Japan's economy may emerge from recession later this year, though a recovery "will lack momentum," the central bank said. "Japan's economy is expected to stop deteriorating toward the latter half of this fiscal year, but the anticipated recovery isn't likely to gain much momentum" central bank policy makers said in a twice-yearly economic report. "It's expected to take a significant time before the export and production recovery spreads to the broader economy." The forecasts for gross domestic product by the nine members of the central bank policy-setting board ranged from a decline of 0.5 percent to 0.1 percent growth in the fiscal year to March 31, 2003. That's an improvement from six months ago, when the board's forecasts ranged from a 1.1 percent contraction to 0.1 percent growth.
CROSS-STRAIT COLLABORATION: The new KMT chairwoman expressed interest in meeting the Chinese president from the start, but she’ll have to pay to get in Beijing allegedly agreed to let Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) meet with Chinese President Xi Jinping (習近平) around the Lunar New Year holiday next year on three conditions, including that the KMT block Taiwan’s arms purchases, a source said yesterday. Cheng has expressed interest in meeting Xi since she won the KMT’s chairmanship election in October. A source, speaking on condition of anonymity, said a consensus on a meeting was allegedly reached after two KMT vice chairmen visited China’s Taiwan Affairs Office Director Song Tao (宋濤) in China last month. Beijing allegedly gave the KMT three conditions it had to
STAYING ALERT: China this week deployed its largest maritime show of force to date in the region, prompting concern in Taipei and Tokyo, which Beijing has brushed off Deterring conflict over Taiwan is a priority, the White House said in its National Security Strategy published yesterday, which also called on Japan and South Korea to increase their defense spending to help protect the first island chain. Taiwan is strategically positioned between Northeast and Southeast Asia, and provides direct access to the second island chain, with one-third of global shipping passing through the South China Sea, the report said. Given the implications for the US economy, along with Taiwan’s dominance in semiconductors, “deterring a conflict over Taiwan, ideally by preserving military overmatch, is a priority,” it said. However, the strategy also reiterated
‘BALANCE OF POWER’: Hegseth said that the US did not want to ‘strangle’ China, but to ensure that none of Washington’s allies would be vulnerable to military aggression Washington has no intention of changing the “status quo” in the Taiwan Strait, US Secretary of Defense Pete Hegseth said on Saturday, adding that one of the US military’s main priorities is to deter China “through strength, not through confrontation.” Speaking at the annual Reagan National Defense Forum in Simi Valley, California, Hegseth outlined the US Department of Defense’s priorities under US President Donald Trump. “First, defending the US homeland and our hemisphere. Second, deterring China through strength, not confrontation. Third, increased burden sharing for us, allies and partners. And fourth, supercharging the US defense industrial base,” he said. US-China relations under
FRAUD ISSUES: The app meets none of Taiwan’s 15 cybersecurity standards, and in the past year, about 1,706 fraud cases have been identified on it The Ministry of the Interior yesterday ordered Taiwanese Internet service providers (ISPs) to block access to Chinese social media app Xiaohongshu (小紅書, also known as RedNote in English) for a year, after detecting hundreds of instances of fraud on the platform. The ISPs have been instructed to block access to the app to its more than 3 million users in Taiwan, effective immediately, Deputy Minister of the Interior Ma Shih-yuan (馬士元) told a news conference at the National Police Agency’s Fraud Prevention Center. The order is being implemented via protocols governing domain name system (DNS) response policy zones, he said. Xiaohongshu meets none
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