Japan PM vows to 'energise' S. Korea cooperation under new leader Lee
South Korean President Lee Jae-myung, (left), and Japnese Prime Minister Shigeru Ishiba
TOKYO : Japanese Prime Minister Shigeru Ishiba said Wednesday he wanted to "energise" cooperation with South Korea, after new centre-left President Lee Jae-myung took power.
Spats over territory and a bitter dispute over Japan's use of forced labour during its decades-long 20th-century occupation of the Korean peninsula have long strained ties between the two neighbours.
But the countries became closer under South Korea's disgraced former leader Yoon Suk Yeol, including through three-way talks with joint ally the United States.
"This year marks the 60th anniversary of the normalisation of diplomatic relations between Japan and Korea," Ishiba told reporters in Tokyo.
"With President Lee Jae-myung, I would like to energise cooperation between Japan and South Korea as well as between Japan, the United States and South Korea."
Ishiba added that "it would be good if we could hold a Japan-South Korea summit in the near future".
Lee won a snap election held six months after a disastrous attempt to declare martial law by South Korea's ex-president Yoon plunged the country into political chaos.
"There are various public opinions inside South Korea" towards Japan, Ishiba said.
Lee has previously taken a harder line towards the country than Yoon, including saying that the ex-president was "submissive" to Japan, according to Yonhap news agency.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Trading CFD dengan Teknologi dan Kecepatan Lebih Baik
IC Markets
Mendaftar
Undo
"The new president has made some statements in the past. But during the election campaign, he also said that Japan is an important partner and that he loves the Japanese people," Ishiba said.
"We will strengthen our ties with South Korea by opening our hearts and minds and engaging in active exchanges with South Korea," he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
33 minutes ago
- Time of India
Goldman funds $600 million equity for Coca-Cola India unit sale
Goldman Sachs Asset Management has provided $600 million to partially fund the equity investment needed by Indian conglomerate Jubilant Bhartia Group for its purchase of a 40% stake in The Coca-Cola Co.'s bottling unit in India, according to people familiar with the matter. Goldman Sachs Asset Management's hybrid fund financed this equity portion by subscribing to the convertible preference shares issued by the group, said the people, who asked not to be named discussing a private matter. The fund — which is part of the investment bank's private credit strategy — sits between traditional debt and equity, and is usually longer in tenure. Convertible preference shares is one of the many ways companies can raise capital to fund their operations and expansion. They can choose to do so because it enables them to avoid taking on debt, while limiting the potential dilution of selling additional common stock. Goldman Sachs and Jubilant Bhartia declined to comment. Coca-Cola in December announced that Jubilant Bhartia will acquire a minority stake in Hindustan Coca-Cola Holdings Pvt., the parent company of the soft drink maker's largest bottler in India called Hindustan Coca-Cola Beverages Pvt. The total acquisition cost is $1.5 billion, the people said. The pizza-to-pharmaceuticals conglomerate will fund the remaining $900 million required for the acquisition with $600 million of equity and $300 million in debt, the people added. Two subsidiaries of the group — Jubilant BevCo and Jubilant Beverages — recently issued rupee-denominated bonds totaling $658 million-equivalent to fund the deal, Bloomberg News reported. Jubilant Bhartia's purchase of a stake in the beverage giant joins a series of foreign firms looking to divest part of their shareholding in local arms. In December, the Indian unit of South Korea-based LG Electronics Inc. filed for an initial public offering, seeking to tap investors in the South Asian country's booming market. Earlier last year, British American Tobacco Plc raised $2 billion selling shares in its Indian partner. --With assistance from Divya Patil.
