Welcome to NHK Newsline. I'm Morishita Erika in Tokyo.
TAKAICHI IN WASHINGTON FOR SUMMIT WITH TRUMP
Japanese Prime Minister Takaichi Sanae is in Washington for talks with US President Donald Trump.
On the agenda are the situation in Iran and Japanese investment in the United States.
For Takaichi, it will be her first summit at the White House, but her second face-to-face meeting with Trump.
Before departing, Takaichi told reporters that global peace and stability are under threat.
She cited risks to navigation in the Strait of Hormuz and to energy security.
00:00:48 話者 11/Takaichi Sanae
It is important that the situation is de-escalated as soon as possible.
And that efforts are made for peace and stability in the Middle East, including energy security. I want to hold thorough discussions based on Japan's position and views.
00:01:08 話者 1
The Prime Minister stressed the need to maximize Japan's national interests.
She warned if the current instability continues, it will seriously affect the economies of Japan, the US, and other countries.
Takaichi also hopes to reaffirm the importance of the Japan-US alliance.
As part of a broader bilateral cooperation, she plans to tell Trump that Japan will work with the US to boost American crude oil production.
Meanwhile, final preparations are underway for the two leaders to announce a second set of projects. They related to a deal struck last year for Japan to invest $550 billion in the US.
The two countries will also draw up an action plan to introduce a floor price for rare earth and other key minerals.
The mechanism is intended to protect rare earth producers from price swings caused by low-cost Chinese exports.
Japan has been moving to diversify its supply and reduce its dependence on China.
ANALYSIS: FORMER AMBASSADOR'S EXPECTATIONS OF SUMMIT MEETING
For more on what to expect at the upcoming summit, earlier, I spoke with Sugiyama Shinsuke.
He's a former Japanese ambassador to the US and served during Trump's first term.
There have been major political developments since these two leaders last met in October.
So how significant is the timing of this summit and what does it mean for both Takaichi and Trump?
00:02:45 話者 2/Sugiyama Shinsuke
Yeah, well, as you rightly mentioned, lots have taken place since the last summit meeting last October. Of course, Japan, Takaichi had landstrait general election victory.
00:02:56 話者 1
Yes.
00:02:56 話者 2
But for the POTUS, the current United States of America president, America did take a military action against the beginning of this year, but among them all, this Iran.
So notably, the two leaders must be engaged in dealing with this discussion about the Iranian situation.
00:03:19 話者 1
And over the weekend, Trump hoped countries, including Japan, would send ships to help secure the Strait of Hormuz.
And just days later, he claimed the US no longer needs support.
So do you believe he will still ask for Japan's cooperation during the summit?
And what do you think Japan's response should be?
00:03:41 話者 2
Actually, very few people would be able to tell what the real intention, what the real action, the part of the POTUS is.
So, but I think all what the Prime Minister Takaichi would be able to say or do is to take actions based upon the domestic legal requirements and domestic law of Japan.
So I think Prime Minister Takaichi is going to talk to the reporters in a very certain manner on that basis.
00:04:18 話者 1
And I would like to ask you about the situation of Iran.
Japan traditionally has friendly ties with Iran. And what could Takaichi do during this summit, and if anything, to help de-escalate the situation in Iran?
00:04:32 話者 2
You're quite right that while the US is the single ally to Japan, but at the same time Japan has been enjoying a very traditional good relation with Iran.
even after Iranian revolution in 1979.
But on that basis, I think Japanese government, Japanese people have been telling Iranians that they must stick to the Pacific and peaceful uses of nuclear energy, not try to develop anything nuclear weapons or missile activities.
And then it is in that context Japan is the number one student in terms of the peaceful uses of nuclear energy.
So I think It is really, really right moment for Japanese government to tell the Iranian government or leaders that they should stick to that idea and not to try to develop anything nuclear arsenals.
00:05:27 話者 1
And that is what Japan and US wants to discuss about.
