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Saturday, 18 August 2012

Japanese right-wingers seek political gains landed on Diaoyu Islands; China strongly protests


Japanese right-wingers seek political gains by exploiting Diaoyu Islands issue

A pack of Japanese right-wingers landed on the Chinese-owned Diaoyu Islands in the East China Sea on Sunday, in a blatant move that they claimed to "mourn the war dead", but in fact it was a scheme to net political leverage.

More than 150 Japanese right-wing activists participated in the event, including eight members of parliament. After gathering in the surrounding waters in 21 ships, 10 people landed on the island and stayed for over two hours.

Their gross violation of China's sovereignty has raised an uproar in China, with demonstrations flaring up in numerous cities in the country.

"China strongly opposes Japanese rightists landing on the Diaoyu Islands on Sunday, and urges Japan to put an end to its actions that seek to undermine China's territorial sovereignty," the Chinese Foreign Ministry said Sunday in a statement.

A quick background-check of the right-wing politicians and organizations that sponsored this provocative bid shows that their target of much-sought prize may not be the islands themselves, but rather political leverage that could put them back in the driver's seat back at home.

Tokyo governor Shintaro Ishihara, who prompted the Japanese government to "nationalize" the Diaoyu Islands with his "island-buying" farce, was notorious for denying the 1937 Nanjing massacre, during which the Japanese aggressor troops killed more than 300,000 Chinese citizens in World War II

Yoshitaka Shindo, another right-wing politician and a member of Japan's House of Representatives, is the grandson of Tadamichi Kuribayashi, a general of the Imperial Japanese Army during the Second World War who was killed in Iwo Jima.

Behind the drape of "mourning the war dead," what these right-wingers are really pursuing is personal political gains, even if it meant exploiting the public's sympathy toward the deceased.

Japanese scholars believe that as the Japanese society is bedeviled by sustained economic downturn and lack of confidence, publications advertizing "the Japan crisis theory" and the "China threat theory" could bring comfort to the public.

Moreover, widespread sorrowful sentiment among the public that Japan has been economically overtaken by China also feeds the right-wingers who advocate getting tough with China.

The narrow-visioned nationalism would only bring destruction to a country, warned Makoto Iokibe, former president of the National Defense Academy of Japan in an article published by the Asahi Shimbun on Sunday.

"Every country is easily emotionalized when it comes to issues of territory. The rightward tendency in Japan has been enhanced recently," he said.

Against this backdrop, if the voices and moves of the right-wingers were unchecked or event expanded, hostility across the East China Sea would increase, further dampening the perspective of closer bilateral ties between Asia's two largest economies and regional stability.

Therefore, "the Japanese government and people should speak in more rational voices and avoid being hijacked by the right-wingers and heading to the extreme," Iokibe said.- Xinhua


Update:
Aug. 24 (Xinhua) -- China on Friday expressed strong displeasure at the Japanese leader's remark on Diaoyu Islands, with Foreign Ministry spokesman Hong Lei saying that it "sabotages China's territorial sovereignty."

On the same day, Japanese Prime Minister Yoshihiko Noda told the press that Japan claimed Diaoyu Islands were part of its territory. The Meiji government integrated them into Japan in 1895 without the signs of rule by the Qing Dynasty of China at that time.

Hong stressed that the Diaoyu Islands and surrounding islets "have been the inherent territory of China since ancient times" because they "were first found, named and used by the Chinese."

The earliest historical record of Diaoyu Islands can be dated back to China's Ming Dynasty (1368-1644) in a book titled "Departure Along the Wind" (published in 1403), in which the names of "Diaoyu Islet" and "Chiwei Islet" were used. The names refer to the nowadays Diaoyu Islands and Chiwei Islet, Hong said.

He went on to say that Hu Zongxian, the Zhejiang governor of Ming Dynasty, marked Diaoyu Islands and surrounding islets in China's maritime defense.

"It demonstrated that these islands were at least within China's maritime defense sphere since the Ming Dynasty," Hong said.

Japan claimed its sovereign requirement during the China-Japanese War in 1895 and seized the islands with illegal means. "The saying that Diaoyu Islands were inherent territory of Japan is totally groundless," Hong said.

The Cairo Deceleration issued after the World War II regulated that all territory illegally taken by Japan, including China's northeast, Taiwan and Penghu islets, must be returned to China, according to the spokesman.

In August 1945, Japan announced its unconditional surrender under the terms of Potsdam Proclamation. "It means Japan must return Taiwan, the Diaoyu Islands and surrounding islets to China," he said.

On Sept. 18, 1951, then Chinese Premier and Foreign Minister Zhou Enlai made a solemn statement on behalf of the Chinese government that the Treaty of Peace with Japan signed in San Francisco of the United States was illegal and invalid, and it absolutely would not be recognized without the preparation and signing of the People's Republic of China.

