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Showing posts with label righways. Show all posts
Showing posts with label righways. Show all posts

Wednesday, June 17, 2026

Japan at a crossroads; inside unit 731


Unpopular move? Protesters hold placards and lights during a rally against Takaichi’s administration for its military expansion policies in front of the parliament building in Tokyo last month. — Reuters 
 

LAST Octo­ber Sanae Takai­chi became Japan’s first female leader of both the Lib­eral Demo­cratic Party (LDP) and the gov­ern­ment.

The “lib­eral” in the LDP actu­ally means con­ser­vat­ive. Takai­chi her­self belongs to the hard­line rightwing Nip­pon Kaigi fac­tion of the party.

Soon enough, she would come to brush against China. Respond­ing to a ques­tion, she said Japan would take mil­it­ary action if China moved on Taiwan and affected Japan’s interests.

That soured China-japan rela­tions, trig­ger­ing bit­ter WWII memor­ies of a rightwing mil­it­ar­ist Japan invad­ing, occupy­ing and com­mit­ting war crimes in China. Those wounds have yet to heal.

Mod­el­ling her­self after Bri­tain’s brazen first female Prime Min­is­ter Mar­garet Thatcher, Takai­chi was unapo­lo­getic. She fur­ther prod­ded Beijing by seek­ing to revise Japan’s post­war Con­sti­tu­tion to favour mil­it­ar­ism, and work­ing with the US and its allies to con­tain China.

Other coun­tries began to regard Takai­chi’s Japan as poten­tially revi­sion­ist, bent on white­wash­ing its his­tory of war atro­cit­ies and may even repeat them. So is Japan get­ting ready to remil­it­ar­ise?

At issue is Art­icle 9 of the Con­sti­tu­tion on Japan’s mil­it­ary forces, offi­cially the Self-defence Forces (SDF) after Japan’s sur­render in 1945. Takai­chi wants to remove the SDF’S con­sti­tu­tional con­straints to enable an assert­ive mil­it­ary pos­ture abroad.

That is chal­len­ging because it requires two-thirds major­it­ies in both the Lower and Upper Houses of the Diet. While the LDP lacks sup­port from the lat­ter, it is work­ing to boost mil­it­ary power, capa­city and reach in other ways.

For the first time since 1945, Japan par­ti­cip­ated prom­in­ently in this year’s Us-led Balikatan mil­it­ary exer­cises with live-fire drills in the South China Sea. Japan will also be export­ing lethal weapons, man­u­fac­tur­ing to scale and expand­ing mil­it­ary links abroad.

Must this mean Japan is return­ing to its mil­it­ar­ist past of a cen­tury ago? Much depends on the pre­vail­ing regional real­it­ies.

The US is encour­aging other coun­tries to play a big­ger regional defence role. This is as true for Asia as it is for Europe, and applies for both Repub­lican and Demo­cratic admin­is­tra­tions.

A 2012 Us-japan treaty would halve the 19,000 Mar­ines in Okinawa by return­ing them to Guam, Hawaii and the US main­land. Deploy­ments to the Phil­ip­pines tend to be more lim­ited and ad hoc.

In post-wwii East Asia, US mil­it­ary hege­mony is seen to keep the peace by remov­ing the need for Japan’s mil­it­ary build-up. The same applies with Ger­many in Europe.

However, US bipar­tisan policy is retrench­ing long-term regional mil­it­ary post­ings. Mil­it­ary forces will still be deployed for lim­ited mis­sions, such as in Iran or Venezuela, but major post­ings in far-flung regions are another mat­ter.

Regard­less of who is head­ing Japan’s gov­ern­ment, Tokyo will want to look more to itself for its defence role and com­mit­ments.

Unlike Ger­many, Japan is not seen by other coun­tries to have fully atoned for its imper­ial wars and the dev­ast­a­tion they unleashed. An unre­pent­ant rightwing leader now lead­ing an appar­ent mil­it­ary revival only exacer­bates Japan’s trust defi­cits.

Non­ethe­less, mod­ern East Asia’s real­it­ies would inhibit if not pro­hibit any ultra-nation­al­ist Japan­ese leader from return­ing to the coun­try’s imper­i­al­ist past.

Such an out­come will not be accept­able to West­ern powers because Japan­ese nation­al­ism is anti-west­ern. A rampant nation­al­ist Japan will ali­en­ate all other sig­ni­fic­ant powers in a more developed Asia and a more mul­ti­polar world.

Eco­nom­ic­ally, Japan’s best days are over so it has insuf­fi­cient resources to chal­lenge the sov­er­eignty of other global stake­hold­ers includ­ing Asia’s middle powers. Its eco­nomy has slipped below Ger­many’s and India’s to fifth place, and con­tin­ues slid­ing.