00:05:31 話者 2
I think so. And then everybody has been suffered from, suffering from Iranian development of nuclear arsenals and missile technologies.
But at the same time, no one wants to see the areas have been blocked by anything military, particularly the home strait.
So I'm sure they will discuss how to handle the current difficult situation in relation to Iran.
00:06:00 話者 1
And last year, Japan agreed to invest $550 billion in the US, and details of the first projects were released last month, with the next batch possibly announced during this summit.
What could Trump possibly ask Japan for next?
00:06:16 話者 2
I would say that a fundamental deal has been already done on the table.
So all we, the Japanese side as well as the American side, and Prime Minister Takaichi in the porters Should and want to do is to surely implement what have been agreed upon on the table, and then that's exactly what the government of Japan is doing, and then that's exactly what the port and the American government is doing together with the Japanese government.
00:06:43 話者 1
And at last, following this meeting, Trump was supported to visit China, but that has now been postponed.
Given the strained relationship between Tokyo and Beijing, how much will China be focused at the summit? And will they discuss a plan for free?
00:06:58 話者 2
I would say everybody in the international community should pay that much very high attention to this summit meeting between the Prime Minister and the porters because of reasons, including China.
But the fact that the current president postponed his scheduled visit to Beijing is, I don't think, nothing to do with the importance of Sino-US or Sino-Japan or anything, but because of this Iranian very much urgent military as well as political and economic situation.
So as Porter's been saying that this is only a postponement and surely he's going to just try to visit Beijing within four or five or six weeks or something, not that much distant future.
So China points...
not gone, China discussion, something about China or Taiwan or related issues are going to be discussed surely between the two leaders and then things about China is going to stay as one of their top agenda for everybody.
00:08:08 話者 1
And in your opinion, will the two leaders be able to navigate all these difficult situations?
00:08:13 話者 2
Well, I wouldn't say very easily that they would with easiness, but I'm sure this summit meeting is going to be a great success.
Because I would say that I'm told that Prime Minister Takaishi should be accommodated in Blair House, which is the state guest house, and then the porters is ready to host the two meals, lunch, working lunch, as well as dinner which is really extraordinary thing.
So that shows how much US is welcoming Japanese Prime Minister Takaichi.
00:08:52 話者 1
Iranian media outlets said on Wednesday natural gas and oil facilities in the south of the country had been attacked.
US President Donald Trump denies his country's involvement.
Following the report, the Islamic Revolutionary Guard Corps issued a statement vowing retaliation on oil and gas-related facilities in other Gulf countries.
A state-run energy firm in Qatar said on Wednesday that missiles had struck Razrafan industrial city, causing extensive damage.
The Qatari Ministry of Defense said There were two separate strikes on Wednesday night and in the early morning of Thursday.
Also on Wednesday, President Trump revealed that Israel struck facilities in Iran while denying US involvement.
He wrote in a social media post that Qatar was also not involved in the attack.
He said further Iranian attacks against Qatar would result in significant retaliation from the United States.
Foreign ministers from a number of Arab and Islamic countries held a meeting in Riyadh, Saudi Arabia, in response to the escalating attacks.
Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al Saud spoke at the news conference after the meeting.
00:10:19 話者 3/Prince Faisal bin Farhan Al Saud/Saudi Arabian Foreign Minister
I have to tell you, what little trust there was before has completely been shattered.
00:10:27 話者 1
Meanwhile, Reuters news agency reported on Wednesday that the Trump administration is considering deploying thousands of US troops to step up its campaign against Iran.
The Washington Post reports that the Department of Defense has submitted an additional budget bill worth more than $200 billion to cover the cost of military operations.
Trump had been scheduled to visit China at the end of the month for a meeting with President Xi Jinping.
White House Press Secretary Karoline Levitt said on Wednesday that the Chinese have now agreed to postpone the visit.
Trump is now believed to be making arrangements for a visit in late April.
ZELENSKYY WORRIED ABOUT IMPACT OF IRAN CONFLICT ON UKRAINE
Ukrainian President Volodymyr Zelenskyy says he's worried about the future of his country's missile defense systems.
