Shinzo Abe to Visit the US in January

Incoming prime minister and Liberal Democratic Party (LDP) chief Shinzo Abe is set to visit the United States as early as January to strengthen the bilateral alliance.

Abe also places emphasis on improving Japan’s relations with China and South Korea, which have been strained over territorial issues.

However, Japan’s neighbors are wary that Japan will tilt to the right under the next LDP-led government. The party pledged during the election campaign to open the way for Japan to exercise the right to collective self-defense and consider permanently stationing government officials on the Senkaku Islands in Okinawa Prefecture, which are also claimed by China.

The success of the Abe administration’s diplomacy hinges largely on whether the archconservative Abe, who refrained from making radical statements during the election campaign, will respond realistically to diplomatic issues.

In an about 10-minute telephone conversation with U.S. President Barack Obama on Dec. 18 — two days after the LDP scored a landslide victory in the House of Representatives election — Abe underscored the need to strengthen the Japan-U.S. alliance to improve Tokyo’s strained relations with Beijing.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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