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New Japanese PM Suga seeks to strengthen alliance with US and support stable ties with China & Russia

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Japan’s new prime minister, Yoshihide Suga, has pledged to pursue policies that will beef-up his country’s alliance with the US, and expressed hope that Tokyo will establish stable relations with both China and Russia.

Suga made the statements during his first news conference as PM after being sworn in earlier on Wednesday as the successor to Shinzo Abe, who resigned after nearly eight years in office due to ill health. Suga had served under him as chief cabinet secretary, acting also as top government spokesman.

The new prime minister, who said he would stick with the ‘Abenomics’ growth policies while pushing reforms including deregulation, retained about half of his predecessor’s cabinet line-up.

On the diplomatic front, Suga, 71, said that the Japan-US alliance will remain the foundation of foreign policy. US President Donald Trump welcomed Suga’s inauguration, the White House said on Wednesday, and looks forward to working with him to continue pursuing “the vision of a free and open Indo-Pacific.”




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Shinzo Abe was an important world leader and leaves big shoes to fill



Suga made a three-day visit to Washington in May last year to discuss North Korea with Vice President Mike Pence and Secretary of State Mike Pompeo. His second overseas trip as top government spokesman was to Guam in 2015, to discuss the planned transfer of some of the US Marines stationed in Okinawa. The talks were held amid wrangling with local residents of the southernmost Japanese prefecture over a controversial plan to relocate a key US base there.

During a ruling party election debate on Saturday, Suga paid tribute to Abe

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Ren Zhiqiang: Outspoken ex-real estate tycoon gets 18 years jail

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A picture made available on 29 February 2016 shows Ren ZhiqiangImage copyright
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Ren Zhiqiang went missing in March this year after an essay about China’s handling of the virus

A former real estate tycoon and an outspoken critic of China’s President Xi Jinping has been sentenced to 18 years in jail on charges of corruption.

A court in Beijing found Ren Zhiqiang “guilty of corruption, bribery and embezzlement of public funds”, said state media outlet the Global Times.

He will also have to pay a fine of 4.2m yuan (£482,950;$620,000).

Ren went missing in March this year shortly after writing an essay said to be critical of President Xi.

Although it did not directly name President Xi, it was widely believed to be about him.

The Beijing No 2 Intermediate People’s Court said Ren had accepted bribes worth 1.25m and embezzled almost 50m yuan.

He is said to have “voluntarily” confessed to all charges and will not appeal against the decision.

The former chairman of the Hua Yuan Property Company was not merely a business tycoon. The son of a ministry official, he was also known to have close ties with senior party leaders and was in a position from which his criticisms of the party would be particularly potent.

Rights groups have consistently accused China of using corruption charges as a way to clamp down on dissent.

‘Anti-Communist Party’ thoughts

Ren’s sharply critical essay had been about Beijing’s handling of th

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Nascar: Michael Jordan and Denny Hamlin form Cup Series team with Bubba Wallace as driver

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Bubba Wallace picks up his race helmet
Bubba Wallace is Nascar’s sole full-time black driver

Basketball legend Michael Jordan and three-time Daytona 500 winner Denny Hamlin have formed a single-car Nascar Cup Series team, with Bubba Wallace as their driver.

Wallace is Nascar’s sole black full-time driver while Jordan is the second black team owner at its elite level.

Earlier this year, Wallace successfully campaigned to get the Confederate flag banned from Nascar races.

Six-time NBA champion Jordan said the team would “educate a new audience”.

The 57-year-old added it would also “open more opportunities for black people in racing”.

“Historically, Nascar has struggled with diversity and there have been few black owners,” Jordan said. “The timing seemed perfect as Nascar is evolving and embracing social change more and more.”

In June, it was feared Wallace, 26, had been subject to a racial attack when a noose was found in his garage stall at Talladega Superspeedway in Alabama.

An FBI investigation concluded it was actually a handle on a garage door and had been there since the previous year.

On joining Jordan and Hamlin’s team, Wallace said: “This is a unique, once-in-a-lifetime opportunity that I believe is a great fit for me at this point in my career.”

Hamlin, 39, will be a minority partner in the team while he continues to drive for Joe Gibbs Racing.

The team will start racing in 2021 with their name, car number, manufacturer and sponsors to be announced in due course.

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Asian stock markets continue the global fallout

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The biggest faller in the region was the Australian shares which hit a three-month low.Image copyright
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Stock markets in Asia suffered on Tuesday from the fallout from UK and US investors worried about a rise in coronavirus cases.

The biggest falls in the region were recorded in Australia, where shares hit a three-month low.

Investors have also been rattled by dimming hopes for more financial support for the US economy.

Stock markets fell across South Korea, Hong Kong and China, while Japan was closed for a public holiday.

On Monday, UK and US stock markets suffered heavy losses over fears that a renewed rise in coronavirus cases will blight economic prospects.

More than £50bn was wiped off UK shares, and caused similar falls across European and US stock markets.

The negative sentiment spread into Asia, which has previously been the focus of optimism from China’s continued economic recovery.

Australian shares were dragged to their lowest level since mid-June, under pressure by its mining and energy stocks.

Major mining firms BHP Group and Rio Tinto both fell around 2%.

Multiple tensions

“The biggest issue for local markets is how the battle for tech sector super dominance plays out between the US and China, which is getting viewed through the lens of the ByteDance /Oracle -Walmart d

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