Former Japanese finance minister Naoto Kan became Japan’s new leader yesterday, pledging economic recovery and close ties with Washington after his predecessor quit over a festering dispute about a US air base.
A parliamentary vote confirmed Kan as the successor to Yukio Hatoyama, who tearfully resigned as Japanese prime minister on Wednesday, citing the row over the base on Japan’s Okinawa island and money scandals that sullied his government.
Kan, a former leftist activist, is Japan’s fifth prime minister in four years, and the first in more than a decade who does not hail from a political dynasty.
PHOTO: AFP
The 63-year-old previously served as finance minister and deputy prime minister in Hatoyama’s center-left government, which came to power last year in a landslide election, ending half a century of almost non-stop conservative rule.
“My first job is to rebuild the country, and to create a party in which all members can stand up together and say with confidence: ‘We can do it,’” a smiling Kan said after his party earlier installed him as its new leader.
Kan vowed to revitalize Asia’s biggest economy, which has been in the doldrums since an investment bubble collapsed in the early 1990s.
“For the past 20 years, the Japanese economy has been at a standstill,” Kan said. “Growth has stopped. Young people can’t find jobs. This is not a natural phenomenon. It resulted from policy mistakes.”
“I believe we can achieve a strong economy, strong finances and strong social welfare all at the same time,” he said, pledging to reduce Japan’s huge public debt, which is nearing 200 percent of GDP.
On foreign policy, Kan pointed at the threat posed by North Korea, the isolated and nuclear-armed regime that has been blamed for the deadly sinking of a South Korean warship in March.
“Japan has a lot of problems, including the North Korean issue,” said Kan, adding that US-Japanese ties remain the “cornerstone” of foreign policy after Hatoyama badly strained relations with Washington over the base issue.
He also said he would maintain Japan’s goal to cut greenhouse gas emissions by 25 percent from 1990 levels by 2020, one of the most ambitious targets of any country, and to seek an EU-style Asian community in the future.
It was not clear whether Kan would stick with the expected July 11 date of upper house elections or delay the vote, in which his coalition will fight to keep its wafer-thin majority.
PROVOCATIVE: Chinese Deputy Ambassador to the UN Sun Lei accused Japan of sending military vessels to deliberately provoke tensions in the Taiwan Strait China denounced remarks by Japan and the EU about the South China Sea at a UN Security Council meeting on Monday, and accused Tokyo of provocative behavior in the Taiwan Strait and planning military expansion. Ayano Kunimitsu, a Japanese vice foreign minister, told the Council meeting on maritime security that Tokyo was seriously concerned about the situation in the East China and South China seas, and reiterated Japan’s opposition to any attempt to change the “status quo” by force, and obstruction of freedom of navigation and overflight. Stavros Lambrinidis, head of the EU delegation to the UN, also highlighted South China Sea
The final batch of 28 M1A2T Abrams tanks purchased from the US arrived at Taipei Port last night and were transported to the Armor Training Command in Hsinchu County’s Hukou Township (湖口), completing the military’s multi-year procurement of 108 of the tanks. Starting at 12:10am today, reporters observed more than a dozen civilian flatbed trailers departing from Taipei Port, each carrying an M1A2T tank covered with black waterproof tarps. Escorted by military vehicles, the convoy traveled via the West Coast Expressway to the Armor Training Command, with police implementing traffic control. The army operates about 1,000 tanks, including CM-11 Brave Tiger
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, said it expects its 2-nanometer (2nm) chip capacity to grow at a compound annual rate of 70 percent from this year to 2028. The projection comes as five fabs begin volume production of 2-nanometer chips this year — two in Hsinchu and three in Kaohsiung — TSMC senior vice president and deputy cochief operating officer Cliff Hou (侯永清) said at the company’s annual technology symposium in Silicon Valley, California, last week. Output in the first year of 2-nanometer production, which began in the fourth quarter of last year, is expected to
Taiwan’s drone exports surged past US$100 million in the first quarter, exceeding last year’s full-year total, with the Czech Republic emerging as the largest buyer, the Ministry of Economic Affairs said. Exports of complete drones reached US$115.85 million in the period, about 1.2 times the total recorded for all of last year, the ministry said in a report. Exports to the Czech Republic accounted for about US$100 million, far outpacing other markets. Poland, last year’s top destination, recorded about US$11.75 million in the first quarter. Taiwan’s drone exports have expanded rapidly in the past few years, with last year’s total