No need for an Asian NATO to counter China – Asia Times

The 1975-founded Pacific Forum, a research academy for international legislation in Honolulu, was the first to publish this article. It is republished with authority.

Last year, NATO’s 75th commemoration summit was held in Washington with the heads of state gathering there. While mountain deliverables were repetitive, China had a remarkably key role in summit deliberations.

NATO’s leading priority was the Asian power, who was frequently criticized for its bombastic behavior in the East and South China Seas, its strategic collaboration with Russia, and its repeated criticism of the so-called rules-based international order.

” The People’s Republic of China’s expressed interests and coercive laws continue to challenge our passions, security and beliefs”, NATO stressed in its joint statement.

NATO’s invitation to the Indo-Pacific Four ( IP4 ) grouping of Australia, Japan, New Zealand and South Korea for a third consecutive year demonstrated the organization’s intent to increase coordination and collaboration with Asian powers on China.

The connotation was undoubtedly present, even though the administration of the United States and NATO did not specifically refer to the meetings as a counter-China work.

Europe and East Asia — one area?

Researchers and leaders in increasing numbers have made the case that Europe cannot be separated from East Asia, and vice versa. According to logic, a safety issue in the South China Sea may have a negative impact on Europe’s financial health, and a regular conflict in Europe might enable China to use its advantage while the West finds itself distracted.

There is a clear understanding that the two venues are linked, according to US Secretary of State Antony Blinken on July 1.

Fumio Kishida, the prime minister of Japan, has been a staunch supporter of the connection concept, arguing that “Ukraine now may be the East Asia of tomorrow.” This is n’t altogether false. Russian President Vladimir Putin’s attend to North Korea in June, his second in almost a quarter-century, has security implications for both Europe and East Asia.

In the event that either country experiences an act of aggression, Putin’s and Kim Jong Un’s fresh comprehensive strategic collaboration agreement, which improves diplomatic relations, strengthens trade ties, and offers common assistance, could only add to the Ukrainian and Korean Peninsula’s current security issues.

Russia’s supposed assistance to North Korea in satellite systems and North Korea’s supply of weapons to Russia make up a lose-lose situation for countries like Germany, Poland, Ukraine, Japan, and South Korea.

By combining tools and strengthening conversation on problems of expressed concern, the United States and its allies in Europe and Asia have attempted to mitigate these risks. Cooperation tends to revolve around diplomatic and mini-lateral compositions.

In 2023, the United Kingdom and Japan signed a Reciprocal Access Agreement that establishes rules for the UK government and the Chinese Self-Defense Forces to travel to one another’s nations for joint exercises and coaching. Japan and France are working on a similar contract.

Both as a present of handle for China and as a result of the fact that Europe’s nations have a vested interest in preserving freedom of navigation, Germany and France have deployed their naval and air troops to the Indo-Pacific. Berlin sent its first ship to the South China Sea in almost 20 years in 2023.

The United States, however, is correcting multilateral naval training with Japan and South Korea, and with Japan and the Philippines, to improve connectivity among their individual causes.

NATO has never been far from the discussion. While Australia, Japan, New Zealand and South Korea all have long-standing ties with the intercontinental empire, those were often seen as more metaphorical than substantial. They were undoubtedly created with a particular hostile nation in thinking.

No more. In mountain communications, NATO is then making explicit references to China. The empire stated in its 2019 statement that” China’s growing impact and global policies provide both opportunities and challenges that we need to solve together as an empire.”

The language is noticeably tougher in NATO’s 2022 Strategic Concept, highlighting China’s confrontational rhetoric, “malicious hybrid and cyber operations” and exploitation of economic leverage over smaller states.

In the present, it seems to me that NATO, which was created in the first stages of the Cold War to protect Western Europe from the Soviet Union, should be repurposed to combat China or at least play a part in it. James Stavridis, the former Supreme Allied Commander, has even suggested integrating Australia, South Korea, and Japan into the alliance.

Costs and consequences

It is not a sufficient reason to move NATO out of the area because NATO’s rivals and allies are increasingly making common cause with one another. NATO has participated in missions outside the European theater, including leading a bombing campaign in Libya and leading an Afghan army training operation in Iraq.

However, the alliance would experience internal difficulties and additional security issues that NATO and its Asian partners want to address by institutionalizing its relationship with IP4 nations or by transforming it into an Indo-Pacific security guarantor.

First, the divisions at NATO: At the moment, there is no consensus on expanding NATO’s scope to include Asia, especially with the explicit goal of containing China. There are a variety of reasons why NATO members avoid it.

The opposition of French President Emmanuel Macron is motivated by concerns that integrating Asian security issues into NATO’s official duties would undermine the alliance’s long-standing commitment to deterrence in Europe.

Even though it may seem implausible, France, especially under Macron, does n’t want to burn bridges with China or take any steps to increase the possibility of a direct military conflict with China. Macron vetoed the opening of a NATO liaison office in Tokyo last year because of these concerns.

For Germany, the issue has less to do with promoting Indo-Pacific security per se and more about preserving Berlin’s €250 billion ($ 274 billion ) trade relationship with China, Germany’s largest trading partner for the last eight years.

Any attempt to break up the alliance will likely be blocked by Budapest out of self-interest because Hungary is strengthening its ties with China.

Second, it’s unclear whether NATO members have the hard power, platforms, and capability to significantly increase deterrence in Asia outside of the United States and perhaps the United Kingdom. The defense sector of Europe is underdeveloped, with the majority of production going to a continent-wide land war that wo n’t end in the near future.

France has obligations in the Pacific, but its overseas territories are thousands of miles from the First Island Chain, making them unsuitable for use in a crisis of war.

Given Berlin’s three consecutive decades of defense cuts, the most notable offerings that Germany could make are the sporadic freedom-of-navigation exercises in the region’s key choke points.

Third, China, Russia and North Korea wo n’t sit by passively in the event of a more Asia-focused NATO. To maintain a favorable balance of power in the area, all three are likely to respond.

China has long expressed concern that NATO’s urging will support US dominance in East Asia, strategically hem China, and undermine what Chinese leaders believe is the PRC’s legitimate place in international politics. In this scenario, China might want to activate its” no limits” partnership with Russia to make it a critical counterweight.

Joint Russian-China military exercises would grow and be more frequent, and any attempt to sever a gap between the two would be lost. China might even reconsider its current opposition to a formal trilateral alliance with Russia and North Korea if only to show that their actions have consequences.

None of this would be welcomed by Southeast Asian countries, which have repeatedly warned of the dangers of the region’s further militarization.

Conclusion

The United States, Canada, and other European allies should maintain the North Atlantic military force in the North Atlantic region of responsibility rather than placing Asia on the NATO agenda.

Without extra-territorial alliances that are heavily dependent on US military power, the top US, Canadian, and European priorities in Asia are maintaining an adequate balance of power with China and preventing a war that would result in significant casualties and trillions of dollars in lost global revenue.

The United States and European countries should leverage bilateral relationships with various East Asian nations like Japan, the Philippines, South Korea, Vietnam, and Indonesia, who are all modernizing their own militaries to defend their prerogatives against a militarily superior China, in order to accomplish this with the least risk.

A foreign military bloc is not necessary to explain why maintaining a stable balance of power in Asia is desirable.

Daniel R. DePetris&nbsp, ( dan. [email protected] ) &nbsp, is a fellow at Defense Priorities, a foreign policy think tank based in Washington, DC.

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Can Kamala Harris beat Donald Trump? – Asia Times

If an article has a problem level in its title, it indicates that the author does not know the answer, according to a pretty common wisdom of news. As an editor, I often found this desire maddening, though not always unexpected.

The question mark is, nevertheless, justified when making decisions about an American presidential poll that is still more than 100 days apart and about a member who has only had four days to make an impact.

What we can do at this early period in what is now a Harris-Trump challenge is to identify strengths and weaknesses, perils and options.

In opinion polls, it is obvious that Harris performed much with responders than Biden before Biden’s departure, but no significantly. However, two limitations have to be applied to those elections. The first is that when the fictional became real, questions about speculative pairings never proved to be reliable indicators.

The next, which would have applied to Biden-Trump, also, is that, in the nature of things, most American citizens do not think critically about which selection they will produce until after Labor Day in early September, if next.

For Biden-Trump, however, there was a caveat against that caveat: since this was to be a re-run of 2020, voters probably presently knew everything they were always going to know — or want to know — about those two candidates, but judgments recorded in June or July might have been more durable than for earlier campaigns.

And the most important thing they knew about Biden was that he was 81 years old and showing symptoms of his time.

So a key question may be whether Kamala Harris ‘ voters now feel they are aware of everything they need to know about her, especially given that she has been her vice president for three and a half years, or whether they can get influenced by her plan to change their opinion of her. Two popular accusations are made against her: she failed to win the Democrat Party primary in 2020 and failed to win a vice president position.

Neither charge is conclusive: Plenty of subsequent winners failed in their early attempts at winning nominations, including Ronald Reagan ( twice ) and Joe Biden himself ( also twice ). It is not at all surprising or unusual that she has n’t played a leading role since taking office in January 2021 because they always act in the shadow of their presidents. However, her current job is to demonstrate that she can be a star when she occupies the forefront of the social scene.

As a result, she will do so with both the advantages and disadvantages of presidency. It is advantageous because the Biden-Harris administration’s financial history is far superior to that of the Trump-Pence administration that came before it.

Yes, there has been prices, which has diluted the feel-good element, but 15 million jobs have been created since January 2021, whereas from 2017-2020 America suffered a net loss of 2.9 million. Given the Covid crisis from 2020 to 2020, there is always room for debate about who was in charge of those figures, but occupants always have the right to take credit for what transpires under their control, whether or not it is appropriate.

Harris can destroy the situation by putting forth a strong argument about how poorly Americans fared under Trump in terms of their own financial circumstances and prospects. For he, too, is a sort of former: His president is current enough to be a strong storage for most people.

A potential drawback of Harris ‘ appointment is that it makes it more difficult for her to instill a distinct perspective on what a Harris presidency might be, specifically distinguished from what a Biden presidency would have been like.

She does, however, have some great opportunities to create some uniqueness. The first will be made when she chooses a vice-presidential prospect, which will inform voters about her potential role as manager and general personality.

The second will be included with every discourse today and starting on August 19th at the Democratic National Convention in Chicago, when she can switch up the focus from Joe Biden’s. She may be tougher about her desire to reinstate abortion right, for example, and she can get tougher about Israel’s actions in Gaza, which will give some insight into her approach to international affairs.

Most of all, but, this election is not likely to be a challenge of policy thoughts but quite a challenge of stories. All national elections are similar in some way, but this one will be even more so because both parties are keen to make the two candidates ‘ campaigns stand out from the crowd.

The idea that Trump will want to make the most of is that this election is a decision between the strong, he, and the poor, ie Harris, is the dominant tale. He currently has a very muscular theme, but he will want to use it to frighten Americans and undermine their security during a Harris presidency.

The idea that this election is a decision between the young and the old, between the new and the sour is what Harris will want to convey. ” Hope”, “new” and” change” are always powerful ideas in elections if a candidate or party can credibly capture them. Harris ‘ current challenge is to get those ideas over the next three months.

As long as she may stand up to Trump’s abuse and lying, yes, in a solid way, she has a good chance of doing so.

For certain, he has a lot of remote and non-coastal America now sewn up, and a big group of sponsors in Christian Evangelicals. However, as long as a candidate can persuade them to turn out, independent voters are more prevalent than many people think, and Harris has a better chance than Biden of persuading women and minorities of all kinds to support her.

Her track record as vice president makes her vulnerable on the contentious immigration debate: She was given some responsibility to investigate the issues with Central American nations that route refugees through Mexico to the US southern border but failed to have an impact.

But she has a ready response if she can find a way to use it effectively: Trump voted against the bipartisan border security bill because he did n’t want Biden to gain on this front in the election year. If she wants to defuse criticism of her for being weak at illegal border crossings, she must expose and emphasize that cynical hypocrisy whenever possible.

The combination of that and her greater chance to increase female turnout among African-Americans and Arab-Americans could give her a path to victory if she chooses a vice-president who can deliver one of the larger swing states to her. In an election where before the weekend many voters disliked the idea of both candidates, Harris now has a chance to give voters who dislike Trump a valid alternative to avoid voting for him, which the primaries showed there were many Republicans as well.

Where Harris ‘ candidacy has a good chance of making a difference is by preventing a Republican sweep of both the state governorships and the houses of Congress. If Biden had refused to step down, Democratic Party leaders and donors had a deep fear that they might have lost not just the White House, which would be terrible, but also the Senate and the House, increasing the potential legislative impact of a Trump presidency. This still ca n’t be ruled out, of course, but it is definitely now less likely.

There is a ton to be won. A week ago, that did not look to be the case.

Formerly editor-in-chief of The Economist, Bill Emmott is currently chairman of the&nbsp, Japan Society of the UK, the&nbsp, International Institute for Strategic Studies&nbsp, and the&nbsp, International Trade Institute.

Bill Emmott’s Global View, Bill Emmott’s substack, was the first to publish this article. It is republished here with kind permission.

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US targets Hong Kong chip transshipments to Russia   – Asia Times

Following NATO’s condemnation of Beijing’s support of the Soviet defense field on July 11, United States leaders, politicians, and non-profit businesses have called for sanctions on Hong Kong businesses and banks. &nbsp,

During a conference with Wang Yi, the US secretary of state, Antony Blinken plans to lodge a complaint about Russian supplies, with him in Laos. He claimed last week that Russia imports 90 % of its nanotechnology and 70 % of its system tools from China. &nbsp,

Separately, Republican US Senator Marco Rubio proposed a change to the National Defense Authorization Act that would give the president the authority to impose sanctions on economic institutions that deal with illegally Russian supplies. &nbsp,

Two US information media sources and an activist group have released their analyses over the past few weeks that look at the level of transshipments of products from the typical high priority list ( CHPL) to Russia. &nbsp,

Since Russia invaded Ukraine in February 2022, according to the New York Times, it has reportedly received about US$ 4 billion in limited chips. It claimed that a number of shell corporations in Hong Kong assisted in the shipment of many of these items to Moscow. According to the report, the number was derived from an analysis of Russian norms data since the middle of 2021. &nbsp,

The paper said the cards were sent to Russia in almost 800, 000 supplies by more than 6, 000 businesses. The sixth floor of the Hong Kong company’s sixth floor, located at 135 Bonham Strand in Central, was visited by New York Times staff, who was reportedly involved in the transshipments, but they were unable to meet anyone. &nbsp, &nbsp,

Between August and December 2023, 206 Hong Kong companies, known as consignors, have shipped US$ 750 million of CHPL items to Russia, the Committee for Freedom in Hong Kong Foundation ( CFHK Foundation ), a non-profit organization based in Washington, said in a report on July 22.

These things include data receivers, system chips and controllers, digital storage and input/output models and various integrated circuits. Other things include dynamic converters, amplifiers, memory cards and diodes. &nbsp,

They were made by 31 American companies, including Texas Instruments, Analog Devices, Microchip Technology, Apple, Intel, Dell and Nvidia.

The CFHK Foundation said it used data collected by the Center for Advanced Defense Studies ( C4ADS ), another Washington-based non-profit organization. &nbsp,

It recommended that the US use its secondary sanctions authority to designate Hong Kong and Chinese banks as primary money laundering concerns ( PMLC ) and to designate Hong Kong as a primary money laundering concern ( PMLC ). &nbsp,

However, an unknown US Commerce Department official was cited as saying in a document on July 22 that the volume of CHPL products shipped through Hong Kong had decreased by 28 % between January and May. &nbsp,

The official claimed that the government’s extreme law enforcement and product supplier wedding contributed to the decrease, but did not explain how it was calculated. However, the standard claimed that Hong Kong is still a haven for Russians to escape international sanctions.

For the same time, transshipments of CHPL things through mainland China, excluding Hong Kong, fell 19 %. The US Commerce Department stated that it wanted to restrict access to the data because it could not get it in its entirety. &nbsp,

All these new figures were made after NATO leaders called China a “decisive facilitator” of Russia’s war against Ukraine in a mutual declaration on July 11. US National Security Advisor Jake Sullivan stated on July 19 that the US is preparing to impose fresh sanctions against Chinese companies that provided dual-use goods to Russia’s Ukrainian military. &nbsp,

Rubio’s act

Rubio updated the National Defense Authorization Act on July 11th.

He proposed that the US President have the power to impose sanctions on any” covered financial institution” that uses China’s Cross-Border Interbank Payment System ( CIPS), Russia’s System for Transfer of Financial Messages ( SPFS ) or Iran’s System for Electronic Payment Messaging ( SEPAM ) to clear, verify, settle or conduct transactions with any other” covered financial institution”.

A” covered financial institution” means one located in or organized under the laws of one of the countries of concern, which include China ( including Hong Kong and Macau ), Russia, Iran, North Korea, Cuba and Venezuela. &nbsp,

By the end of this year, the US Congress is anticipated to make a choice regarding NDAA modifications for 2025. &nbsp,

Rubio had introduced the Crippling Deranged Russian Belligerence and Chinese Presence in Putin’s Schemes Act in March 2022. There have n’t been any updates on it.

As of last fortnight, CIPS has 148 clear members, including Citibank, and 1, 396 indirect individuals around the world. &nbsp, &nbsp,

Moscow’s methods

According to a report released on June 18 by C4ADS,” War Machine– The Networks Supplying &, Sustaining the Russian Precision Machine Tool Arsenal,” China, Hong Kong, Turkey, and the United Arab Emirates are among the nations in concern with the supply of computer numeric control ( CNC ) machine tools for Russia.

According to the report, Russia has historically obtained foreign-produced CNC machine tools ( FPCMTs ) from nations whose governments now support Kyiv. &nbsp,

Wang Wenbin, a former Chinese ambassador to Cambodia and a former official of the Chinese foreign ministry, claimed on April 23 that the US is dishonest and reckless because it continues to make excuses about regular business and economic relations between China and Russia while providing significant assistance to Ukraine. &nbsp,

Some experts claimed that the new US sanctions will only raise foreign exchange transaction costs to finance Russian purchases relating to the war, but they wo n’t stop them. &nbsp,

They claimed that while large Chinese banks have stopped financing industry with Russia to evade US sanctions, smaller banks may continue because they do not have multi-dollar businesses. They said different states such as Kazakhstan and Armenia, rather of Hong Kong, can even handle Russian supplies. &nbsp, &nbsp,

Read: US warns Chinese institutions over Russian supplies

Observe Jeff Pao on X: &nbsp, @jeffpao3

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Why the ‘Trump trade’ has Asia in a panic – Asia Times

TOKYO — Suffice to say, 2024 has n’t turned out the way Japanese Prime Minister Fumio Kishida expected.

Rather than being a superstar in Asia, Japan’s economy is skirting crisis. The&nbsp, Bank of Japan&nbsp, still has n’t hiked interest rates, though Tokyo had fully expected a tightening move or two by now.

Instead of coasting to win in September’s Liberal Democratic Party vote, Kishida’s approval rating is stuck in the small 20s. China, which suffers from a deflation, is more of a development drag on Asia than it does a growth engine.

The biggest punch to Kishida’s belief that he knew anything about 2024 is that he is coming from Washington.

Joe Biden’s devastating political discussion with Donald Trump on June 27 was the first. Therefore, Biden’s decision not to work for re-election, leaving Tokyo to know which of its officials may have &nbsp, Kamala Harris‘s telephone number.

As the chances of a Trump-friendly White House rise and drew nearer to the Northern Asian economic perspective, China, South Korea, and Taiwan also face political whims.

In Beijing, Xi Jinping’s government abruptly sees the risk of 60 % across-the-board taxes as a clear and present danger as Trump’s political prospects rise to once-unthinkable rates.

The People’s Bank of China announced a surprise rate cut on Thursday ( July 25 ) amid concerns about slowing growth. The PBOC cut the medium-term lending facility&nbsp, by 20 basis points to 2.3 %.

As Trump attempts to restart trade wars, President Yoon Suk-yeol’s troubled administration in Seoul is immediately playing out losses. Additionally, North Korean authorities may develop emergency plans for Trump to deepen his crazy relationship with Kim Jong Un’s violent regime.

Taiwan, however, senses a&nbsp, great bullseye&nbsp, on its market. Lately, Trump accused Taipei of stealing America’s market share in the US$ 500 billion business of making computer chips. In a Bloomberg interview, &nbsp, the Republican candidate&nbsp, said Taiwan snatched “almost 100 %” of the business. ” We should have never permit that happen”, Trump complained.

Wedbush Securities researcher Dan Ives says that” we have seen a terrible software sell-off post Trump responses to the press.” about enforcing stronger Chinese taxes and protecting Taiwan from China, which caused the Street’s Ban on Semis, AI Revolution labels, and Big Tech.

For today, though, authorities in Tokyo are perhaps the most befuddled about what might lie ahead.

Before then, the ghost of a Trump 2.0 White House had n’t been taken too seriously by&nbsp, Tokyo government. Today, the situation has Japan’s state scrambling to examine the many risks this would cause — starting with Asia’s second-biggest business.

” Japan’s economy is in for a big ‘ Trump shock ‘ if Donald Trump returns to the White House”, says economist Richard&nbsp, Katz, author of&nbsp,” The Contest for Japan’s Economic Future” &nbsp, and the Japan Economy Watch newsletter.

His plan to impose an all-inclusive 10 % tax on all imports and 60 % on imports from China will seriously affect both the delicate global supply chains and the need for Japanese exports, Katz claims.

Katz warns that Trump’s inflationary plans, including more significant tax cuts and tariffs, will force the Fed to raise interest rates beyond what the Reserve currently intends. That, in turn, will put upward pressure on the renminbi”.

These challenges, and other uncertainties, are now complicating the Bank of Japan’s selection at next year ‘s&nbsp, July 30-31&nbsp, plan meeting. Anticipation that Governor Kazuo Ueda’s crew might raise interest rates may actually be overstated.

Now, Ueda confronts conflicting financial currents. On the one hand, the secret market is displaying encouraging signs of recovery, as demonstrated by the rise in the Jibun Bank Flash Japan Composite getting professionals index to 52.6 in July. It marked the fifth straight month of development.

Nevertheless, BOJ representatives notice a decline in consumer spending at a time when the market is only just starting to expand. Tightening today might even end&nbsp, Japan’s best inventory rally&nbsp, in more than 35 times.

This last tidbit explains why BlackRock Inc. is so confident that the BOJ wo n’t act next week. ” We expect an flexible environment to remain in Japan”, Yuichi Chiguchi, chief investment strategist at the Japan component of the country’s biggest asset manager, tells Bloomberg.

Another danger: a skyrocketing change level may unsettle global investors as the so-called “yen-carry business” goes awry. Immediately, investors who borrow cheaply in the yen could sell their positions in high-yielding assets all over, including those in Seoul and Shanghai.

Forex traders ‘ opinions about the BOJ meet next week are much more divided than usual. According to Charu Chanana, head of FX approach at Saxo Capital Markets, “potentially squeezing the yen small posts is a popular approach over the last few times.”

According to Chanana, Fed easing bets coincide with “expected that the Bank of Japan may increase rates further at the July meeting.” This potential change in yield differentials favors the yen.

Takeshi Yamaguchi, an economist at Morgan Stanley MUFG Securities, states that” we believe the economic case for a July rate increase is compelling because more data points to a rise in the underlying inflation trend.”

Meanwhile, Kishida’s political fate is getting renewed attention in the days since Biden bowed out of the election.

Within his party, Kishida is under pressure to “pull a Biden” so that the LDP can find a more dynamic successor. A new prime minister is needed, according to party powerbrokers who believe the country’s fragile economy and a string of finance scandals.

Biden’s political recusal robbed Kishida of a top selling point: a strong relationship with the&nbsp, US leader. Kishida also gained points from trilateral summits with Yoon and Biden as well as his closeness to Biden.

This sort of detente with Seoul disapproves Xi’s Communist Party, which fears that the US, Japan, and South Korea are constructing a democratic bulwark against China. even occasionally involving Philippine President Ferdinand Marcos Jr.

Biden’s exit complicates Kishida’s way forward. In much of his 33 months in office, Kishida struggled to get his support rates into the 30s, never mind the 20s they’re stuck in now. Even though Japan’s opposition parties are in disarray, the LDP may opt for a new face before September.

Should Trump return, Japan is not without leverage. For one thing, Kishida initiated a big jump in defense spending, heading off what’s sure to be a top Trump priority. For another, Japan is America’s top foreign investor.

” Trump wants Japan to keep investing in the United States”, notes David Boling, an analyst at Eurasia Group. Boling continues,” the United States needs Japan as an ally to effectively counter China.” Advisers to Trump will remind him of Japan’s importance”.

Given that” trade policy is one of Trump’s highest priorities and tariffs are in his genetic makeup, it will be difficult for Japan to avoid higher tariffs if Trump returns to office,” Boling writes.

Should the yen resume its decline, Trump might be even harder on Tokyo. According to Jasmine Duan, senior investment strategist at RBC Wealth Management Asia, the markets will be watching for Trump’s actions to increase the yen’s rise.

Bottom line,” we do n’t think Japan would be the&nbsp, safest market&nbsp, in Asia if Trump is re-elected”, Duan notes.

Trump’s trade dispute may have a far reaching impact beyond Asia. ” For Europe, the prime concern is tariffs”, says Sharon Bell, an analyst at Goldman Sachs. ” Trump has pledged to impose a 10 % tariff on all US imports. According to our economists, the US GDP could be reduced by 0.5 percentage points and by one percentage point from the Euro area.

Each one percentage point drop in sales-weighted gross domestic product could mean a 10 % drop in earnings per share, Bell explains.

The numerous different scenarios that investors must consider before the US election&nbsp, on November 5, add to the confusion factor.

David Roche, president of Quantum Strategy, thinks that Harris leading the Democrats boosts the odds of a Trump victory. However, it also makes it less likely that the Republicans will control both of Congress.

On the other hand, says Charles Myers, founder and CEO of advisory firm Signum Global Policy, Harris could spell trouble for Trump’s election hopes. Myers claims that Harris ‘ nomination as the Democratic nominee” a whole new race” makes it” a whole new.”

” There’s a new candidate with an enormous amount of unity and enthusiasm behind her”, Myers explains. She’ll be a key driver of women, young people, Black voters … I think people will underestimate her, “he added.

Bottom line”, I think that it’s a bit too early for the markets to declare victory for Trump, and I think she’s going to give him a real run for his money,” Myers says.

Anatole Kaletsky, economist at Gavekal Dragonomics, adds that” whatever one thinks of Kamala Harris, her chances of winning the election are certainly higher than were Biden’s. And the remote possibility that the Democrats might agree on another, much better candidate than Harris— while a low-probability&nbsp, tail risk&nbsp, — would transform the likely outcome of the race.”

Kaletsky notes that, until new polls are released and the Democrats ‘ succession is clarified, it is impossible to quantify the scale of this transformation. My guess is that Trump will hold onto his position of authority for the next few weeks, at most until Labor Day’s traditional start of full-scale campaigning. But I think his probability of winning will fall sharply from last week’s 70 % or 80 %&nbsp, in the best election models, to something like 55 %.”

In theory, Tokyo would prefer a Harris victory, viewing it as the best chance of continuity. One of Trump’s biggest fears is that he will continue to try to bury Tokyo for$ 8 billion annually to house US troops ( Trump 1.0 tried unsuccessfully to do that policy ).

Japan also worries that Trump, who is “grand bargain,” may negotiate a “grand bargain” trade agreement with Xi, leaving other important Asian nations staring in the face.

But whether a Trump Trade emerges, or Harris wins the presidency, all that officials in Tokyo, Beijing, Seoul and Taipei thought they knew about the year ahead is no longer clear or certain.

Follow William Pesek on X at @WilliamPesek

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UK pulls the throttle on Tempest next-gen fighter – Asia Times

The UK has started building its first sixth-generation warrior lecturer, aiming to subject a next-gen combat aviation by 2035. Despite price concerns with comparable warrior projects and questions of strategic significance in the changing weather energy storage, the UK is still steaming ahead with the program. &nbsp,

This month, the UK Defense Journal reported that the UK’s defense industry, including BAE Systems, Rolls-Royce, MBDA UK and the UK Ministry of Defense ( MOD ), has started manufacturing the first Tempest crewed combat air demonstrator.

The Tempest program, announced in July 2022, evaluates innovative technologies like cunning features. Within three decades, it intends to get the plane ready for flight, and it wants to have a fresh battle vehicle by 2035.

Paul Wilde, mind of Tempest at BAE Systems, emphasized the program’s value in maintaining the UK’s combat aviation design and production authority, as stated by UK Defense Journal.

The source claims that the system uses cutting-edge modern methods and has conducted more than 215 hrs of modeling flights in Warton, Lancashire.

The flying systems demonstrationator, according to the UK Defense Journal, may use cutting-edge manufacturing techniques like 3D printing to develop new combat aircraft.

It points out that the Farnborough International Airshow 2024 featured a new concept model with an evolved design as part of the Global Combat Air Program ( GCAP ), which includes the UK, Italy, and Japan, reflecting the rapid development and international collaboration in developing the next-generation fighter jet.

Additionally, Nikkei reported earlier this month that the defence ministries of Japan, the UK, and Italy gathered in London to reiterate their devotion to the GCAP initiative to develop a next-generation fighter aircraft by 2035.

Nikkei claims that the parties established a coordinating system to track the progress of the program despite current concerns about possible cost overruns and a security review by the new British government under Prime Minister Keir Starmer.

The meeting comes as a result of a bilateral deal between Starmer and Japanese Prime Minister Fumio Kishida, according to the cause.

It points out that the defense pact, which includes provisions for Japan’s Self-Defense Forces ( JSDF) to safeguard UK military assets in non-combat settings, highlights the three countries ‘ growing security ties as a result of China’s and Russia’s continued aggression in Ukraine.

Despite having close ties with the US and having the ultimate Tier One companion in the US F-35 system and having nuclear propulsion under the AUKUS framework, the UK decided to pursue an impartial sixth-gen fighter program for a number of reasons.

Trevor Taylor and Isabella Antinozzi make the claim in a May 2024 content for the Royal United Services Institute ( RUSI) that the UK’s desire to establish a prominent defence industrial and technological capacity, with all the advantages it can take to the UK market, supports this claim.

Additionally, Taylor and Antinozzi claim that the UK’s dedication to the GCAP system indicates that it needs to maintain functional autonomy, which necessitates a stable and adaptable system in the country.

Most importantly, they mention that the threat environment beyond 2040 requires a significant capability upgrade from fifth-gen fighters such as the F-22 and F-35, with multiple sixth-gen fighter projects such as the US Next Generation Air Dominance ( NGAD ) and French-German-Spanish Système de Combat Aérien du Futur (SCAF ) programs.

Defense One points out this month that the GCAP’s opening comes amid questions surrounding the program and American sixth-generation fighter jets in public. A UK established, according to Defense One, declined to sign up for the program as the new UK government’s” strategic security review,” which focuses on a near-term conflict with Russia.

The source mentions US Air Force officials who have questioned the viability of the Next Generation Air Dominance ( NGAD ) program in contrast to the progress of GCAP.

The NGAD software may be in a downward spiral, according to an article in Asia Times from June 2024. The US Air Force is considering adjustments to the NGAD system as it grapples with budget constraints, cost overruns, technical difficulties and fast-evolving concepts of air supremacy.

Both the US Air Force Secretary of the Air Force Frank Kendall and the US Air Force Chief of Staff David Allvin have resisted funding the NGAD program. A winner between Lockheed Martin and Boeing is anticipated to be announced this year, but Allvin has stressed that no final decision has been made.

The NGAD program’s slow progress is partly due to delays in Lockheed Martin’s F-35 program and Boeing’s unsatisfactory defense performance. Other contributing factors include Boeing’s management issues and Lockheed Martin’s lack of cost-effective execution incentives.

The high cost of NGAD, at an estimated US$ 300 million per unit, poses a challenge for the US Air Force. The F-35, B-21 Raider, and Sentinel intercontinental ballistic missile ( ICBM ) programs are funded in addition to these costs.

Kendall claimed that the fighter could end up with a less expensive, less expensive engine to save the NGAD program, as Defense News reported this month.

According to Defense News, the NGAD will adapt engine technology to adapt to changing flying conditions. The source does point out that earlier attempts to use the technology in the F-35 were thwarted due to its high cost.

According to Kendall, the US Air Force is looking at the NGAD concept to see if it is the right one, whether it can do something less expensive, and accept some trade-offs for lower costs, as reported by Defense News.

However, despite the effort and cost of getting sixth-gen fighter projects off the ground, they might not be the best solution for the evolving aerial threat environment.

The US Air Force is reportedly reviewing the NGAD combat jet this month, and possibly moving it to an unbuilt platform due to budget constraints.

The War Zone notes that NGAD’s future is uncertain amid an 81 % cost surge for the Sentinel ICBM program, now at$ 141 billion.

Kendall emphasized the need for a careful evaluation before beginning the engineering phase of the NGAD, taking into account both cost effectiveness and affordability.

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Israeli democracy as a Gaza war casualty – Asia Times

The country under his leadership continues its descent away from democracy as Israeli Prime Minister Benjamin Netanyahu prepares to handle a joint session of the US Congress on July 24, 2024.

Prior to Hamas’s attack on Israel on October 7, 2023, the nation was sucked into a long-running argument over government-led measures that threatened to stifle criminal authority.

Following that argument, for the first time, a leading democracy score demoted Israel’s categorization from a “liberal republic” to an “electoral democracy”. The new classification noted that the government’s judicial and legislative responsibilities have declined, as well as the government’s ability to protect civil rights.

Israel is not the only country in the world where democracy is in danger: According to a recent report from the International Institute for Democracy and Electoral Assistance, the state of politics has been declining for the past six decades.

Democracy is associated with three key elements: administration, organisations and individuals ‘ principles. When they appear to be deteriorating, a republic is said to be fast.

According to researchers and social experts, a nation’s democracy can often deteriorate during a protracted conflict. For example, people may lose belief in human organizations, like the authorities, the police and the military. Additionally, political extremism and help for violent values like the use of force frequently become more commonplace in society.

Soon after October 7, there were some flimsy expectations that the attack would lessen internal political animosity and possibly reverse Israel’s political decline. But as the battle against Hamas has continued, the country’s republic has continued to diminish.

Soldiers wearing masks carry a body
Jewish military carry the body of a victim of the Hamas assault on October 10, 2023 in Kibbutz Kfar Aza. Photo: Ap / Erik Marmor via The Talk

Israel’s political complacency

Most assessments of Israel’s political drop tend to focus on Netanyahu’s criminal test for corruption, which is continuing, and his government’s efforts to remove the judiciary of its power to examine and limit government actions.

However, there are more recent developments of authoritarian legislative activities, restrictions on civil society organizations, and the deterioration of underlying democratic norms that have been more important.

For example, in 2018 the government’s legislature, the Knesset, passed a law declaring that Israel is the nation-state of the Jewish folks and omitting the concept of political equality for the 21 % of the people that is non-Jewish

Even concerning is the growing share of the population, especially among the young, that supports these exclusive plans. According to a 2016 statement, nearly 40 % of Israelis aged 15 to 24 believed that political freedom should be withheld from Egyptian people.

The 2016 NGO Transparency Law, which makes it more difficult for human rights organizations that receive quarter of their revenue from abroad, places additional operational strain on these companies.

Additionally, each of these things is occurring in the context of Israel’s ongoing employment and rule over the Arab people and their territories. The fight between Jews and Arabs has long been the subject of Netanyahu’s populist speech and management style.

He uses language that emphasizes threats made by Palestinians, both internally and internationally, including his 2015 poll time “warning” that” the Arabs are voting in countryside.”

No surprisingly, the conflict has amplified this speech.

Also, and as the example above illustrate, attempts to undermine political institutions and values have generally centered on Israel’s relations with the Palestinians, both within Israel and in the West Bank and Gaza Strip.

a white man in a gray suit gestures as he speaks at a lectern
On July 17, 2024, Benjamin Netanyahu lists lawmakers in the Knesset. Photo: AP / Ohad Zwigenberg via The Talk

Limits on completely talk

Since the start of the war, the condition has only gotten worse as a result of the coalition government passing a number of laws restricting legal rights, most notably freedom of speech.

In Israel, a law passed in April allows the state to halt a foreign media outlet’s activities if the prime minister or the secretary of conversation determines that it poses a security risk. Using this law, Israel shut down Al Jazeera, a Qatar-based television channel, in May.

Additionally, the Israeli government seized the AP’s equipment when The Associated Press provided media services to Al Jazeera. Although the equipment was returned following a widespread outcry, including from the White House, this demonstrates how this law affects the freedom of the press.

A proposal for a June legislative proposal would require the dismissal of academic professors who allegedly support or incite terrorism. The bill would impose a punishment without a trial for an offense that has no clear definitions or fair trial. Critics claim that it could be used to silence the opposition.

Another law, currently awaiting a ruling from Israel’s high court over its constitutionality, would give the far-right national security minister broad powers over policing. Critics worry that it could be used to impose sanctions on those who oppose government action.

People claim they have abstained from participating in public demonstrations because they fear police violence as a result of this direct ministerial intervention in police affairs. Moreover, this legislation appears to politicize the police, which is supposed to be an independent institution in a democracy.

an apparently unconscious young man is being dragged
On June 15, 2024, Israeli police dragged a man away from a protest against Benjamin Netanyahu’s administration in Tel Aviv. Photo: Photo: AP / Maya Alleruzzo via The Conversation

Illiberal sentiment

A growing number of Jewish citizens in Israel wanted a strong leader who was not easily influenced by the media or public opinion even before the war started.

A rise in militarism and illiberal sentiment resulted from the shock of the surprise attack and Hamas ‘ brutality. In the first month of the war, for example, there were 18, 000 calls for Gaza to be “flattened”, “erased” or “destroyed” in Hebrew posts on the social media platform X, The New York Times reported, citing FakeReporter, an Israeli group that monitors disinformation and hate speech.

As the fighting has progressed and Israelis in general have come together around the war and its objectives, this sentiment has n’t subsided. Two-thirds of Jewish Israelis oppose humanitarian aid to Gaza, according to a poll conducted in February 2024, while 42 % claim that Israel should not abide by international humanitarian laws or international laws of war.

Netanyahu is the main threat to Israeli democracy, despite Israeli protests and claims that he is prolonging the war and keeping him in power, according to my opinion. These, I fear, will outlive Netananyu and the war.

Michal Ben-Josef Hirsch is associate professor of political science and legal studies, Suffolk University

This article was republished from The Conversation under a Creative Commons license. Read the original article.

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North Korea is winning its youth information war – Asia Times

Two opposing perceptions of North Korea’s younger technology have been presented to the outside world.

In the outside media, children are portrayed as rebel and dramatic, ignoring the Kim regime’s increasingly severe crackdowns on international media and trends, and rather toting the latest North Vietnamese fashion trends and adopting North Vietnamese lingo.

However, position advertising perpetuates the notion that young people in North Korea are incredibly committed to Kim Jong Un and the government.

Both conceptions of North Korea’s younger technology fail to acknowledge a more sophisticated reality.

Kim Jong Un is aware of the importance of winning over the younger generation in order to maintain his administration’s life. Since coming into strength, Kim has increased the magnitude of consequences for importing, distributing and consuming international press. This stale details environment amplifies the effectiveness of a youth-focused youth-loyalty campaign intended to be a bear hug to the younger generation.

As a consequence, when compared with older groups, North Korean children have a more positive perspective of the government, juche philosophy, and Kim Jong Un himself. In summary, the plan is successful.

A revitalized international media transmission strategy is needed to split the deadlock and win the battle over hearts and minds. Despite the dangers, North Koreans continue to be very interested in foreign press. Study shows that those who consume tend to feel more warmly about South Korea and see the North Vietnamese government thoroughly.

European media provide a strong foundation for a common knowledge of concepts like animal rights and civil society and can serve as a strong foundation for regime propaganda. A revitalized approach should focus on content collection and modern propagation methods to maximize energy and decrease blowback for end users in North Korea.

There are two types of the children of North Korea.

The outside world is presented with two very distinct narratives of North Korea’s children. On the one hand, the state media in North Korea portrays the country’s youth and twenty-somethings as steadfast supporters of the “revolutionary” produce led by Kim Jong Un. But, on the other hand, illegal balances hint that these youngsters are extremely questioning the faithful orientation that represented prior generations.

The youth’s ideological orientation speaks to the regime’s long-term viability, prospects for reconciliation with the international community, and a soft landing: change from within, which does n’t lead to bloodshed, more than just an academic discussion.

Kim Jong Un’s decision approach necessitates that he inculcates the children to feel the outside world is a hostile area. His autocratic control is legitimized by this assault mentality. The challenge for young people’s hearts and minds — pitting passion for the Marshal against South Korean K-Pop — is live, and there are reasons to think that the government has taken a pleasant result.

Let’s begin by examining the two distinct ways that younger people in North Korea are depicted.

In the government’s version, the children are doting and obedient, aspiring above all else to make the affection and approval of Marshall Kim Jong Un. The Kim dynasty and the state media would make the world think that its young people are unquestionably committed to the ideals of socialism, juche ideology, and the Kim dynasty.

A recent Rodong Sinmun article showcased a glossy propaganda scene rife with symbolism: children at Mangyongdae Schoolchildren’s Palace “burst into cheers full of great excitement” when Kim Jong Un arrived. For his enjoyment, children danced and sang “full of excitement and joy” in their own costumes.

This performance reportedly reflects the determination of the children to become “young revolutionaries and patriots … guaranteeing that the Juche revolution is full of vitality”. Kim Jong Un served as a representative of” the mightiness of Korean-style socialism” while the “bright laughing of children” served as a representation of his role as the “benevolent father.”

But other sources reveal that not all children are as devoted as the regime wants us to believe. When they watched a well-known South Korean drama called” Full House,” North Korean children first encountered a song called” Three Bears.” Youngsters adapted the lyrics of the song to insult the Kim regime, singing:” Grandpa bear]Kim Il Sung ] is fat, papa bear]Kim Jong Il ] is also fat, and baby bear]Kim Jong Un] is foolish”.

Representatives from the Socialist Youth League were dispatched to catch and discipline students found singing the song or possessing foreign media in response. This was in 2015. However, traditional patterns are sadly lost. In 2022, Youth League monitors were again tasked with busting students for singing mocking, satirical versions of revolutionary North Korean songs and embracing South Korean music.

In fact, since a famine in the middle of the 1990s broke the social contract between the state and society, millennials have been referred to as the jangmadang ( market ) generation because of their resistance to state ideology and proclivity for adopting South Korean fashion, slang, and even dating culture.

This version of freewheeling youngsters conflicts with the version described by Kim Jong Un and broadcast in state media. Which is the truth, then? A careful analysis suggests that these conflicting characterizations represent extreme ends of the spectrum and both fail to reflect the complex reality.

North Korea recently increased penalties for those who speak the language of South Korea, which suggests that the government is trying to keep an ideological hold on the populace. A new law is especially telling. The anti-reactionary thought law, which was passed in 2020 and amended in 2022, “describes South Korean movies, dramas, news, and other outside content ] as ] reactionary thought and culture.”

Those caught with the banned content are subjected to heightened punishments: six years to life of reform through labor for consuming, and ten years or even death for importing or distributing.

Additionally, the law forbids the use of South Korean expressions like “older brother” and adding the honorific suffix “nim” to titles when addressing others. These phrasings are signifiers of South Korean influence that diminish the more stodgy and rigid North Korean values and conventions.

The law forbids” citizens from imitating puppet style ] South Korean intonation by raising and lengthening their intonationation obsequiously, lilting, and nauseatingly in aegyo speech.” Anyone who has watched South Korean movies or dramas knows what this is referring to.

While bribery and corruption have reduced the impact of previous crackdowns, this one is having a stronger impact: Video footage shows two teenage boys serving 12-years of hard labor in a show trial in front of hundreds of classmates for the crime of consuming South Korean media.

This is part of a larger trend that has its roots at the inception of Kim’s rule. In an effort to combat the flow of foreign media and information, Kim Jong Un oversaw the establishment of the Central 109 Inspection Command of The State Security Department ( now known as Group 109 ).

Since then, 85 % of respondents said that punishments are tougher now for consuming foreign media than they were under Kim Jong Il, according to a 2018 survey by the US Agency for Global Media.

According to a poll conducted by InterMedia of 350 refugees who left the nation between 2016 and 2018, two-thirds of North Koreans “personally experienced an inspection by Group 109.” North Korea ranked dead last in the 2023 World Press Freedom Index by Reporters Without Borders.

North Korean refugees provide the most reliable information on this subject, but sadly, the number of people who have escaped has dramatically decreased since the Covid border lockdown. Much information is therefore out of date. Only as the border opens, will we be able to better understand how things have changed recently.

North Korea’s not-so-radical youth

Analysis of other defector surveys paints a much more complex picture than the persistent presence of North Korean interest in foreign media, which suggests that North Koreans are largely rejecting the regime’s narratives and ideology in favor of more entertaining foreign alternatives.

In particular, the younger generation is overall more positive toward the regime, juche ideology, and Kim Jong Un compared with older cohorts, according to defector surveys conducted by Seoul National University ( SNU).

A higher proportion of North Korean defectors in their 20s and 30s viewed Kim Jong Un as the country’s most popular leader from 2011 to 2020 than their elders did. Twenty and 30-somethings were also less likely to report hearing criticism about the government and the leader compared with those in their forties, fifties, and sixties.

The young generation had less pride in juche in 2014 than the older generation. But that dynamic flipped in 2020: over half of the young respondents had” a lot” of or” some” pride in juche, while the majority of older respondents had” not much” or “none”.

What justifies these surprising discoveries? There are a few factors at play. First, the Kim regime has launched a youth loyalty initiative to win back from Kim Jong Un and the party.

Young people are a captive and malleable audience. The days of students are jam-packed with Kim family history and ideological training, labor mobilizations, organizational activities, and criticism sessions.

The exploits of Kim Il Sung, expounded in a massive eight-part memoir, are akin to a Homeric epic that is genuinely entertaining to North Korean students. According to North Korean refugee Jae Young Kim, the book is even more challenging to borrow from the library because of its popularity.

One North Korean refugee turned activist, Kang Chol Hwan, described his childhood perception of Kim Il Sung as a” Father Christmas” who gifted children sweets and school uniforms. This education gave Kang, who would later be sent to a political prison camp and then defect,” a wellspring of admiration and gratitude for our political leaders and in the willingness to sacrifice everything for them.”

The foreign media crackdown is another factor. Although there is conflicting evidence regarding whether or not consumption has decreased in recent years, former US special envoy for North Korean human rights Ambassador Robert King contends that the crackdown has discouraged “more casual use of foreign media.”

This ca n’t help but have knock-on effects. Consuming foreign information slowly but surely alters the viewpoint of the North Korean people. Those who consume foreign media tend to have more negative feelings about the North Korean government and its intentions, according to surveys conducted by Stephan Haggard and Marcus Noland for their book” Witness to Transformation: Refugee Insights into North Korea”.

Significantly, after Kim Jong Un’s increased crackdown on foreign media, survey respondents increased their likelihood of finding state media to be credible ( over 70 % ), while the percentage of skeptical people decreased to about 20 %.

The lack of disconfirming sources no doubt plays a role in youth’s perceptions. Consensusting foreign information has the effect of enhancing kinship ties between North and South. Nearly three-quarters of respondents said their perception of South Korea “improved a lot” after consuming South Korean media, according to a 2020 SNU survey.

Given that Kim Jong Un recently declared that North Korea would no longer pursue unification and labeled South Korea as the North’s “number one enemy,” the ability to improve South Korea’s image is especially relevant.

Finally, young people tend to have rose-colored glasses when looking at the government, compared with the older cohorts, because they have yet to spend any significant time in the sphere of North Korean life that tends to lead to the most antipathy towards the regime: the markets.

During Kim Jong Un’s rule, there has been a rise and remain high in the proportion of North Koreans who participate in the unofficial market economy, but there has been a steady decline in the proportion of respondents who participate in the official ( state ) economy. More significantly, only a tiny minority of respondents ( 13 % ) earn enough money per month to buy a single kilogram of rice from their state jobs, the SNU survey reveals.

This implies that the majority of people rely on market earnings for their household income, which places the state as a burden on their way of life rather than a resource. In fact, respondents spent an average of 20 % of their earnings on bribes and 46 % of people identified “bribes and crackdowns” as the greatest difficulty for their economic activity.

This explains why the older “money-making” generations in North Korea have resisted the regime. In contrast, the younger cohorts are busy with school and compulsory military service through their early 30s and therefore have yet to encounter the regime in this light.

Next steps

Despite Kim Jong Un’s severe crackdowns and harsh punishments, North Korean people remain interested in outside media. This presents a chance. Increasing the quantity and availability of foreign information inside North Korea will be crucial for:

  • establishing a civil society, planting the seeds,
  • challenging state propaganda that demonizes the outside world,
  • educating people about their human rights in North Korea.
  • increasing feelings of kinship with South Korea and
  • creating conditions that can result in a long-term soft landing, making the peninsula a more stable and prosperous place for all Koreans.

It’s especially important to reach young North Koreans to counteract the Kim regime’s information blockade and loyalty campaign, which have proven surprisingly effective. The North Korean Human Rights Act of the United States authorizes funding for information programs.

The last iteration of the law authorized the government to spend$ 3 million per year to increase” the availability of sources of information not controlled by the Government of North Korea”. Although the law has bipartisan support, it expired in September 2022 and has not yet been reauthorized.

Reauthorization bills have been introduced multiple times, for example in the House by Congresswoman Young Kim (R-California ) and Congressman Ami Bera (D-California ) and in the Senate by Senator Marco Rubio (R-Florida ) and Senator Tim Kaine (D-Virginia ), but each of these efforts have ultimately foundered.

The National Endowment for Democracy funded a number of innovative initiatives, many of which were based in South Korea and were led by North Korean refugees, in order to reach the North Korean people through radio news programs in 2021.

A focus on both content and method is required to enhance North Korea’s foreign media presence. It will only be possible to outcompete regime propaganda if the content succeeds in meeting the needs, gaining the trust, and provoking the curiosity of the North Korean people.

According to a 2019 survey by Unification Media Group, when asked what types of media North Koreans need the most, the most widely received response was “news about South Korean society” ( 41.5 % ), followed by “entertainment programs made in South Korea” ( 18 % ).

Radio broadcasts that feature North Korean defectors provide a familiar voice that North Koreans can relate to. Heavy-handed content that explicitly criticizes the regime is counterproductive because it resembles North Korean propaganda and poses a risk to any North Koreans who consume it.

On the other hand, entertaining and straightforward depictions of ordinary South Koreans going about their lives with the freedom to choose their own jobs and vote for their own government officials can be subtly radicalizing.

Actionable content, such as market prices and weather forecasts, can also help to establish a foundation of trust, allowing for the introduction of topics like universal human rights and civil society.

Content should also be differentiated for audiences, as in the case of VOA’s Korean targeting elites.

Also, methods for distributing information need to be rethought and revitalized. With the border largely sealed, the most effective way to inject information into the country is currently radio broadcasts. However, radio is impeded by signal jamming, and surveys indicate that the older generation favors radio.

Distributing the kind of content favored by the young, like hallyu pop music and K-dramas, is typically done manually over the border via memory sticks like USBs and micro SDs. Although overused, distributors can now make money from this method. However, it is dangerous and very risky. To get around this, innovative new concepts like utilizing satellite technology or decentralized mesh networks should be looked into.

In this game of cat and mouse with the authorities, the key is to replace old, discoverable methods with new, innovative ones faster than the regime can keep up. Each method must also be carefully examined to make sure it is simple to use, deployable, and protects end users from detection. A balance must also be struck to avoid provoking too forceful a response from the regime.

Conclusion

Kim Jong Un is aware that winning the hearts and minds of his country’s youth is a crucial step in ensuring the continued rule of his family. For now, Kim has the edge. However, if they play it right, outside actors who want to spread foreign media within North Korea, such as those from the US and South Korea, can win.

Doing so can help foster the rudiments of a civil society capable of seeing through the Kim regime’s lies and imagining a brighter future.

The Korea Society’s director of policy is also a professor at SUNY Stony Brook University and Columbia University’s School of International and Public Affairs. Chelsie Alexandre is the policy program officer at The Korea Society. At SUNY Stony Brook University, Alexander Tufto is a political science student.

First published by Pacific Forum, this article is republished with permission. Read the original here, complete with endnotes and charts.

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Australia’s ANZ faces fire for alleged market manipulation – Asia Times

The Australian Securities and Investments Commission ( ASIC ) is looking into ANZ in light of serious allegations that the bank manipulated the market when it facilitated a$ 14 billion ( US$ 9.2 billion ) sale of government bonds in April of last year.

ASIC has today officially stated that it believes ANZ acted unlawfully. ASIC chair Joe Longo told the Australian Financial Review on Tuesday,” We are talking about you.

The CEO of ANZ has the right to define how he would describe it, but it is clear that it is an research, which means we must by definition believe there is a violation of the law.

Earlier this month, ANZ launched its own domestic investigation into alleged misconduct in its industry sector. ANZ says it is treating the claims” with the highest severity” and has engaged additional constitutional lawyers to help with its studies.

ANZ has also been accused of increasing the value of its bond buying by billions of dollars in order to get “lucrative” government mandates that come from large-scale trading.

Tie markets? State demands? You’d be forgiven for feeling a little lost.

On its encounter, the alleged crime might seem very mystical and professional. However, the Australian Financial Review has suggested that the dispute might turn into” the biggest incident” in ANZ’s 182-year story.

To be clear, these are claims amid an ongoing research by Australia’s business regulation. However, it’s crucial to comprehend exactly what the lender has been accused of doing here and how what transpires in the relationship sector has the power to affect everyone.

It’s all about federal borrowing

You need a thorough understanding of a transaction that sounds a little dry-sounding and quite routine in order to understand the allegations made against ANZ.

The state of Australia frequently takes out loans. It does this by selling so-called “bonds” to shareholders.

An investor purchases a bond, which was once a piece of paper but is now electronic, and in exchange receives (usually fixed ) interest payments known as” coupons,” one each month or year.

At the issuance of the tie, get it after three years, ten years, 20 years or more, the trader gets her or his money again.

You do n’t need to know everything about how bonds function. Bonds are only available on the open market, meaning that their value is shift, and that investors can buy them to other investors.

The investors ‘ returns are a result of both ( a ) receiving those coupons and ( b ) the difference between the amount they spend on the bond and the final principal amount when the bonds are due.

The price of the friendship will drop if standard interest rates rise above the bond’s coupon rate. Because the bond simply would n’t pay enough in comparison to what they want from an investment with that much risk.

Likewise, if standard interest rates fall, the relationship price is likely to walk.

An Australian Office of Financial Management ( AOFM), a branch of the Commonwealth Treasury, issues new government bonds. In order to conduct significant relationship sales, AOFM normally appoints a bank or banks to oversee the process and communicate with investors.

The state contracted ANZ to maintain a sizable A$ 14 billion bond sales in April 2023. ANZ was given access to sensitive information, including information about when the giving do take place.

ANZ was required to purchase bonds from investors who wanted to trade them for new bonds as part of the position. The value of those securities may depend on the gain that investors want from government bonds. Remember that a bond’s value drops if it receives an unrequited gain in excess of what is needed. So, if the expected return increases, the cost ANZ has to spend decreases.

You might have heard the notion: purchase low and sell high. Also, ANZ reportedly sought to do just that.

It is claimed that ANZ allegedly tried to raise bond yields by investing in what is known as the “futures industry,” a market that essentially allows traders to place bets on upcoming interest rate movements.

These wagers even affect the reference rate that determines the cost of new ties. Because the government uses the futures level to determine the profit the business needs for its debt and determine the bond issuer’s coupon rate.

If that prospects price climbs, then so too does the discount price on the government’s new relationship issues. This increases the government’s overall interest costs.

Image: ASIC Chairman Joe Longo. &nbsp, Photo: Lukas Koch / AAP via The Talk

ANZ is accused of manipulating future yields to get it to buy bonds from investors for a lower rate.

ANZ supposedly then reversed its future trades, allowing the price of the securities it held to rise and the general interest rate to fall, earning a profit.

If the claims are accurate, ANZ did have engaged in both insider trading and market manipulation. This would be outlawed.

According to the Australian Financial Review, trading information details to unexpected price moves on and around April 19 of last year.

Up until the relationship was issued on April 19, the data shows that bond prices had risen (yields had risen ), then produces had dropped, leading to a rise in bond rates.

But it’s important to notice this diagram says nothing about cause. Charges may have decreased for reasons related to ANZ.

Exaggerated achievement

ANZ has also been accused of overstating its investing success to the state, to secure rewarding friendship control options.

Based on their trading of government bonds and their skills, the state chooses managers. It is claimed that ANZ falsely reported how much buying it did.

According to the Australian Financial Review, ANZ told the government it had “facilitated”$ 137.6 billion in bond trades to the year ended June 2023, when it had really only facilitated$ 83.2 billion – a discrepancy of$ 54.4 billion.

Although it may seem far removed from daily life, what happens on the bond market has the ability to have an impact on everyone.

If found to be true, ANZ’s reported deception was reportedly had cost citizens as much as A$ 80 million. That number reflects how much more interest the government may be required to pay if it issued bonds with higher interest rates than they needed to.

Mark Humphery-Jenner is associate professor of funding, UNSW Sydney

This content was republished from The Conversation under a Creative Commons license. Read the original post.

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Harris has decidedly different view on Gaza than Biden – Asia Times

The Democratic Party’s units have been brought under the light by Benjamin Netanyahu’s attend to Washington because of the conflict in Gaza.

After Joe Biden’s departure from the presidential race, the presumed Democratic nominee, Kamala Harris, inherits a socially thorny topic. Since the Hamas problems in October 2023, the president has been plagued by this problem.

Harris will have to strike a tricky balance between defending the performance of an management in which she still serves and explaining how she would graph a unique path for Israel and Palestine.

In democratic lines, the evil president’s report on the subject and her choice to not rule over Netanyahu’s talk in Congress have stoked hope that she may take a tougher stance toward Israel. Such a change may be necessary to persuade pro-Palestinian voters who are dissatisfied with Biden to support her in November.

Vice leaders frequently cross the party line when it comes to international politics. However, Harris has spoken out exceedingly openly about US policy toward the Middle East. In December, for instance, she delivered a discourse in Dubai after meeting with leaders of many Arab states. She expressed concern about the severity of the anguish experienced by Gaza’s citizens in the conversation.

She did restate the Biden administration’s place regarding Israel’s right to defend itself against Hamas. She added that “international charitable rules may be respected,” which implies that Israel’s behavior was at risk of deviating from that standard. ” As Israel defends itself, it matters how”, she said.

Harris became the first senior administration official to visit for an “immediate stalemate” in March. She was again strong in her condemnation of the Jewish administration’s handling of the charitable aspects of its combat, which had led to “inhumane conditions” in Gaza.

Harris made the statement:” Our popular society compels us to act. We must act. Our strong society compels us to act.” She urged Netanyahu’s administration to “do more to considerably improve the flow of support.” No mistakes”.

Honestly, according to normal political theory, Harris will have a difficult time putting together any agreement between her and Biden to win the November election. The US consumer is said to know much, and treatment less, about foreign affairs. But, when most people enter polling stalls, it is kitchen-table problems – inflation, interest rates and immigration – that determine who wins their vote.

In fact, between 10 % and 20 % of Americans rate any foreign policy issue as the most pressing issue facing the nation. Citizens are three times more likely to be concerned with financial problems.

The pro-Palestinian presentations on university campuses earlier this year and the ones in Washington this year may thus exaggerate the significance of a topic that only appeals to a small minority of people.

Leadership elements

However, recent research suggests that these figures may be a false reflection of how people evaluate political individuals. In reality, voters tend to worry less about certain issues than whether a applicant has the appropriate personal traits to be a successful commander-in-chief.

Harris’s remarks regarding the conflict may enable her establish a broader reputation as a leader who is willing to defend specific principles on the international stage, such as the necessity of upholding international laws and protecting human rights. This would be in stark contrast to Donald Trump’s location.

Trump and Biden repeatedly demanded that Israel “finish the job” without additional limits from Washington during their now-infamous 2024 conversation in June, and they showed no sign of concerns about the way Israel pursued its conflict with Hamas.

This is crucial because we are aware that while foreign policy does not play a significant role in polling, it has been shown that if voters are given a choice between individuals, it will have an impact on elections.

The alternative in 2024 is between a member who is determined to defend the rules-based global order and one who has a track record of undermining it, according to Harris and Trump’s posts on Israel.

There is also a straightforward scientific justification for why this may question in November. The results of this year’s presidential poll are likely to be in a few states, with great margins.

These include Michigan, where more than 100, 000 younger voters and Muslim Americans demonstrated their frustration with the Biden administration’s handling of the conflict in Gaza by casting “uncommitted” votes in the country’s Democratic primary in February. This in a state that Trump won in 2016 by just 11, 000 votes ( but lost in 2020 ).

The place Harris takes on Gaza might be enough to tip the scale in these must-win tribes, even if foreign policy changes only a few seats on a national level.

Where does this keep Joe Biden?

Assuming he does not bow to pressure from Republican critics calling for his departure, Biden will also serve as commander-in-chief for another six weeks. President in the final years of office must also consider the political calendar when making decisions about war and peace, as I’ve already stated in a new book.

Like many of his successors, Biden is likely to switch to international policy as a means of cementing his reputation. A tempting scenario might become reached regarding a ceasefire in Gaza. If the leadership were able to broker a deal between Hamas and Israel before the vote, it would also benefit Harris by lessening the impact of a contentious social problem.

Biden ( belatedly ) aims to become the transitional president he once promised to be after stepping aside in favor of his vice president. On Israel, he may indeed be the last of his sort.

Harris might serve as a bridge between the Democrat leadership of the Biden generation, who has a strong personal connection to Israel, and a younger generation of progressives who are much more open to criticizing the Jewish government’s policies.

Andrew Payne teaches at City University of London on international policy and safety.

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Harris’s ‘brat’ summer: How memes can juice a campaign – Asia Times

A number of stars rushed to support Kamala Harris when she was chosen as the new Democrat party nominee, but one has attracted much more media interest than the others. Charli XCX, a song, endorsed Harris in her personal minimalistic post on X, saying that “kamala IS a brat.”

The article went viral about suddenly, with millions of views, and Harris’s personal X accounts switching its colors to bright wallpaper – the color of the album cover for Charli’s new album, Brat.

The internet is thriving on innovation and inside quips. That’s partly why cartoons – a pretty middle-aged sensation that initially originated in the 1990s – are still going strong, while we’ve long seen the rear of Bebo, Vine and Clubhouse. ( What are those, you ask? My point precisely ).

Cartoons have grown to be a significant tool for political contact because of their popularity. In my research, I have identified four functions of cartoons: social mindbombs, fast-food media, daily jargon and a calm system. Kamala Harris ‘ support by Charlie XCX is the epitome of “political mindbomb.”

The word “political mindbomb” was coined by the co-founder of Greenpeace, Bob Hunter, who claimed that a strong visual communication can slice through the noise and change the minds of people – not quickly, but in the long run.

Image: Lawrence Jackson/Made with Canva, Creative Commons BY

He cited a photo of a bleeding whale attempting to flee a hunting ship as an illustration. He sent the heartbreaking image to media outlets, where readers from all over the world can be affected, and he hopes to inspire them to vote or protest whaling one day.

When Kamala Harris was announced as “brat”, the suit-wearing, experienced and sharp vice-president received a gift of vibes, rather than something concrete. The seriousness of Charli XCX’s statement explaining Harris ‘ suitability for the top position in the nation would not have had the same impact as viral potency.

The three words, written by a 31-year-old British pop singer, are cryptic for some internet users. You must have been keeping an eye on Charli’s album’s recent coverage and the coveted brat aesthetic in publications like Vogue this July to fully comprehend what is actually being discussed. But as with any good meme, “brat” is defined by incompleteness.

When I explain memes to my students, I often use the metaphor of a half-baked joke. The reader must finish the sentence and understand why the creation of an image with excessive text, such as a good meme, is intended to be funny, irreverent, or sarcastic.

You need to know some context, some popular culture, some internet or lifestyle slang. A good meme is not for everyone, and this closed-community feel makes them precious.

As Charli XCX’s definition of “brat,” a bold move that attempts to make fun of and relatability work with one of the most powerful women in the US today.

Because of the complex effects memes and viral culture had on political candidates in the past, Harris ‘ team may be embracing memes.

In 2016, the treatment of memes by the Democrats could have been called heavy-handed. Many now associate the” Pepe the Frog” meme – a laid-back green cartoon frog known for the speech bubble “feels good man” – with right-wing nationalism.

However, it was a startling meme about social awkwardness before becoming famous when Hillary Clinton’s office posted about Pepe the Frog’s connection to the alt-right movement, cementing its cultural significance.

In another instance, UK Labor politician Ed Miliband’s awkward eating of a bacon sarnie, generally associated with working-class cafes, generated a whirlpool of memes that questioned his relatability to the general public and may have cost him the election.

A word of caution, though: Memes are always subversive, they cannot communicate complex and progressive ideas with consistency. Their very nature of sarcasm, irony and jester-like playfulness makes them a dangerous tool for a politician.

A person who believed memes would benefit them can quickly be turned against them. Despite what you might think, riding a bit of a viral wave of awe and surprise and exploring the hidden playfulness of a serious political candidate does feel somewhat “brat” in any way.

Anastasia Denisova is a University of Westminster senior lecturer in journalism.

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