Economic Times
an hour ago
- Economic Times
Dollar gains ground against peers after robust US economic data
The dollar strengthened against major currencies following a better-than-expected U.S. jobs report for May, fueling speculation that the Federal Reserve might delay interest rate cuts. While the dollar saw weekly gains against the yen and franc, it remains down year-to-date. Positive economic data and easing trade tensions between the U.S. and China contributed to the dollar's upward movement. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Popular in Markets 1. Dollar mired in US economic weakness and trade limbo The dollar rose against major currencies on Friday after data showed better-than-expected U.S. jobs growth in May despite a slowdown from the previous month, suggesting the Federal Reserve might wait longer to cut interest Department data showed that employers added 139,000 jobs in May, fewer than the 147,000 jobs added in April, but exceeding the 130,000 gain forecast in a Reuters poll of dollar was up 0.95% to 144.87 against the Japanese yen and added 0.26% to 0.822 against the Swiss franc . The greenback extended gains against both safe-haven currencies following the U.S. currency was headed for a second straight weekly gain against both the yen and franc, but it was still down about 8% year-to-date and about 9% year-to-date, respectively, against both dollar has been weighed down by uncertainty from President Donald Trump's tariff policies and the prospects of negotiations with trading partners including China, the deficit spending and tax bill being considered in the U.S. Senate after it passed the House of Representatives, and the trajectory of recent economic data , said Eugene Epstein, head of structuring for North America at Moneycorp in New the market is starting to reverse some of its short positioning against the dollar in the wake of stronger-than-expected economic data, including the jobs data, Epstein said."Every bank is forecasting a weaker dollar, which I think is probably the right call long-term. But now you have this stretched positioning and suddenly reversing everything since you have stronger jobs numbers and stronger hourly earnings. The numbers are stronger overall and now good news is bad news because the 10-year yields went up so the rate cuts are not going to come," Epstein euro added to losses against the dollar immediately after the jobs data and was down 0.43% at $1.1395. It is still up about 10% year-to-date against the single currency, which is headed for a weekly gain against the greenback, had hit a six-week high of $1.14950 on Thursday following comments by European Central Bank President Christine Lagarde that the central bank was nearing the end of the monetary policy easing dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.53% to 99.20 on the session, but it is on track to notch a weekly and Chinese leader Xi Jinping held a rare leader-to-leader call on Thursday, as tensions over tit-for-tat tariffs appear to be easing. The dollar strengthened 0.23% to 7.191 versus the offshore Chinese yuan. Bitcoin rose 4.21% to $104,739.17. Ethereum rose 4.17% to $2,499.02.
Time of India
an hour ago
- Time of India
Dollar gains ground against peers after robust US economic data
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The dollar rose against major currencies on Friday after data showed better-than-expected U.S. jobs growth in May despite a slowdown from the previous month, suggesting the Federal Reserve might wait longer to cut interest Department data showed that employers added 139,000 jobs in May, fewer than the 147,000 jobs added in April, but exceeding the 130,000 gain forecast in a Reuters poll of dollar was up 0.95% to 144.87 against the Japanese yen and added 0.26% to 0.822 against the Swiss franc . The greenback extended gains against both safe-haven currencies following the U.S. currency was headed for a second straight weekly gain against both the yen and franc, but it was still down about 8% year-to-date and about 9% year-to-date, respectively, against both dollar has been weighed down by uncertainty from President Donald Trump's tariff policies and the prospects of negotiations with trading partners including China, the deficit spending and tax bill being considered in the U.S. Senate after it passed the House of Representatives, and the trajectory of recent economic data , said Eugene Epstein, head of structuring for North America at Moneycorp in New the market is starting to reverse some of its short positioning against the dollar in the wake of stronger-than-expected economic data, including the jobs data, Epstein said."Every bank is forecasting a weaker dollar, which I think is probably the right call long-term. But now you have this stretched positioning and suddenly reversing everything since you have stronger jobs numbers and stronger hourly earnings. The numbers are stronger overall and now good news is bad news because the 10-year yields went up so the rate cuts are not going to come," Epstein euro added to losses against the dollar immediately after the jobs data and was down 0.43% at $1.1395. It is still up about 10% year-to-date against the single currency, which is headed for a weekly gain against the greenback, had hit a six-week high of $1.14950 on Thursday following comments by European Central Bank President Christine Lagarde that the central bank was nearing the end of the monetary policy easing dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.53% to 99.20 on the session, but it is on track to notch a weekly and Chinese leader Xi Jinping held a rare leader-to-leader call on Thursday, as tensions over tit-for-tat tariffs appear to be easing. The dollar strengthened 0.23% to 7.191 versus the offshore Chinese yuan. Bitcoin rose 4.21% to $104,739.17. Ethereum rose 4.17% to $2,499.02.
