Japan is offering financial incentives to its companies willing to divest from China. Tokyo has "offered a group of 87 companies subsidies totaling US$653 million to expand production at home and in Southeast Asia," Hong Kong newspaper the South China Morning Post reported on Wednesday. China is getting increasingly worried "as Japan bankrolls exodus of firms," the daily added.
"graduates had the experience of walking across the stage and accepting their diplomas"...
Abe is set to arrive Tuesday at Trump’s winter resort in Palm Beach, Fla., for two days of meetings as concerns mount in Tokyo that Trump’s risky diplomatic gambit with Kim Jong Un could undermine Japan’s security. Abe also was blindsided by Trump’s decision not to grant Japan a waiver on new steel and aluminum tariffs, as he did for other U.S. allies and partners.
South Korea's Yonhap News Agency, which first reported the launch, said the missile "flew eastward from the vicinity of Pyongyang" toward the Sea of Japan, according to South Korean military officials. The missile launch happened around 3 a.m. in North Korea. South Korea’s military had reportedly staged a “precision strike” missile exercise in response.
Speaking at the United Nations before a working lunch with Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in, two key allies in the region, Trump said the order would significantly expand the U.S.’s ability to crack down on individuals and companies that do business with North Korea. The president said he had empowered the Treasury Department to “target any individual or entity that conducts trade in goods, services or technology” with North Korea.
The missile flew about 3,700 kilometers (2,300 miles) and reached an altitude of 770 kilometers (480) miles. It landed in the Pacific Ocean, South Korea said.
Moon, who was declared the winner on Tuesday of the presidential election, said he will "sincerely negotiate" with the United States, South Korea's chief ally, and China, South Korea's top trading partner, over the contentious deployment of the US anti-missile system THAAD.
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