He warned that supplies of US Patriot missiles could run short if the offensive in Iran is prolonged.
Zelenskyy told the BBC in an interview on Wednesday that there will definitely be a deficit of US Patriot missiles when the stockpiles in the Middle East are exhausted.
He said that on the first day of what he called the Middle East war, the number of missiles used amounted to the number produced in the air.
The remarks come as the Ukrainian president had been requesting additional patriot systems, calling them indispensable to intercept ballistic missiles from Russia.
Zelenskyy also noted that trilateral diplomatic talks among Kyiv, Moscow, and Washington are constantly being postponed due to the war in Iran.
BUSINESS
Now, let's see what's happening in the world of business.
Here's Ramin Mellegard from The BizDesk.
00:12:23 話者 3/Ramin Mellegard
Thank you very much indeed.
BOJ HOLDS RATES STEADY AMID TENSIONS OVER MIDDLE EAST
Now, the Bank of Japan says it will keep its benchmark interest rate unchanged.
Policymakers noted they need to carefully monitor economic and price data as oil prices rise amid the situation in the Middle East.
The BOJ said at the end of its two-day policy meeting on Thursday that it will continue to target a short-term rate of around 0.75 percent.
It's the second time in a row for the BOJ to maintain the level following a rate hike in December.
The central bank said the economy is likely to continue growing moderately, but the bank noted that higher prices for crude could push up inflation and weigh on growth.
00:13:09 話者 13/Ueda Kazuo/Bank of Japan Governor
The key point is the impact of the situation in the Middle East.
We will look at how much downward pressure worsening conditions stemming from rising oil prices could have on the economy.
00:13:23 話者 3
Ueda went on to say such downward pressure might be stronger than when Russia started its full invasion of Ukraine.
The bank has indicated plans to raise rates gradually if economic activity and prices improve in line with its January report.
ANALYSIS: IRAN CONFLICT LOWERS APPETITE FOR RATE HIKES
Now, we spoke with Kobayashi Shunsuke, chief economist at Mizuho Securities, who tells us what's behind the BOJ's decision.
00:13:51 話者 4/Kobayashi Shunsuke
There are three reasons. The first is that the BOJ wants to continue monitoring the situation following the rate hike in December. Second is that inflation is not accelerating. Rather, the pace is slower compared to the past three years. This is partly because of government subsidies and tax cuts.
But even when these factors are excluded, inflation is still slowing down.
So the BOJ has little reason to rush to raise rates.
Third, the situation in Iran and the rest of the Middle East is causing great uncertainty around the outlook for the economy and inflation.
The central bank cannot decide policy based on a single scenario when this much uncertainty exists. That's why the BOJ has decided to keep rates unchanged.
00:14:39 話者 3
The key question remains, when will the BOJ resume interest rate hikes?
Kobayashi thinks July is the most likely timing, but he says the uncertainty in the Middle East poses a challenge.
00:14:53 話者 4
If the situation surrounding Iran continues to be tense, energy prices will remain high, and the pace of inflation will exceed the forecast.
The BOJ is unlikely to raise rates quickly to try and rein in rising prices.
But if the expected inflation rate goes up, and concerns grow about greater underlying inflation, the central bank may be forced to slightly move up the timing of a hike.
00:15:25 話者 3
All eyes will be on the Iran conflict to see how it impacts Japan's economy going forward.
JAPAN BEGINS MOVING TO LOWER GASOLINE PRICES
The Japanese government is hoping to limit pain at the pump by moving to lower gasoline prices.
Japanese officials aim to keep the retail price of gasoline at around 170 yen per liter. That's about $1.06.
The EU government is providing subsidies to oil wholesalers for the amount exceeding the target. The initiative will apply to fuel shipments starting from Thursday.
The Oil Information Center, which monitors price trends, says as of Monday, regular gasoline averaged 190.8 yen. That's its highest level since 1990, when the survey began.