Socially and insti­tu­tion­ally, Japan­ese hawks may be in a minor­ity even in Japan. Groups and indi­vidu­als stage protests against per­ceived drifts towards mil­it­ar­ism, in a coun­try where dis­sent­ing voices mat­ter.

Even within the LDP and other main­stream insti­tu­tions, evid­ence of an exclus­ive, mono­lithic bloc favour­ing mil­it­ar­ism is sparse. The gen­eral pub­lic still tends to be averse to rad­ical con­sti­tu­tional changes.

Former Prime Min­is­ter Yukio Hat­oy­ama cri­ti­cised Takai­chi’s petty pop­u­lism, stress­ing that Taiwan’s status is China’s internal affair. Former Deputy Prime Min­is­ter Yohei Kono inves­ted a life­time in build­ing bridges with China.

Another former Prime Min­is­ter, Yasuo Fukuda, accepts rein­ter­pret­a­tion of Art­icle 9 without des­cend­ing into pop­u­list mil­it­ar­ism. In 2017, then Prime Min­is­ter Shinzo Abe declared that Japan was ready to cooper­ate with China in the Belt and Road Ini­ti­at­ive, des­pite Abe being another mem­ber of the LDP’S Nip­pon Kaigi fac­tion.

Pro­fessor Mike Moch­izuki says the way for Japan to work with a way­ward Trump-led US is not to ali­en­ate China, but instead to improve rela­tions with Beijing and deepen Tokyo’s stake in the region. Takai­chi also hap­pens to be reach­ing out to Asean coun­tries like Malay­sia in busi­ness deals, and this should be encour­aged.

Kono passed away last Monday, while fine-tun­ing new plans for cooper­at­ing with China. Whether Takai­chi’s real­ism will even­tu­ally out­live her pop­u­lism remains to be seen.

Bunn Nagara is dir­ector and senior fel­low of the Renais­sance Stra­tegic Research Insti­tute, and hon­or­ary fel­low at the Perak Academy. The views expressed here are solely the writer’s own.


By BUNN NAGARA
Bunn Nagara

Bunn Nagara is dir­ector and senior fel­low of the Renais­sance Stra­tegic Research Insti­tute, and hon­or­ary fel­low at the Perak Academy. The views expressed here are solely the writer’s own.

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Tuesday, May 5, 2026

Harsh reality about estate planning in Malaysia

 

Filepic


OVER Rm90bil of wealth in Malaysia is currently frozen – not lost, not spent, just inaccessible.

Behind this staggering figure are families waiting months, sometimes years, to access money that could otherwise be used for mortgage payments, children’s education or medical bills.

This is the uncomfortable reality of estate planning in Malaysia. While many Malaysians work hard to build wealth through property, savings and investments, far fewer take the final step of ensuring that this wealth can be effectively passed on to their beneficiaries.

Estimates suggest that frozen estates in Malaysia have risen from Rm42bil in 2011 to as high as Rm90bil in recent years. According to a Bernama report in May last year, Rm13.3bil in unclaimed money was recorded by the Accountant General’s Department as of April 2025.

In news reports last year, Amanah Raya Berhad group managing director Ahmad Feizal Sulaiman Khan was quoted as saying that Rm65bil in assets, including real estate and cash belonging to deceased individuals, remain unclaimed due to lack of estate planning.

At the household level, this translates into delays, disputes and financial strain. At the national level, it represents idle capital that could otherwise contribute to economic activity.

Another reality that many overlook is that debts do not end when life does. Before any inheritance can be distributed, all of the deceased’s outstanding liabilities must be settled. This includes mortgages, personal loans, credit card balances and taxes.

In many cases, what appears to be a substantial estate might be reduced significantly after debts are cleared, leaving some families with far less than expected. In extreme cases, there may be nothing left at all.

Estate planning is often misunderstood as something complex or only relevant to the wealthy. In truth, it is a practical step that applies to anyone with dependents or assets.

From a practitioner’s perspective, three elements are critical.

First, legal clarity: A clear will or estate plan ensures that assets are distributed according to intention and reduces delays and disputes.

Second, debt awareness: Managing liabilities ensures that more of the estate can be preserved for beneficiaries rather than being consumed by obligations.

Third, liquidity planning: For families who need immediate access to funds, instruments such as insurance or structured arrangements can provide cash flow when it matters most without being tied up in legal processes.

These are not complicated strategies. They are basic safeguards that determine whether wealth can actually serve its purpose.

One of the biggest barriers to estate planning in Malaysia is attitude. Many people avoid the topic because it feels uncomfortable or premature while others assume they will get their assets without any complications.

But the evidence tells a different story. Failing to plan does not remove risk; it shifts the burden to the family often when emotions are high and urgent decisions must be made.

Estate planning should be viewed as a practical extension of responsible financial planning instead of a morbid exercise.

