Tag

Japan

Feature | Debts

Financing: Why African countries want to convert debt into yuan

Kenya wants to convert part of its US dollar debt into Chinese yuan. Other African countries could also turn away from the US dollar in their debt policy. US President Donald Trump's policies are reinforcing the trend.

By Julian Hilgers

Japan is experiencing significant developments: Prime Minister Kishida introduces tax cuts and fights corruption scandals. A recent earthquake in Ishikawa is a reminder of seismic risks. Internationally, Japan strengthens its security partnerships with the USA and South Korea. Emperor Naruhito plans a state visit to the UK. Read the latest Japan news from the Table.Briefings editorial team. Which current Japan news is of major importance? There are currently several significant news items from Japan: These topics are of great importance in June 2024 and reflect Japan's diverse challenges and activities. What is the current political situation in Japan? The current political situation in Japan is characterized by several challenges and reform efforts. Prime Minister Fumio Kishida is under pressure due to a widespread corruption scandal within his Liberal Democratic Party (LDP). This scandal, which involves illegally collected political funds, has led to a significant loss of trust among the population and caused support for Kishida to drop to around 20% (The Diplomat). Despite these difficulties, Kishida has taken steps to restore public confidence. These include the dismissal of several cabinet ministers and the introduction of anti-corruption reform measures. Kishida has also announced a tax relief of 40,000 yen per person to mitigate the impact of inflation on households. This measure is part of a more comprehensive economic relief package. At international level, Japan continues to pursue an active foreign policy. The country plays a key role in regional and global trade agreements and is committed to promoting the free flow of data and sustainable development. Japan seeks to act as a bridge between various global actors and to moderate conflicts, taking advantage of its geopolitical neutrality and historical neutrality (World Economic Forum). Overall, the Japanese government faces a complex mix of internal political challenges and an active role on the global stage, with Prime Minister Kishida seeking to restore political stability and public confidence through reforms and economic measures. What is the historical and current connection between Germany and Japan? The historical connection between Germany and Japan dates back to the 19th century, when both countries began to deepen their diplomatic and economic ties. Especially during World War II, Germany and Japan were allied as Axis powers. Today, relations are characterized by close economic cooperation and cultural exchange. Both countries are important trading partners and work closely together in areas such as technology, the automotive industry and science. There are also many bilateral programmes and organizations that promote cultural exchange. What role does the Emperor play in Japanese politics and society? The Emperor of Japan plays a predominantly ceremonial role in politics and society. Since the post-war constitution of 1947, the Emperor no longer has any political power and acts as a symbol of the state and the unity of the people. He performs duties such as opening parliament, appointing the prime minister and other officials and participating in cultural and religious ceremonies. Socially, the Emperor enjoys great esteem and respect, which is reflected in the numerous public appearances and traditional events he attends. What is Japan's economy based on? Japan's economy is based on several key sectors: