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Japan’s current law does not allow the government to confiscate the reserves of foreign central banks held by the Bank of Japan (BOJ), Finance Minister Shunichi Suzuki said on Monday.
Suzuki made the remark in parliament when asked about Russia’s foreign reserves parked with the BOJ that have been frozen as part of sanctions against the country’s invasion of Ukraine.
U.S. envoy, Kishida visit Hiroshima memorial amid nuclear fears
Nikkei – Mar 27
U.S. Ambassador to Japan Rahm Emanuel and Japanese Prime Minister Fumio Kishida visited an atomic bomb memorial site in Hiroshima on Saturday, in a show of support for a world without nuclear weapons as fears about Russia using the devastating arms are growing.
Japan to ban luxury car exports to Russia
Japan Today – Mar 26
Japan is planning to ban exports of luxury cars to Russia as early as next week as part of its expanded sanctions on Moscow over its invasion of Ukraine, government officials said Friday.
Russia punishing Japan due to Ukraine crisis
Mahanology – Mar 23
Russia said it was withdrawing from negotiations with Japan aimed at signing a formal World War II peace treaty because of Tokyo’s tough stance against Moscow’s invasion of Ukraine.
Japan eyes more stimulus as record budget clears parliament
channelnewsasia.com – Mar 22
Japan stands ready to take further stimulus steps as economic and financial market uncertainty emerges over the Ukraine crisis, policymakers said on Tuesday (Mar 22), as parliament approved a record US$900 billion state budget for the next fiscal year.
Japan PM to propose limits on U.N. Security Council vetoes
Nikkei – Mar 19
Japanese Prime Minister Fumio Kishida will propose reforms at the United Nations to limit veto powers held by the Security Council’s five permanent members, Nikkei has learned, after Russia last month blocked a resolution condemning its invasion of Ukraine.
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