Ultimately, the true value of wealth lies not in how much we accumulate but in how effectively it protects the people we care about.

ASSOC PROF CHONG WEI YING Taylor’s Business School Taylor’s University

Friday, March 4, 2022

Cryptocurrencies not recognised as legal tender in Malaysia

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Cryptocurrency Not To Be Considered 'Legal Tender'; Centre To Treat It Like Stocks & Bonds

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Legal Tender? The Regulation of Cryptocurrencies

Cryptocurrencies will never become legal tender

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Demystifying Crypto: Digital Assets and the Role of Government

 

Cryptocurrencies not recognised as legal tender in Malaysia, says deputy minister

 ‘Cryptocurrencies not recognised as legal tender’ 

Useful assets:Although digital assets are not recognised as legal tender, Yamani added it still has many different usage including as a class asset that can be invested in

 

Cryptocurrencies are still not recognised as legal tender in Malaysia as they do not exhibit characteristics of universal money, says Deputy Finance Minister II Yamani Hafez Musa.

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Yamani said cryptocurrencies, also known as digital assets, are also not a payment instrument that is regulated by Bank Negara.
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“Digital assets such as bitcoin and Ethereum are not suitable to be used as a payment instrument as these assets do not exhibit characteristics of money.
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“In general, digital assets are not a store of value and a good medium of exchange.
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“This is due to the state of digital assets which is exposed to volatility as a result of speculative investments,” he said when replying to a question raised by Nurul Izzah Anwar (PH - Permatang Pauh) in Dewan Rakyat on Thursday (March 3).
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Nurul Izzah had asked about the government’s role in monitoring and regulating currency as well as cryptocurrency assets.
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She also asked if the government had any plans to create digital currency taking into account Bank Negara’s involvement in Project Dunbar for international money transfers using blockchain technology.
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In explaining the volatility of cryptocurrency, Yamani said bitcoin hit a peak of US$65,000 (RM272,382.50) in April 2021 but quickly saw a decline of 50% the following week.
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He also said cryptocurrency is exposed to the risk of theft in which statistics from 2011 to 2021 showed that digital assets worth US$12bil (RM50.29bil) have been stolen through cyberattacks and hacking.
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He added that bitcoin is also only able to process 10 transactions per second compared to 65,000 transactions per second on current payment systems such as Visa.
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“Also, what is important is the huge impact on the environment because the electrical power that is used to process one bitcoin transaction can process 1.2 milliob visa transactions.
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In 2020, the bitcoin network used 132 terra-watts per hour which is equivalent to the entire electricity consumption of Argentina,” he said.
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Yamani added that currently, Bank Negara has also not decided to issue a central bank digital currency (CBDC) as the country’s domestic payment systems including the Real-time Retail Payments Platform continues to operate safely and efficiently to support Malaysia’s economic needs and allows real-time digital payments.
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“Additionally, the monetary policy tools and existing finances also remain effective in maintaining monetary stability and the country’s finances,” he said.
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Although digital assets are not recognised as legal tender, Yamani added it still has many different usage including as a class asset that can be invested in.
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As such, he said the Securities Commission (SC) as the market regulator has set digital assets as a security under the law and is responsible to regulate its trading activities.- 

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Tuesday, March 1, 2022

US' human rights situation worsened in 2021: report

 

US human rights 

 

China's State Council Information Office on Monday issued the Report on Human Rights Violations in the United States in 2021. The report said the human rights situation in the US, which has a notorious record, worsened in 2021 as political manipulation led to a sharp surge in COVID-19 deaths, and shooting deaths in the country hit a new record.
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The report revealed that despite having the world's most advanced medical resources, the US has the biggest number of COVID-19 infections and deaths globally. But the US government isn't rethinking its approach and still lacks effective anti-epidemic plans. Instead, it stoked the origins-tracing of COVID-19, and has been keen on passing the buck, shifting the blame and political manipulation.
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The public security situation in the country also deteriorated and violent crimes remained prevalent. There were 693 mass shootings in 2021, up 10.1 percent from 2020. More than 44,000 people were killed in gun violence, according to the report. 

