JPY: Biden Hosts Trilateral Meeting with Philippines, Japan
The US President Joe Biden hosts the meeting in Washington for Trilateral summit between Philippines, Japan and the US. China is disturbing vessels in the south china sea and shoot out several Philippines soldiers. In 1951 Treaty has put between Philippines and US for defense against Third party. Now that Article is reinvoke if any China Navy disturbed sea channels across Philippines.
USDJPY is moving in Ascending Triangle and market has reached resistance area of the pattern
Japan PM Fumio Kishida said investments has to bring between US and Japan for Economy growth for both countries, and discussed about supply chains, diplomatic and security issues.
On Thursday, US President Joe Biden hosted a historic trilateral summit, welcoming Philippines President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida. This inaugural meeting, as reported by CNN, emphasized the unwavering commitment of the United States to defend both Japan and the Philippines.
Amidst ongoing territorial disputes involving Japan, the Philippines, and China, President Biden reaffirmed America’s steadfast support for the security of both nations. Speaking from the East Room of the White House, he expressed the belief that unity among these nations paves the way for a brighter future for all.
The territorial disputes encompass the Senkaku Islands in the East China Sea for Japan and areas of the South China Sea for the Philippines. Particularly contentious is Second Thomas Shoal, situated approximately 200 kilometers off the coast of Palawan. Here, the Philippines grounded a World War II-era navy transport ship in the 1990s to assert its claim, leading to ongoing tensions with China, which disputes the territory despite an international arbitration ruling.
President Biden underscored the gravity of these tensions, stating that any aggression against Philippine assets in the South China Sea would trigger the mutual defense treaty between the US and the Philippines. This treaty, dating back to 1951, commits both nations to aid each other in case of an attack by a third party.
Ahead of the summit, a senior administration official expressed deep concern over China’s actions in the South China Sea, highlighting the significance of the US commitment to supporting its allies in the region. The meeting symbolized a united front against Chinese aggression, with President Biden and Prime Minister Kishida reaffirming their solidarity with President Marcos and the Philippines.
JPY: Biden, Kishida Form New Alliance, Focusing on China and Russia
The US President Joe Biden hosts the meeting in Washington for Trilateral summit between Philippines, Japan and the US. China is disturbing vessels in the south china sea and shoot out several Philippines soldiers. In 1951 Treaty has put between Philippines and US for defense against Third party. Now that Article is invoke if any China Navy disturbed sea channels across Philippines.
GBPJPY is moving in Ascending channel and market has rebounded from the higher low area of the channel
Japan PM Fumio Kishida said investments has to bring between US and Japan for Economy growth for both countries, and discussed about supply chains, diplomatic and security issues.
U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida unveiled an extensive array of collaborative initiatives during a joint announcement on Wednesday. These plans encompass military cooperation and joint projects spanning from missile systems to lunar exploration. This display of partnership was underscored by a joint news conference at the White House, reflecting Japan’s growing prominence on the global stage and its deepening relationship with the United States.
The discussions between Biden and Kishida covered a wide range of global issues, including tensions in Gaza and Israel, the conflict in Ukraine involving Russia, and the challenges posed by North Korea, among others. Despite ongoing controversies, such as the dispute over Nippon Steel’s bid for U.S. Steel, the leaders emphasized the significance of their dialogue, which culminated in a grand state dinner.
President Biden hailed the collaboration as the most substantial enhancement of their alliance since its inception. The focus of their talks centered on the Indo-Pacific region, particularly addressing China’s assertive actions in the area.
In response to perceived threats from China, both the United States and Japan have intensified military preparations, aiming to counter China’s activities in the South China Sea, the East China Sea, and to deter any potential aggression towards Taiwan. Kishida reiterated the commitment to upholding the international order based on the rule of law, emphasizing that unilateral attempts to alter the status quo by coercion are unacceptable.
Highlighting the significance of their defense collaboration, Biden and Kishida announced the establishment of a joint military command structure and pledged to develop an advanced air missile defense network in partnership with Australia. Additionally, Japanese astronauts will participate in NASA’s upcoming moon missions.
With approximately 70 agreements on defense cooperation in place, the U.S. and Japan are poised to enhance their military capabilities, including upgrades to the U.S. military command structure in Japan to facilitate seamless coordination during crises.
Kishida’s upcoming address to the U.S. Congress and his participation in a trilateral summit with Biden and Philippine President Ferdinand Marcos Jr. signal Japan’s increasing global role. This meeting coincides with escalating tensions between China and the Philippines in the South China Sea, with China attempting to isolate both Japan and the Philippines. Biden’s strategic engagements with these nations aim to counter China’s influence and reaffirm the strength of alliances in the region.
Despite the diplomatic fanfare, challenges loom, including the controversy surrounding the proposed acquisition of U.S. Steel by Japan’s Nippon Steel. Both leaders expressed hopes for fruitful discussions, underscoring the importance of maintaining a mutually beneficial relationship.
Amidst these developments, concerns persist about the potential implications of U.S. domestic politics, particularly regarding future U.S. policy towards China. Nevertheless, the visit underscores the deepening ties between the United States and Japan, signaling a renewed commitment to shared security and prosperity in the Indo-Pacific region and beyond.
JPY: Biden, Japan PM Kishida Discuss China, Differ on US Steel Deal
The US President Joe Biden hosts the meeting in the US for Trilateral summit between Philippines, Japan and the US. China is disturbing vessels in the south china sea and shoot out several Philippines soldiers. In 1951 Treaty has put between Philippines and US for defense against Third party. Now that Article is reinvoke if any China Navy disturbed sea channels across Philippines.
AUDJPY is moving in Ascending channel and market has fallen from the higher high area of the channel
Japan PM Fumio Kishida said investments has to bring between US and Japan for Economy growth for both countries, and discussed about supply chains, diplomatic and security issues.
Japanese Prime Minister Fumio Kishida embarked on a highly anticipated visit to Washington on Tuesday, drawing attention to shared apprehensions regarding provocative Chinese military activities in the Pacific. This visit also coincided with a notable public divergence between the two nations concerning a Japanese firm’s intention to acquire a prominent U.S. company.
Ahead of the official visit and formal state dinner scheduled for Wednesday, Kishida and his wife made a stop at the White House on Tuesday evening. President Joe Biden, seeking to honor a longstanding ally he views as pivotal to his Indo-Pacific strategy, welcomed Kishida warmly. This occasion marked the fifth state dinner hosted by Biden for a world leader since assuming office in 2021.
During their White House encounter, the two leaders exchanged handshakes while First Lady Jill Biden embraced Kishida’s wife, Yuko. The group shared a moment for a photograph before proceeding to dine at the upscale seafood restaurant, BlackSalt.
As part of the ceremonial exchange, the Bidens presented Prime Minister Kishida with a meticulously crafted three-legged table, crafted by a Japanese American-owned company based in Pennsylvania. Additionally, President Biden bestowed upon Kishida a custom-framed lithograph and a two-volume LP set autographed by Billy Joel. Meanwhile, Jill Biden gifted Yuko Kishida a soccer ball signed by both the U.S. women’s national team and the Japanese women’s national team.
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