Japan

Japan is aiming to regain the edge in technology innovation which it lost to China and South Korea, by building the world’s fastest computer. The Japanese government is to spend 19.5 billion yen ($173 million) on creating the fastest supercomputer known to man with a 130 petaflops processing power that would propel the country into a new technological era. Currently China’s Sunway TaihuLight holds the record with 93 petaflops capacity, churning calculations at the rate of 93 quadrillion per second.

Having soared to fresh 13 year highs in a quiet overnight session on thin liquidity due to the US Thanksgiving holiday, which sent the USDJPY just shy of 114 and the Yuan to 6.96, the dollar pared back its weekly advance with modest profit taking after traders wondered if the rally has gotten "too stretched." European shares were fractionally higher, with Asian stocks and US equity futures rising and both the Dow Jones and the S&P set for new all time highs.

In a quiet overnight session in which Japan was closed, European shares are mixed as financials and auto weigh, Asian stocks rise led by materials while S&P futures little changed against a backdrop of the continuing commodity rally with oil holding near $48 a barrel, up fractionally on the session. Against a basket of currencies, the dollar index was up slightly at 101.12, very close to a 14-year peak. The dollar also kept most of its recent hefty gains on the yen at 111.05 though it has met resistance around 111.35 in the last couple of sessions

Submitted by Nan Li via Strategic-Culture.org,

After months of negotiation, the United States and South Korea announced on July 8 their decision to deploy the Terminal High-Altitude Area Defense (THAAD) missile defense system in South Korea. During a press briefing, China’s Defense Ministry spokesman Yang Yujun said that Beijing is “firmly opposed to the proposed THAAD deployment… and will take necessary measures to maintain national strategic security as well as regional equilibrium”.

Why Is China Opposed to THAAD Deployment?

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

The re-miliarization of Japan has been on my radar and caused me much concern in recent years. I’ve covered the topic on several occasions, with the most recent example published over the summer in the post, Japanese Government Shifts Further Toward Authoritarianism and Militarism. Here are the first few paragraphs: