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Japan considers largest military spend since WWII to combat China

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Japan is setting up a new strategy team to coordinate policies in China and analyse Beijing’s movements.

The foreign ministry says the team will examine China’s plans in the medium to long term.

It follows last week’s visit to Japan by the US President.

The creation of the new team comes as President Xi Jinping is expected to maintain his helm of the ruling Communist Party, and as tensions between the US and China intensify.

Japan is considering doubling its arms spending to acquire first strike capability.

Japan has the third largest GDP in the world, though its military spending is far lower than China’s.

The country has had an unofficial policy since World War Two to spend no more than 1 per cent of its GDP on defence.

Japanese PM Fumio Kishida meets Pope Francis at the Vatican

Article nine of Japan’s constitution, authored by US occupation forces after the second world war, renounces war and forbids the country from using force to settle international disputes.

Japan’s location places it in an increasingly volatile security environment, flanked by China to its south, nuclear-armed North Korea to the west and Russia to its north. 

Experts say the world’s third-largest economy is reevaluating its approach to deterrence and showcasing itself as a reliable partner on the world stage.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Tech

Porn floods Twitter “China” search

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Twitter users have been finding it hard to search for information on the social media platform due to an explosion of pornographic spam.

While thousands of protests against extended lockdowns, a digital bot army has roared into action on Twitter, with long-dormant Chinese language accounts suddenly tweeting links to escort services and other adult content.

Anyone trying to track the spontaneous protest movement on Twitter complained about the deluge of spam pornographic content making flooding the search for information.

The China protests come at a time when Twitter’s content and moderation teams have been pared back drastically following Elon Musk’s $44 billion takeover of the social media giant.

Twitter, along with other international social media services like Facebook, Snapchat and Instagram, is blocked by Beijing’s internet censors within Mainland China.

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World

Biden silence on China protests

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As citizens across China revolt against the country’s “zero Covid” policy, the White House issued a statement about the growing protests.

“‘We’ve long said everyone has the right to peacefully protest, in the United States and around the world,’ a White House National Security Council spokesperson said in a statement.

‘This includes in the [People’s Republic of China.]’

“‘Zero COVID is not a policy we are pursuing here,’ the spokesperson said.

‘And as we’ve said, we think it’s going to be very difficult for the People’s Republic of China to be able to contain this virus through their zero COVID strategy.’”

Commentators have noted that the statement came from the White House, and not President Biden himself.

Demonstrators are calling on President Joe Biden to take a stance and publicly support their cause.

The protests have continued despite numerous attempts by the Chinese government to quell them.

 

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Business

China protests hit global markets, crypto

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Investor watches markets

The protests in China are having a negative impact on cryptocurrencies and markets around the world.

Bitcoin failed to break its descent and fell more than 3 percent.

The global crypto market cap fell over 2%, sending major cryptos into the red.

Over the last 24 hours, overall crypto market volume grew by 22%.

It comes amid a round of investor nervousness in global markets spurred by protests in China against Covid restrictions.

Protesters outraged by harsh COVID-19 regulations called for China’s strong leader to quit.

China is the world’s second-largest economy and has a significant impact on global financial markets.

Stocks and cryptos aren’t considered safe havens, leading to bearing price action.

Analysts are hoping for a sharp bullish reversal if and when the protests end.

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