raises concern for some in Taipei.
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Joyu Wang
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The fire spread at an astonishing pace.
It started Wednesday afternoon. When Ho Wai-ho and his fellow firefighters arrived at the scene about 10 minutes later, the blaze was already racing up the green netting and bamboo scaffolding covering the 31-story high rise.
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Yang Jie
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U.S. adversaries are using President Trump’s eagerness to strike deals as a chance to drive a wedge between the U.S. and its allies and undermine the Washington-led security order that has for years held them in check.
In Europe, Russia is seeking to exploit Trump’s desire to halt the war in Ukraine and strike business deals with Moscow by shaping a peace plan that meets many of its strategic objectives, including winning chunks of Ukrainian territory and closing off any hope Kyiv had of joining NATO.
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Jason Douglas
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Chinese leader Xi Jinping was angry, and President Trump was listening.
Days after Japanese Prime Minister Sanae Takaichi outraged China by suggesting a Chinese attack on Taiwan could mobilize a Tokyo military response, Xi spent half of an hourlong phone call with Trump, people briefed on the matter said, hammering home China’s historic claim to the democratic self-governing island as well as Washington and Beijing’s joint responsibility to manage the world order.
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[ad_2] Lingling Wei[ad_1]
Police in Hong Kong said three people have been arrested in connection with a fire that engulfed a housing complex and killed at least 36 people.
The three men were arrested for alleged manslaughter, a spokesperson for the Hong Kong Police Force said.
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Joseph Pisani
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In an unusual diplomatic move, Chinese leader Xi Jinping initiated a phone call with President Trump on Monday, discussing Taiwan and Ukraine as Washington, Kyiv and Moscow try to hammer out a plan to end the war.
China has provided crucial diplomatic and economic support to Russia since its 2022 invasion of Ukraine. Now as Trump pushes to make a decisive move to end the war, Beijing is seeking to play a more visible role.
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[ad_2] Lingling Wei[ad_1]
Workaholic Japanese Prime Minister Sanae Takaichi is riding high despite the perils of a fight with Beijing.
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Jason Douglas
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TOKYO—Japan’s cabinet has approved $135 billion of stimulus to help households cope with rising living costs and boost economic growth, launching the first fiscal salvo under new Prime Minister Sanae Takaichi.
The Takaichi administration on Friday signed off on the package totalling 21.3 trillion yen, equivalent to $135.27 billion.
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Megumi Fujikawa
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One of the biggest questions in global affairs is whether President Trump is chasing a grand bargain with Beijing’s Xi Jinping—and at what cost to the United States. So it’s good news that the Administration is showing that America won’t be bullied from defending its Pacific interests, with an arms sale to our friends in Taiwan.
The Defense Security Cooperation Agency has notified Congress of a $330 million potential arms sale for the island democracy. Items include spare parts for fighter jets and transport aircraft, as well as U.S. technical and logistics support. But more important than the details is that this marks the Administration’s first sale to Taiwan in Mr. Trump’s second term. Rumors had spread this year that Mr. Trump was withholding arms for Taiwan as he wooed Mr. Xi on a trade deal.
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The Editorial Board
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The Dutch government handed back control of semiconductor manufacturer Nexperia to its Chinese owner, moving toward resolving a spat that had blocked vital chip supply to the auto industry.
Dutch economic-affairs minister Vincent Karremans said Wednesday that the decision had been made in consultation with the Netherlands’ European and international partners and followed recent meetings with Chinese authorities.
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Adrià Calatayud
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The new nuclear race has begun. But unlike during the Cold War, the U.S. must prepare for two peer rivals rather than one—at a time when it has lost its clear industrial and economic edge.
China, which long possessed just a small nuclear force, is catching up fast, while Russia is developing a variety of new-generation systems aimed at American cities.
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Yaroslav Trofimov
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Beijing is furious with the Japanese prime minister after she said Japan would defend itself if China moved to seize the island.
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Jason Douglas
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The U.S. is falling behind China in one of the defining technologies of the modern battlefield.
Drones have proven indispensable in conflicts like Ukraine, where troops rely on them to destroy tanks, lay mines, evacuate wounded fighters, and deliver food and medication. Advances in artificial intelligence increasingly allow unmanned systems to operate with minimal human direction, such as tracking and attacking targets on their own.
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Jason French
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