The Economy Ministry says it will provide a subsidy worth 30.2 yen a liter for a week from Thursday. The amount will be reviewed regularly.
MARKETS
Okay, let's get a check on the markets.
♪
And that is it for business news.
SEOUL BRACES FOR CROWDS AS BOY BAND BTS RETURNS
00:17:12 話者 1
K-pop fans from around the world are gathering in Seoul for a superstar comeback.
A boy band, BTS, went on hiatus four years ago so its members could complete their mandatory military service.
Now, they're set to reunite on stage for the first time this weekend, but the city is bracing for potential problems.
For more, earlier, I spoke with NHK's Kim Chan-ju, who was standing by near the venue.
So, Chan-ju, what's the atmosphere like there in Seoul?
00:17:48 話者 5/Kim Chan-ju
Excitement is in the air. I'm near Gwanghwamun Square where BTS will perform.
As you can see over here, there are huge billboards all over paying tribute to the band.
People keep stopping to take pictures. It feels like the whole city is buzzing.
The concert itself will take place smack in the heart of Seoul.
This is what the square usually looks like. It's iconic in its own right.
It's not only a place to relax in a bustling city, but also home to the foreign ministry, embassies and even the presidential office is nearby.
Now, it's being transformed into a concert arena.
Over 22,000 people won free tickets to the event.
But it's a lot of work to accommodate that many people.
For example, they've set up 2,400 portable toilets near the venue.
Officials have also been busy cleaning up local shopping districts for the occasion.
And the city says thousands of fans without tickets are also expected to hit the streets.
Many have flocked to Seoul just to mark the band's return.
00:19:03 話者 13
We chose this year to come here, because of that we hope to see the concert, but unfortunately we didn't get the tickets.
00:19:14 話者 5
But the influx is also putting a strain on local businesses.
Most hotels near the square are fully booked.
And restaurants are also bracing for increased demand.
This restaurant added foreign languages to its menu and plans to do its part to ease the strain on the city.
00:19:34 話者 4/Kim Seong-dae/Restaurant owner
The Seoul city government has asked businesses to make their bathrooms available to the public. We decided to participate in open hours as well.
00:19:43 話者 1
With that many people, are there concerns about safety?
00:19:50 話者 5
Absolutely. Again, over 20,000 fans will attend the concert.
But the city estimates 10 times more will gather near the venue.
So we are talking about over 200,000 people.
In an effort to reduce congestion, the subway won't stop at stations near the venue, and over 30 buildings around here will close for the day.
The mayor says he will also deploy over 3,000 personnel to help keep people safe.
00:20:24 話者 15/Oh Se-hoon/Seoul Mayor
To prevent any issues, please check the site carefully for places where people may gather or crowd together. Take whatever reinforcement measures are necessary.
We must keep in mind that accidents are born from just a little carelessness.
00:20:39 話者 5
He also upgraded the city's alert level.
After a fire at a capsule hotel last Saturday, the blaze left 10 foreign tourists injured.
He urged officials to re-examine safety conditions in accommodation facilities.
As for crowding, the city will be managing crowd density in real time using CCTV.
Police will be sent out in case of emergency.
00:21:06 話者 1
This is seriously such a huge event.
What does this tell us about the scale of the K-pop industry now?
00:21:16 話者 5
One expert told me K-pop has moved beyond just an entertainment industry into a core growth engine for the nation.
Professor Shim Ichul says the K-pop industry is worth over 3 trillion won, or about 2 billion dollars.
That may seem small compared to traditional sectors, but Shim says it also propels other industries like beauty, food and tourism.
00:21:46 話者 16/Sim Hee-chul/Professor, Dong-ah Institute of Media and Arts
I think from a global perspective, the K-pop industry looks much larger than it actually is.
K-pop is a great tool to lead not only our culture, but also our national brand.
So I think our government should support K-pop as a strategic industry.
Saturday's concert will be broadcast live to 190 countries.