 US human rights violations in 2021. Graphic: GT
US human rights violations in 2021. Graphic: GT

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The report also highlighted the country's growing discrimination against ethnic minority groups, especially people of Asian descent with around 81 percent of Asian American adults saying violence against Asian communities is rising.
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Unilateral US actions created new humanitarian crises across the globe, the report noted. A US drone strike during US' withdrawal of troops from Afghanistan killed 10 members of an Afghan family, including seven children, among which the youngest was only two years old.
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The report pointed out that in 2021, the US public persona of "human rights defender" was totally debunked as the so-called "Summit for Democracy" under the guise of safeguarding human rights became a farce. At the 48th session of the United Nations Human Rights Council, many countries blasted the US for being the "biggest destroyer" of human rights in the world and urged the country to address its own human rights violations.
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It's universally acknowledged that the US has a big human rights problem. The problem is characterized by racial discrimination, the lack of respect for the disadvantaged, the disparity between the rich and the poor, and the number of shooting deaths every year, Li Haidong, professor at the Institute of International Relations of the China Foreign Affairs University, told the Global Times on Monday.
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So when the US talks about human rights issues in other countries, it must have a clear understanding of its own human rights situation, Li urged. But the tragedy is that the politicians in the country always turn a blind eye to US' poor human rights record and pretend to be "teachers on human rights" in the international community, said Li. He added that the US has no qualification and pointed out the fact is that chaos on human rights in other countries and regions have often been brought by the US.
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On the human rights issue, the US should learn to communicate with other countries and regions on an equal footing, instead of imposing its own standards on them, Li urged.
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Chinese observers also criticized the US of weaponizing human rights to smear and attack other countries and regions, saying it is a despicable act.

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Sunday, February 27, 2022

US’ real strategic color of selfishness, hypocrisy revealed in Ukraine crisis

Illustration: Liu Rui/GT 


 

 Click here to stay tuned with our live updates on Ukraine tensions.

 

Since dramatic changes took place in Ukraine, the US, which had repeatedly promised to protect Kiev at critical moments and continued to "add fuel to the fire" of the situation, has once again come into the spotlight. Ukrainian President Volodymyr Zelensky in a video speech complained that Western countries have abandoned Ukraine and left it to defend itself alone. Some Western netizens even asked: Where has the US been which provoked the war and said it "stands with Ukraine?"
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However, has the US really disappeared? On the contrary, it is quite busy gaining more "strategic interests" from the flames of war in Ukraine. The latest remarks by the US on the Ukraine situation released by the White House have underlined two points: First, turning Russia into "a pariah on the international stage" through sanctions and other measures; second, NATO has been "more united and more determined than ever" and this is "good news."
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As for Ukraine, which Washington uses as a pawn, in addition to reiterating that the US wouldn't send troops there, Washington only simply said it "will support the Ukrainian people as they defend their country," and "will provide humanitarian relief to ease their suffering." Washington has once again displayed its selfishness and hypocrisy to the world. People have seen that after the US pushed Ukraine into the fire, it stood aside, pretending to care about the country and saying "I support you, keep fighting!"
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It is fair to say the evolution of the situation in Ukraine until today is a geopolitical tragedy. From the very beginning, it's a bitter result of the US' strategic selfishness and shortsightedness. As early as 1998 when the US Senate approved NATO's eastward expansion plan, the late senior US diplomat George Kennan had foreseen today's tragedy. He said then, "This expansion would make the Founding Fathers of this country turn over in their graves."
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However, the arrogant American elites always think they can profit from crises. For years, the US has incited conflicts, manipulated the situations from offshore and reaped benefits. It is accustomed to be the one who adds the fuel to the fire without paying any cost. What it wants is to realize its instant interests. The US shows no consideration for the suffering of the locals pushed into the forefront. When there is a real crisis, the so-called commitments it initially made will only become empty diplomatic rhetoric. Those politicians don't care about the suffering of local people at all, but attempt to attract attention under the guise of "humanitarianism."
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This reminds people of when it abandoned the former Afghan regime last year, the US also said on multiple occasions it would provide "humanitarian" assistance to Afghanistan. But shockingly, the reality is that the so-called US "humanitarian" assistance hasn't been provided to the Afghan people, but the US carved up the $7 billion in frozen funds that Afghanistan's central bank had deposited in New York. As the culprit of the Afghan issue, after satisfying its own strategic interests, the US only left the locals "an avalanche of hunger and poverty," leading to the severe malnutrition of millions of children in Afghanistan.
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The US often talks about humanity, justice and morality, but what it really does is calculating interests. Washington's strategic selfishness and hypocrisy have been laid bare again and again in international political practices. Reports indicate that at least 37 million people have been displaced in and from Afghanistan, Iraq, Pakistan, Yemen, Somalia, the Philippines, Libya and Syria as a direct result of the wars fought by the US since September 11, 2001. There is even a saying that wherever the US "intervenes," conflicts, chaos and terrorism will appear.
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A country is called a major power not because of how strong its ability to form cliques or to realize its own self-interests is. What matters is its responsibility and ability to safeguard international peace. If a country only cares about its own interests, fuels the flames everywhere and constantly exports chaos to others, no matter how powerful it is, it is inevitable its credibility will go bankrupt and its hegemony will come to an end.
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For countries and regions that still have fantasies or act as pawns of the US, the Ukraine crisis is a good reminder: A "partner" who announces "good news" when you are in difficulties is untrustworthy

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