Japan continues to pass aggressive measures in order to strengthen their economy as tension between Japan and China escalates. Same economic news as last week.
The most salient article was about a hostage siege in Algeria, in which nine Japanese citizens have been killed. Almost 70 people total are thought to have been killed in the crisis, after gunmen attacked and took over a gas factory. Algerian forces launched a counter attack, which lead to more deaths. Japan criticized Algerian officials for making that decision without first consulting the other nations whose citizens were captured.
Sources:
- BBC: Japan posts record high trade deficit in 2012 (23 Jan)
- BBC: Algeria hostage crisis: Japan confirms two more deaths (22 Jan)
- BBC: Japan agrees 2% inflation target and asset purchases (22 Jan)
- NYT: Japan Makes Overture to China in Islands Dispute (22 Jan)
- NYT: As Dispute Over Islands Escalates, Japan and China Send Fighter Jets to the Scene (18 Jan)
- NYT: Japan Logs Record Trade Gap in 2012 as Exports Struggle (23 Jan)
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