this author is frequently spot on in his awareness of things going on around us in ways you'll never hear from 'our free press' and here he will show you things about the far east you may never imagine, but it ain't good for the empire, and deservedly so;
By F. William Engdahl
5 November 2018
Image Credit: っ License: Creative Commons Attribution-Share Alike 3.0 Unported license https://bit.ly/2JGyswa
One of the more important consequences of the Trump Administration
trade war against both China as well as Japan is the recent diplomatic
and economic meeting between Japan’s Prime Minister Shinzo Abe and
China’s President Xi Jinping in Beijing. Not only was it the first such
meeting by a Japanese PM in seven years since the chill in relations
over a group of disputed islands in the East China Sea. It also
suggested a new political and economic strategy might be emerging across
Asia’s largest economic sphere. Hours after leaving Beijing Abe hosted
Indian PM Narenda Modi in Tokyo. Does this all foreshadow a new flank in
an emerging multi-polar world or merely shrewd politics by Abe
?
Showing he saw the meeting in Beijing as more than a photo-op, Abe
brought a business delegation of some 1,000 top Japanese businessmen.
China Prime Minister Li Keqiang announced that deals worth $18 billion
had been signed during the talks. As well the two agreed to resume $29
billion worth of mutual currency swaps in event of future currency
crises. Both leaders agreed to create a hotline to communicate in event
of possible future tensions. Abe also invited Xi to come to Japan in
2019, a >major step.
Less discussed in public media was the fact that Japan has agreed to
include the China Renminbi in Japan’s foreign exchange reserves, a
significant boost to the credibility of China’s currency. China for its
part will allow the Bank of Japan to invest directly in Chinese
government bonds.
What was not mentioned in the press accounts either in China or
Japan was an historic offer of the Japanese Emperor conveyed through Abe
to Xi. According to informed sources in Japan, Abe conveyed the wish of
Japan’s Emperor Akihito to visit China before he abdicates next April
to formally apologize to the Chinese people for the Japanese invasion of
China during the 1930s. At the same time the Emperor extended an
invitation to China’s Xi to come to Japan. According to the report, Xi
accepted the invitation regardless the Emperor’s decision on his visit
to China. Such a move by Japan’s Emperor would be seen by Beijing and
the Chinese as more than symbolic.
Notably, Li formally invited Japan to reconsider its participation
in China’s ambitious Belt-Road Initiative infrastructure project which
has recently come under criticism from Malaysian, Pakistani and other
partners. By showing openness to work jointly with Japan, the world’s
third largest industrial economy after USA and China, China hopes to
encourage others to join. Never in history has a nation so recently
underdeveloped attempted a multinational series of projects across so
many countries and cultures as China with its BRI. Charges of “debt
diplomacy” and of refusing to take local considerations fully into view
have given Washington and EU critics of the BRI or Economic Silk Road a
recent field day in attacking China. Beijing is clearly learning quickly
from its mistakes, at least judging from her Japan talks......http://www.williamengdahl.com/englishNEO5Nov2018.php
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