1/11 Galaxy News: Japan And The U.S. Are Considering A New Framework For Export Controls On Advanced Technology; The Price Of A New Apartment In Tokyo Is 13.4 Times The Average Annual Income

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1.Japan-U.S. Research Base for Next-Generation Fast Reactors

Yomiuri reported on Jan 10 that as part of the Japan-U.S. plan to develop the next generation of fast reactors, the government would greatly expand the functions of the Japan Atomic Energy Agency’s “Athena” (Ibaraki Prefecture) experimental facility for fast reactor research. Of the related budget of 900 million yen, 600 million yen has already been invested in starting the necessary construction. At the same time, the government will hasten the construction of safety measures to restart the experimental fast reactor Joyo (currently shut down) as soon as possible. Both facilities will be used as a joint base for fast reactor research in Japan and the United States.

2Japan and the U.S. Are Considering a New Framework for Export Controls on Advanced Technology

According to Yomiuri on Jan 10, the Japanese and U.S. governments are considering the creation of a new framework to regulate the export of advanced technology, it has been revealed. In addition, they look to work with volunteer countries in Europe that share their values. The idea is to stop exports to Communist China, which is pursuing a strategy of “military-civilian fusion,” in which advanced civilian technology is used to enhance its military power. The specific targets of the restrictions are still being worked out, but they may include semiconductor manufacturing equipment, quantum cryptography, and technologies related to artificial intelligence (AI). The U.S. Biden administration has already announced its intention to control multilateral exports of technologies that may be misused for human rights abuses, but this will be a different framework.

3Queues for Free PCR Tests at Various Locations

With the rapid spread of the CCP Virus (or COVID-19), some of the free PCR testing centers set up around the country had lines of people waiting to be tested on the 10th. Many of them were young people, who said, “I wonder if they got infected by going away from home,” and “It’s scary that there has been a sharp increase in the number of young people,” Kyodo News reported on Jan 10. At a private PCR testing center in front of JR Shinjuku Station in Tokyo, Tokyo residents can take the test free of charge, a line formed outside the building, and staff in protective suits hurriedly led the way.

4The Price of a New Apartment in Tokyo Is 13.4 Times the Average Annual Income

TV-Asahi reported on Jan 10 that according to Tokyo Kantei, the “annual income multiplier,” which indicates how many times the average price of a new condominium is compared to the average annual income, was 8.4 times the national average in 2010. For example, the average yearly income in Tokyo is 5.96 million yen, but the average price is 79.89 million yen, 13.4 times higher. In addition, the “annual income multiplier” is likely to remain high, as demand is strong among seniors as a “final home” and among the wealthy as a tax-saving measure.

5Japan Pressures Indonesia to Lift Coal Export Ban

Kyodo News reported on Jan. 10 that Japan’s industry minister was in Jakarta on Monday to ask for the lifting of a month-long ban on coal exports from Indonesia imposed on Jan. 1. The two ministers also agreed to promote ammonia for power generation in the Southeast Asian country to reduce its carbon dioxide emissions, mainly as Jakarta aims to be carbon-free by 2060. To generate electricity, the two countries signed a memorandum of cooperation on mixing coal with ammonia, a substance that emits no carbon dioxide when burned.

6Japanese Government Will Raise 5 Trillion Yen Through Stock Sales for Post-Earthquake Reconstruction in 2011

The Japanese government is expected to raise more than 5 trillion yen ($43.2 billion) from the sale of shares to advance the reconstruction of the northeastern region hit by the devastating 2011 earthquake and tsunami, Kyodo News reported Jan 10. Proceeds from the sale of stakes in Japan Tobacco and Japan Post Holdings have reached about 4.87 trillion yen, reaching the initial target range of 4.5 trillion yen to 5 trillion yen. The Finance Ministry expects the government to raise an additional 170 billion yen by FY 2027 by selling off its stake in Tokyo Metro. The government is spending 31 trillion yen on reconstruction in the ten years of fiscal 2020.

【Himalaya Japan Galaxy- Alpha Planet】
Translator: Seentiz Homma (帆間知津)
Proofreading: Totoro

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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