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Shinzo Abe to Propose Plan for Creating 700,000 U.S. Jobs

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Prime Minister Shinzo Abe intends to propose during a meeting with U.S. President Donald Trump on Feb. 10 a bilateral economic cooperation plan, including the creation of a $450 billion (¥51 trillion) market through railways and other infrastructure investments in the United States to generate 700,000 jobs, The Yomiuri Shimbun has learned.

Trump has recently been stepping up criticism against the Japanese car market and the depreciation of the yen. Given the circumstances, Abe plans to emphasize during the upcoming talks that the bilateral cooperation will be of great advantage to the U.S. economy.

A draft for the Japan-U.S. economic cooperation plan sets forth bilateral cooperation in five fields as the “Japan-U.S. growth and employment initiative.” The five fields are: development of the world’s most advanced infrastructure in the United States; drawing on demand for infrastructure around the world; research and development of robots and artificial intelligence; collaboration in new areas such as cyber and space; and cooperation in employment and defense.

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The envisioned infrastructure development in the United States includes high-speed railway projects in the northeastern part of the country, and in Texas and California, to which Japan would provide technical cooperation and extend low-interest loans. Japan would also help replace as many as 3,000 train cars currently in use on railways and subways with new models over the next 10 years.

Japan would further cooperate in highly efficient gas-fired power generation and the latest compact nuclear power generation systems.

In the research and development field, the draft calls for cooperation between Japan, which has the edge in robot technology, and the United States, which leads the world in AI technology.

Japan and the United States will jointly develop robots to be used for inspecting aging infrastructure, decommissioning nuclear power plants, and carrying out medical diagnosis and surgery.

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Why Are They Cheering in Tehran?

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Frederick Kagan writes: The nuclear agreement with Iran announced Tuesday is an astoundingly good deal, far surpassing the hopes of anyone . . . in Tehran. It requires Iran to reduce the number of centrifuges enriching uranium by about half, to sell most of its current uranium stockpile or “downblend” it to lower levels of enrichment, and to accept inspections (whose precise nature is yet to be specified) by the International Atomic Energy Agency, something that Supreme Leader Ali Khamenei had wanted to avoid.

“The main achievement of the regime’s negotiators is striking a deal that commits the West to removing almost all sanctions on Iran, including most of those imposed to reduce terrorism or to prevent weapons proliferation.”

But the agreement also permits Iran to phase out the first-generation centrifuges on which it now relies and focus its research and development by exclusively using a number of advanced centrifuge models many times more efficient, which has been Tehran’s plan all along. The deal will also entirely end the United Nations’ involvement in Iran’s nuclear program in 10 years, and in 15 years will lift most restrictions on the program.

“Experts will debate the value of the concessions Iran has made on the nuclear front, but the value to Iran of the concessions the U.S. has made on nonnuclear issues is immeasurable.”

Even that, though, is not Tehran’s biggest win. The main achievement of the regime’s negotiators is striking a deal that commits the West to removing almost all sanctions on Iran, including most of those imposed to reduce terrorism or to prevent weapons proliferation. Most of the sanctions are likely to end in a few months. Thus the agreement ensures that after a short delay Iran will be able to lay the groundwork for a large nuclear arsenal and, in the interim, expand its conventional military capabilities as much as the regime pleases. The supreme leader should be very proud of his team.

“The Obama administration seems to be betting that lifting sanctions will cause Iran to moderate its behavior in both nuclear and nonnuclear matters. The rhetoric and actions of the regime’s leaders provide little evidence to support this notion and much evidence to the contrary.”

The agreement consists of 159 pages of opaque prose, and key sections are referred to but are not clearly marked. Even figuring out the timeline embodied in the deal is hard, but it appears to run about as follows:

[Read the full text here, at WSJ]

“Finalization Day” was July 14. The agreement stipulates that a resolution will be submitted to the United Nations Security Council “promptly after the conclusion of the negotiations . . . for adoption without delay” that will “terminate” all preceding U.N. Security Council resolutions against Iran. The document doesn’t mention the 60-day window for review by the U.S. Congress, and the language in this section suggests that action in the U.N. will not await any congressional vote. Read the rest of this entry »