In June 1971, Japan and the United States signed a pact to hand over Okinawa to Japan. Diaoyu Islands were mapped in the handover area.

"It is a private trading of the Chinese territory," Hong said.

China's Foreign Ministry announced on Dec. 30 of 1971 that such a move was "totally illegal" and reiterated that Diaoyu Islands and surrounding islets were "an integral part of the Chinese territory", he said.

Related:

China urges Japan to take practical action to improve ties

BEIJING, Aug. 24 (Xinhua) -- China on Friday urged Japan to take practical action to improve bilateral relations amid a territorial dispute regarding nearby islands.

A resolution adopted by the Japanese House of Representatives said that as important partners with shared interests, relations between Japan and China should be deepened so as to promote regional and international peace, stability and prosperity.  Full story

China urges Japan to stop territorial sovereignty violations

BEIJING, Aug. 17 (Xinhua) -- China on Friday urged Japan to refrain from any action that might violate China's territorial sovereignty and use dialogues and negotation to solve an ongoing dispute over the Diaoyu Islands.

"The Japanese side should maintain Sino-Japanese relations through concrete action," said Foreign Ministry spokesman Qin Gang, when talking about the recent illegal detainment and release of 14 Chinese nationals by Japan.  Full story


 • The Japanese coast guard confirmed that at least nine Japanese activists landed on Diaoyu Islands.
    • They arrived at the waters near the Diaoyu Islands with a group of 150 Japanese activists.
 • The group plans to hold a ceremony for people died in the war in 1945.

TOKYO, Aug. 19 (Xinhua) -- The Japanese Maritime Safety Agency confirmed that 10 Japanese activists landed on the Diaoyu Islands Sunday, local media reported.


VIDEO: CHINA PROTESTS JAPANESE VISIT TO DIAOYU ISLAND CCTV News - CNTV English

The Japanese coast guard's patrol vessels found 10 people swam to the Diaoyu Islands from their fleet at around 7:30 Sunday, and called them to leave as soon as possible after their landing.

The 10 people, no parliamentarians, remained at the island for about two hours and unfurled several Japanese flags. All of them left the island and swam back to their boats before 10:00.

A fleet of around 150 Japanese activists and 21 vessels departed from the Ishigaki city Saturday and arrived at the waters near the Diaoyu Islands early Sunday morning. The Japanese government had rejected their landing application earlier this month.

The group also plans to hold a ceremony for people who died in World War II and investigate fishery conditions in the waters near the Diaoyu Islands to declare the islands are Japanese territory.


China on Saturday lodged solemn representations with Japan as the group comprising some Japanese lawmakers and members of right- wing groups plan to go to the Diaoyu Islands waters to hold activities. Foreign Ministry Spokesman Qin Gang said that China has urged the Japanese side to immediately stop the action that seeks to undermine China's territorial sovereignty.

Thousands of people in a number of Chinese cities, including Guangzhou, Shenzhen, Shenyang, Hangzhou, Harbin and Qingdao, took to the street on Sunday morning to voice their opposition to the Japanese activists' landing on the Diaoyu Islands.

The act of the Japanese activists came after 14 Chinese activists arrived at the Diaoyu Islands by a Hong Kong fishing vessel to assert China's territorial claim to the islands last Wednesday. They were illegally arrested shortly after and were released last Friday.



Related:

China lodges solemn representations with Japan on Diaoyu Islands
BEIJING, August 18 (Xinhua) -- China on Saturday lodged solemn representations with Japan as some Japanese lawmakers and members of right-wing groups plan to go to the Diaoyu Islands waters to hold activities. Full story

China urges Japan to stop territorial sovereignty violations


BEIJING, Aug. 17 (Xinhua) -- China on Friday urged Japan to refrain from any action that might violate China's territorial sovereignty and use dialogues and negotation to solve an ongoing dispute over the Diaoyu Islands.

"The Japanese side should maintain Sino-Japanese relations through concrete action," said Foreign Ministry spokesman Qin Gang, when talking about the recent illegal detainment and release of 14 Chinese nationals by Japan.  Full story
China holds "firm stance" over Diaoyu Islands
 

BEIJING, Aug. 17 (Xinhua) -- China holds a "firm stance" over the Diaoyu Islands, and any of Japan's unilateral moves against Chinese nationals is illegal and invalid, the Foreign Ministry said Friday.

As Japan decided to release 14 Chinese nationals it was detaining, Chinese Foreign Ministry spokesman Qin Gang said: "China holds a clear and firm stance on the issue of Diaoyu Islands." Full story


China strongly protests against Japanese rightists' landing on Diaoyu Islands

People in a number of Chinese cities, including Guangzhou, Shenzhen, Shenyang, Hangzhou and Harbin, took to the street Sunday morning to voice their opposition to Japanese right wing activists' landing on the Diaoyu Islands. [Sina Weibo] 

People in a number of Chinese cities, including Guangzhou, Shenzhen, Shenyang, Hangzhou, Harbin and Qingdao, took to the street Sunday morning to voice their opposition to Japanese ring wing activists' landing on China's Diaoyu Islands.

Around 8:50 a.m., over 100 protestors gathered near the Consulate-General of Japan in Guangzhou, Guangdong Province, holding Chinese national flags and banners reading, "Defend China's territory over the Diaoyu Islands."
They also shouted, "Japan, get out of the Diaoyu Islands!"
From 9:40 a.m., protestors marched on major roads in Guangzhou, as police maintained order.
The protestors returned to the Consulate-General of Japan in Guangzhou around 10:30 a.m., and some Guangzhou residents staged a sit-in at the gate of the compound.
In downtown Shenzhen, Guangdong Province, protestors gathered at SEG Plaza around 9:00 a.m., holding Chinese national flags and shouting about defending China's territory.
From 10:30 a.m., protestors marched on major roads in the city's downtown area.
As of 11:00 a.m., about 1,000 protestors had assembled in Shenzhen.
In Harbin, capital of northeast China's Heilongjiang Province, hundreds of residents gathered at Dragon Tower Square, a city landmark.
The protestors organized online, and some local residents arrived at the scene to support the protestors by offering them Chinese national flags and drinking water, according to the protestors.
The protestors were led along the city's major roads by two cars flying Chinese national flags. Police maintained order and directed traffic, as the group gained more protestors throughout the march.
In the capital of northeast China's Liaoning Province, about 100 protestors gathered at a square near the Shenyang municipal government building and marched to the Consulate-General of Japan in Shenyang.
Some of the protestors wore red dresses bearing the Chinese characters for "China" and held loudspeakers. Police were on hand to maintain order.
The Japan Coast Guard confirmed that nine Japanese activists landed on the Diaoyu Islands early Sunday morning, Japanese media reported.
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More millionaires nowadays; secret to success and riches


PETALING JAYA: There may be more millionaires in Malaysia now than before but they may not necessarily be feeling rich.

Besides the rising number of successful business owners, many high-salaried people are already millionaires based on the value of their assets and properties.

RAM Holdings Bhd group chief economist Dr Yeah Kim Leng said the term could also apply to those in the middle-class who could have earned the amount but had spent it on necessities such as on costly children's education and high property prices.

He said although a millionaire was measured by his or her disposable income, those who have made their million would not have the same purchasing power compared to a decade ago, citing inflation as the main reason.

Dr Yeah said many in business had made their millions as a result of savvy investments and the growth of the industries that they were involved in, adding that overall, the rising affluence was due to sustained economic growth.

“We have seen a strong growth in certain sectors, including plantation, oil and gas and property, which have elevated entrepreneurs into the millionaire class,” he said.

Billionaires, however, remain rare. Malaysia now has 30 billionaires, just three more from the 27 on the list last year.

The Wall Street Journal (WSJ) reported last year that Malaysia's millionaires almost doubled over the previous 18 months.

Citing a report by international financial firm Credit Suisse Group, it said Malaysia added 19,000 new millionaires since early 2010, bringing the total to 39,000 as of October.

The WSJ report attributed the rise to the weakening US dollar and careful spending.

Dr Yeah said those who invested their money wisely had benefited the most.

“In a free market and capitalist economy like Malaysia, people who have capital can generate millions,” he said, noting that many in the upper-income bracket had accumulated wealth past the million-ringgit mark.

Personal financial consultant Carol Yip said the rising cost of living had lessened the feeling of being rich.
“Today, even a small apartment can cost half a million,” she said.

She said careful spending was not a factor for the increase in the numbers of millionaires.

“If we are spending less, we won't be seeing so many luxury cars on the road,” she said.

She said the rise in millionaires was also due to property prices which have shot up exponentially, adding that the definition should not include the value of the house that one was living in.

“If you still have a million in hand after you convert the value of your other properties, investments and have paid of all your debts, then you are a millionaire,” she added.

Financial adviser Fred Wong said making a million was not a problem these days as long as people were willing to work hard but being self-employed and investing wisely was the better route to riches.

By ISABELLE LAI and P. ARUNA newsdesk@thestar.com.my

Millionaires’ secret to success

PETALING JAYA: Ganesh Kumar Bangah made his first million at the age of 23.

The secret, he said, was as simple as knowing what people needed and delivering it to them.

“I knew what I was good at, which was IT. I used that to come up with something of value to the world.

“I also worked hard and persevered until I reached the goals I had set for myself,” said Ganesh, now 33 and the CEO of MOL Global Bhd, a company worth over RM1bil.

<b>Young and rich:</b> Ganesh (left) and Yap made their first million at the age of 23 and 26 respectively. Young and rich: Ganesh (left) and Yap made their first million at the age of 23 and 26 respectively.

He said that even when he was only 15, he had been using his skills to make money, like repairing his teachers' computers for a fee.

At the age of 20, he started his own company, which made him a millionaire in three years.

“Be focused and set new goals for yourself to keep climbing higher. Real wealth is the satisfaction you get when you overcome a new challenge that brings rewards. Financial wealth should just be a by-product.”

Feng shui master and multi-millionaire Joey Yap said learning to make good use of time was a key ingredient to achieving financial success.

“In business, time is money, so make sure you use your time to acquire things of good value. Find out what your strengths are, work on your weaknesses and hone your talents,” said Yap, 35, who made his first million at age 26 by selling his first feng shui home study course.

However, having RM1mil does not necessarily make people feel rich, especially for those raising children in the city.

Carol Leong, 57, a mother of three, said it costs more than the amount for an average family to live in the city and raise a child to adulthood.

“There are medical bills, tuition fees, various expenses and their education to pay for. For our family, it has definitely come up to more than RM1mil per child,” she said.

Leong, a lawyer, said she and her businessman husband had placed their money in various investments, which in the long run had helped pay for tertiary education overseas for their three children.

“I would advise young parents living in the city and who are just starting a family to invest to secure some income for the future,” she added.

By YVONNE LIM yvonnelim@thestar.com.my

Friday, 17 August 2012

Financial Times hails Malaysia’s economic boom


KUALA LUMPUR: It is not always that emerging economies get favourable remarks from hard-boiled foreign media practitioners but Malaysia is getting more laudatory remarks from foreign journalists these days.

Take Jeremy Grant's article on Kuala Lumpur's soon-to-be-developed new financial centre, the Tun Razak Exchange, and the state of the Malaysian economy in the Financial Times Friday, for example.

He wrote: “With much of the world economy experiencing anaemic growth at best, it is hard to believe that any country would contemplate a project on this scale.

“Yet Malaysia's economy is enjoying a gravity-defying boom that is confounding sceptics. Second-quarter gross domestic product figures out this week showed the economy grew by 5.4%, way above consensus expectations of 4.6%, and the 4.9% recorded - after an upward revision - for the previous quarter.”

Grant attributed this development to big-ticket government spending, lending to business by well-capitalised banks, and robust consumer demand, fuelled by pay rises for civil servants and cash handouts that have even seen taxi drivers receive vouchers for free replacement tyres.

“Malaysia's stock market has been among the best performers in the world, buoyed by big flotations including Felda, a state-controlled palm oil producer, which was the second-largest initial public offering after Facebook when it raised over USD2bil last month. Bankers are cashing in with a parade of further IPOs expected within months,” he added.

“Much of the impetus behind the growth comes from the “economic transformation programme” initiated by Prime Minister Datuk Seri Najib Tun Razak when he came to power in 2009.

This involves dozens of government-backed projects designed to boost per capita income to USD15,500 by 2020, from USD9,600 last year and lift Malaysia out of its “middle-income trap”, Grant wrote.

Over spending: Analysts say one nagging concern for Malaysia is the rising household debt caused by the rapid growth in credit card usage. Over spending: Analysts say one nagging concern for Malaysia is the rising household debt caused by the rapid growth in credit card usage.

The Financial Times also quoted Christian de Guzman, an analyst at Moody's, a rating agency, who admitted he was sceptical about the programme's ability to spur private sector development when it was launched. De Guzman is more convinced now, adding that “The proof of the pudding is in the eating but so far they are on track. In aggregate there are just so many things going on [in the economy].”

Grant wrote that “Not only has Malaysia experienced strong domestic demand offsetting its vulnerability to weakening demand for its exports - much of them electronics destined for Europe; it has also benefited from deeper ties with economies in Asia.

Moody's says that in 2006 the United States was Malaysia's largest trading partner, absorbing 18.8 per cent of its exports, while Asia Pacific accounted for 60 per cent. By last year the US share had dwindled to 8.3 per cent while Asia Pacific jumped to 69 per cent.

Malaysia's healthy economy - and the resulting “feel good” factor - stands in contrast to growing anxiety among Malaysia's neighbours in south-east Asia as the global downturn has tarnished their economies.

Analysts point out one nagging concern for Malaysia: rising household debt, caused by rapid growth in credit card usage.

As the transformation programme's projects take root, Grant wrote that Bank Negara Malaysia is forecasting full-year growth at the upper end of its 4-5 per cent.

Amidst this scenario, the Financial Times also quoted Rahul Bajoria, an anaylst at Barclays, as saying that: “We expect momentum to remain underpinned as the project-based nature of these investments means that it is unlikely to be halted abruptly.” - Bernama

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