Headlines

Rearming Japan: Ambition, constraints, and limits

Originally published by Pacific Forum, this article is republished with permission. In barely half a year, Prime Minister Sanae Takaichi has pushed Japan’s defense policy into unfamiliar territory. The FY2026 main defense budget has reached ¥9.04 trillion (approximately $58

Asia

Pageantry over policy: Takeaways from Trump's China trip

WASHINGTON, May 15 - U.S. President Donald Trump's two-day state visit to Beijing featured wide-ranging talks on Taiwan, Iran and trade with Chinese President Xi Jinping but yielded few concrete outcomes on the issues dividing the world's two largest economies.

Asia

Energy crisis set to worsen as Trump weighs renewed Iran assault

The global energy crisis caused by President Donald Trump’s war with Iran is set to worsen in the coming months, as The Wall Street Journal reported on Friday that the world is “burning through its oil safety net.” Even though oil prices surged at the start of the war, which

Asia

Trump expected to drop IRS suit in exchange for MAGA slush fund

The top Democrat on the House Judiciary Committee on Thursday accused US President Donald Trump of “orchestrating a $1,700,000,000 fraud on the American taxpayer to line the pockets of his MAGA political allies” amid new reporting on the terms Trump is seeking in talks to

Asia

Trump’s Beijing trip delivers optics, not breakthroughs

Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Salesman Trump leaves China with very little in his bagWilliam Pesek reports that Donald Trump’s high-profile Beijing summit yielded symbolism and corporate spectacle

Asia

Vietnam’s power bill hides a market economy lie

The proposal to gradually pass nearly 45 trillion dong (about US$1.8 billion) in accumulated losses from Vietnam Electricity (EVN) into future electricity prices reveals a deeper contradiction at the center of Hanoi’s economic strategy. For years, while Hanoi has persistently

Asia

Salesman Trump leaves China with very little in his bag

Few things enrage Donald Trump more than being upstaged, particularly when he is on the biggest stage of both his stints as US president — in Beijing. Though Trump World will deny that Nvidia CEO Jensen Huang did just that this week, he did. And global markets know it. Just as

Asia