People here hope it will cement Gwanghwamun as the stage for K-pop and attract more visitors from around the world.
VIENNA BOYS CHOIR TO SING ORIGINAL JAPANESE-LANGUAGE SONG
00:22:32 話者 1
A world-renowned voice choir in Austria, known for their angelic voices, have released their first original song in Japanese.
The song is called Moon Boat. A Vienna voice choir unveiled it to the media at a palace in the Austrian capital on Wednesday.
The song was created by Japanese composer Fujikura Dai to commemorate the 100th year since the choir started touring overseas.
Fujikura is now based in Britain.
Moon Boat is said to have been inspired by works of Japanese literature.
One of the boys, Ishishima Tenpu, is originally from Tokyo.
00:23:23 話者 31/Ishijima Tempu/Vienna Boys Choir member
I'm very proud of being able to sing on behalf of everyone to celebrate 100 years.
00:23:29 話者 32/Manolo Cagnin/Choirmaster
I think a lot of fans and a lot of people are waiting for us, and I'm very proud and very happy to sing the Japanese song.
00:23:39 話者 1
The choir was founded more than 500 years ago.
They will present Moonboat during their Japanese tour, scheduled to start in May.
HIROSHIMA TO IDENTIFY MORE A-BOMB VICTIMS FROM HAIR
NHK has learned that authorities in Hiroshima city have found hair strands belonging to at least 40 atomic bomb victims in urns at the city's Peace Memorial Park.
It is hoped that further DNA analysis of the hair samples will enable authorities to identify more victims.
Unclaimed remains of about 70,000 people are entombed in a facility at the park.
Some of the remains include the deceased hair.
Last year, the city analyzed the DNA of one victim's hair sample at the request of their relatives.
Researchers concluded that the victim was a girl who was 13 years old when the atomic bomb was dropped on Hiroshima in 1945.
In February, city officials began examining the urns of over 800 identifiable victims, but whose relatives are unknown.
It's the first such survey to be conducted in about four decades.
WEATHER
Next, our meteorologist, Sayaka Mori, joins us now with the Sakura forecast.
00:25:06 話者 6/Sayaka Mori
Hello there.
It's officially Sakura season for Tokyo. Officials declared the first bloom on Thursday. That's five days earlier than usual. The peak will likely arrive next Wednesday.
And Hiroshima also enter the cherry blossom season.
The cherry blossom front will move up to the north, arrive in Hokkaido by late April.
Now Friday is the astronomical start to spring. It looks like snow is in the forecast in Sapporo, but Tokyo and Kyoto will see warmer conditions during the weekend.
and Kochi will likely see a return of rain on Sunday.
Talking about rain, a storm hit the financial capital, Pakistan.
We have some video. Take a look at this.
Deadly heavy rain and thunderstorms lashed Karachi overnight Wednesday, inundating streets and houses. Cars and motorists struggled along flooded roads.
The storm also caused power outages in the city.
The monsoon typically hit the area in summer and March is typically one of the driest months of the year.
However, heavy rain hit Karachi, so heavy rain is not common during this time of the year.
More rain is likely, but that should taper off by Friday, so that's at least good news.
Now talking about rain once again, we are looking at heavy rain heading towards Australia.
This is a powerful severe tropical cyclone called Narelle and it's a category 5 powerful one.
It's packing wind gusts of over 300 kilometers per hour. So it's like a gigantic tornado.
The center will likely move over the Cape York Peninsula by early Friday morning local time and then head towards the Northern Territory.
It looks like the landfill timing could be around Sunday morning.
So a lot of rain is on the way for northern Australia and also southern areas like Sydney.
So drenching rains on Wednesday and rain will likely persist here for a while, at least for the rest of the week. The high could be 27 on Friday.
That's it for me. Stay safe.
♫~ 3-DAY FORECAST ~♫
00:27:40 話者 1
That's all for this edition of NHK Newsline.
I'm Morishita Erika in Tokyo. Thank you for joining us.
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