G7 leaders yesterday agreed on the need to send a strong message on maritime claims in the western Pacific, where an increasingly assertive China is locked in territorial disputes with Japan and several Southeast Asian nations.
The agreement prompted a sharp rejoinder from China, which is not in the G7 club, but whose rise as a power has put it at the heart of some discussions at the advanced nations’ summit in Ise-Shima.
“Prime Minister [Shinzo] Abe led discussion on the current situation in the South China Sea and East China Sea. Other G7 leaders said it is necessary for G7 to issue a clear signal,” Japanese Deputy Chief Cabinet Secretary Hiroshige Seko told reporters after a session on foreign policy affairs.
Photo: Reuters
However, in Beijing, Chinese Ministry of Foreign Affairs spokeswoman Hua Chunying (華春瑩) said that the South China Sea issue had “nothing to do” with the G7 or any of its members.
“China is resolutely opposed to individual countries hyping up the South China Sea for personal gain,” she said.
US President Barack Obama yesterday pointed to the risks from North Korea’s nuclear and missile programs, saying the isolated state was “hell bent” on getting atomic weapons, but there had been improved responses from countries in the region like China that could reduce the risk of the North selling weapons or nuclear material.
“It’s something that we’ve put at the center of discussions and negotiations with China,” Obama told reporters.
The global economy topped the agenda earlier in the day, when G7 leaders voiced concern about emerging economies and Abe made a pointed comparison to the 2008 global financial crisis. Not all his G7 partners appeared to agree.
The G7 leaders did agree on the need for flexible spending to spur world growth, but the timing and amount depended on each country, Seko told reporters, adding some countries saw no need for such spending.
Britain and Germany have been resisting calls for fiscal stimulus.
“G7 leaders voiced the view that emerging economies are in a severe situation, although there were views that the current economic situation is not a crisis,” Seko said.
Abe presented data showing global commodities prices fell 55 percent from June 2014 to January this year, the same margin as from July 2008 to February 2009, after the Lehman collapse.
Lehman had been Wall Street’s fourth-largest investment bank when it filed for Chapter 11 protection on Sept. 15, 2008, making its bankruptcy by far the biggest in US history. Its failure triggered the global financial crisis.
Abe hopes, some political insiders say, to use a G7 statement on the global economy as cover for a domestic fiscal package including the possible delay of a rise in the nation’s sales tax to 10 percent from 8 percent planned for April next year.
Obama also ripped into Republican presidential hopeful Donald Trump, saying the billionaire had rattled other G7 leaders and that his statements were aimed at getting headlines, not what was needed to keep the US safe and the world on an even keel.
Summit pageantry began when Abe escorted G7 leaders to the Shinto religion’s holiest site, the Ise Grand Shrine in central Japan, dedicated to sun goddess Amaterasu Omikami, mythical ancestress of the Japanese emperor.
South Korea has adjusted its electronic arrival card system to no longer list Taiwan as a part of China, a move that the Ministry of Foreign Affairs said would help facilitate exchanges between the two sides. South Korea previously listed “Taiwan” as “Taiwan (China)” in the drop-down menus of its online arrival card system, where people had to fill out where they came from and their next destination. The ministry had requested South Korea make a revision and said it would change South Korea’s name on Taiwan’s online immigration system from “Republic of Korea” to “Korea (South),” should the issue not be
The Legislative Yuan’s Finance Committee yesterday approved proposed amendments to the Amusement Tax Act (娛樂稅法) that would abolish taxes on films, cultural activities and competitive sporting events, retaining the fee only for dance halls and golf courses. The proposed changes would set the maximum tax rate for dance halls and golf courses at 50 and 20 percent respectively, with local governments authorized to suspend the levies. Article 2 of the act says that “amusement tax shall be levied on tickets sold or fees charged by amusement places, facilities or activities” in six categories: “Cinema; professional singing, story-telling, dancing, circus, magic show, acrobatics
Tainan, Taipei and New Taipei City recorded the highest fines nationwide for illegal accommodations in the first quarter of this year, with fines issued in the three cities each exceeding NT$7 million (US$220,639), Tourism Administration data showed. Among them, Taipei had the highest number of illegal short-term rental units, with 410. There were 3,280 legally registered hotels nationwide in the first quarter, down by 14 properties, or 0.43 percent, from a year earlier, likely indicating operators exiting the market, the agency said. However, the number of unregistered properties rose to 1,174, including 314 illegal hotels and 860 illegal short-term rental
INFLATION UP? The IMF said CPI would increase to 1.5 percent this year, while the DGBAS projected it would rise to 1.68 percent, with GDP per capita of US$44,181 The IMF projected Taiwan’s real GDP would grow 5.2 percent this year, up from its 2.1 percent outlook in January, despite fears of global economic disruptions sparked by the US-Iran conflict. Taiwan’s consumer price index (CPI) is projected to increase to 1.5 percent, while unemployment would be 3.4 percent, roughly in line with estimates for Asia as a whole, the international body wrote in its Global Economic Outlook Report published in the US on Monday. The figures are comparatively better than the IMF outlook for the rest of the world, which pegged real GDP growth at 3.1 percent, down from 3.3 percent