Kim Jong-un doubled down and conducted his second missile launch in less than a week. The first missile was detected at 5.06, followed by another at 5.27. The two were shot from a transporter-erector-launcher (TEL) vehicle at a point near Wonsan port, on the east coast of the peninsula, the same area where last week’s missiles were fired. The projectiles were similar to those of the last week, according to a General Staff statement, which added that “the successive launches by North Korea do not lead to reduce tensions and we urge you to stop them.”
Japan’s ruling center-right coalition retained control in upper house elections on Sunday, but lost seats in the process. Prime Minister Shinzo Abe’s Liberal Democrats took the worst of it, losing more than a dozen seats. His junior coalition partners, the Komeito Party, and allied Japan Innovation Party actually made small gains. Abe remains well-positioned to deal with several domestic and foreign policy issues before his House of Representatives comes up again in 2021. However, his forces lost their two-thirds majority in the House of Councillors, scuttling a debate, for now, on the role of the military in pacifist Japan.
The Japanese police were trying to elucidate Friday the motive of the suspect in the aftermath of a terrible fire that killed 33 people in an animation studio in Kyoto. Witnesses described scenes of hell. The tragedy stirred up excitement in Japan and beyond, with fans around the world sending online messages of support to Kyoto Animation which produces successful cartoons.
Nineteen countries are meeting this Friday and Saturday in Osaka, Japan, for the G20. “Welcome to Osaka,” said Shinzo Abe, Japan Prime Minister, who hosts the G20 on Friday and Saturday.
“Together, I hope we will achieve a beautiful harmony in Osaka,” he said in reference to the meaning of “Reiwa,” the name of this new era. Flanked on one side by President Trump, on the other side of Chinese President Xi Jinping, the two great rivals of the moment, Shinzo Abe called for “finding common ground rather than highlighting the clashes.” “We have time” to resolve the tensions.
When it comes to wellness and health, look no further than the Japanese to bring the most unique offerings to the table. Matcha, a variant of green tea with its roots in ancient Japan, is chock full of antioxidants, catechins, polyphenols, and other beneficial health-boosting compounds.
- Fears about a no-deal Brexit and a growing rift over Italy’s budget are putting pressure on the euro and the pound. Rising global uncertainty and a widening U.S. yield differential with other economies provide support.
- The Eurozone economy grew at its weakest pace in more than four years during the third quarter as the public mood darkened. It takes time to see a potential impact given the manufacturing process takes rather a long time until new goods are imported and exported.
- China just reported its weakest quarterly growth since the depths of the global financial crisis in early 2009. “We think more easing will still be needed in order to stabilize growth,” says a senior economist who watches China.
- In Japan the pace of retail sales have slowed from the prior month. Trade data showed an unexpected drop in exports in September, raising the specter of a marked moderation in economic growth.
- Weaker-than-expected growth in South Korea’s economy is raising fresh questions about a second-straight quarterly decline in corporate capital investment and a sharp drop in hiring are evidence that the economy is losing steam.