At the India-Japan Economic Forum with PM Modi, Ishiba said Japan has boosted ‘Make in India’, adding that Japan’s technology and India’s talent can drive economic cooperation.
Japan is set to announce intent to double investment target to $68 bn. From defence co-production to economic security initiative, both nations look to deepen ties amid global turmoil.
Following a major defeat in last month’s upper house polls, PM Ishiba’s coalition faces pressure from opposition parties to raise spending and slash Japan’s sales tax.
With rising prices & immigration concerns threatening to weaken PM Shigeru Ishiba's grip on power, Japan's upper house election will be a tight contest.
The political uncertainty comes at a critical time for Japan, which must clinch a trade deal with the US before the 1 August deadline to avoid 25% tariffs.
Incumbent PM Ishiba's Liberal Democratic Party & its ally acquired 215 seats, while the main opposition party, the CDJP, won 148 seats. However, both sides fell short of a majority.
One of the most difficult tasks for Shigeru Ishiba, apart from keeping together the divided LDP, will be implementing his foreign policy ideas—if he chooses to pursue them.
Japan PM Shigeru Ishiba’s proposal for an Asian NATO stems from his belief that the absence of a collective defence alliance could lead to wars. It’s a step too far for India.
It’s a geopolitical game changer. US, now, has primacy over oil-producing allies and adversaries alike — whether it’s Saudi Arabia or Iran, Nigeria or Russia.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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