Economy

Putin proposes Russia, Japan sign historic peace treaty

Putin proposes Russia, Japan sign historic peace treaty

In an attempt to break an impasse, the Abe administration has proposed bilateral economic cooperation in Russia's Far East region and joint economic activities on the Russian-held, Japanese-claimed islands as a means to pave the way for settling the decades-long territorial dispute and eventually signing a peace treaty.

Putin made the proposal during a plenary session of the Eastern Economic Forum in Vladivostok, Russia, in response to a question from a coordinator after Prime Minister Shinzo Abe delivered a speech.

"Let's conclude a peace agreement, not now but by year's end without any preconditions", Putin said, referring to Japanese Prime Minister Shinzo Abe, who along with Chinese President Xi Jinping participated in the conference.

"I don't want to comment on what President Putin said", Suga said at a regular briefing in Tokyo.

Since the mid-20th century, Russian Federation and Japan have been holding consultations in order to clinch a peace treaty as a follow-up to World War II.

Kremlin spokesman Dmitry Peskov, speaking to reporters, described Putin's proposal as an impromptu idea and said the two leaders had not yet discussed it.

It has kept the two countries from signing a peace accord that would formally end their wartime hostilities.

More news: Samsung may launch a silver Galaxy Note 9

Russian Federation and Japan did not sign a formal peace treaty after the end of WWII in 1945, and the absence of an agreement has strained relations ever since.

In his remarks on September 12, Putin said concluding a pact would create a better atmosphere and enable Russian Federation and Japan to "continue to resolve all outstanding issues like friends".

Still, a former Russian Deputy Foreign Minister, Georgy Kunadze, felt this could be political posturing from Putin. "Putin does not expect anything", Kunadze told the Echo of Moscow radio station.

On Tuesday, Russia-China Investment Fund (RCIF) - a joint undertaking of the state-owned China Investment Corporation and Russian sovereign wealth fund - announced that a group of of Russian and Chinese businesses are considering 73 joint investment projects, with a cumulative value of more than $100 billion.

Lying near the Japanese island of Hokkaido, the territory was taken over by Red Army troops in the final days of World War II.

Relations between China and Japan soured in 2012 over a territorial dispute over several tiny islands in the East China Sea.


  • Everything Apple didn’t announce at its event: Macs, iPads, and more

    Everything Apple didn’t announce at its event: Macs, iPads, and more

    The iPhone Xs and iPhone Xs Max keep the iPhone X thin-bezel body style with display notch for front-facing cameras and sensors . There are some new tools to monitor how much time you spend looking at your phone and some tweaks to how notifications display.
    Chinese troops take part in Russia’s biggest military exercise in 40 years

    Chinese troops take part in Russia’s biggest military exercise in 40 years

    President Vladimir Putin treated Xi to pancakes with caviar and shots of vodka in a show of their warm rapport. The event, called Vostok or East 18, began as President Putin met President Xi of China.
    President Trump Calls Response to Puerto Rico's Hurricane Maria an 'Unsung Success'

    President Trump Calls Response to Puerto Rico's Hurricane Maria an 'Unsung Success'

    In a series of tweets this morning, Trump said FEMA and others are ready for Florence, but warned residents in the affected area to get out.
  • Google will discontinue Inbox by March 2019

    Google will discontinue Inbox by March 2019

    As per the given timeline, Google can be expected to introduce other features from Inbox into the Gmail desktop and app. Google claims this is in the works, but did not give an official timeline as to when to expect the feature.

    Americans' incomes rise, but annual gains are slowing

    The report showed that the poverty rate - the percentage of people living in poverty - fell to 12.3 percent previous year from 12.7 percent in 2016.

    High-definition video from space shows the extreme power of Hurricane Florence

    Alexander Gerst, a German astronaut who's now orbiting Earth from 250 miles up, has a warning for humans on the planet below him. Astronaut Alexander Gerst provides a view straight down into the eye of Hurricane Florence, headed toward the U.S.
  • Florence path shifts, could impact Middle Georgia late this weekend

    He underlined the point that even if you call 911, there is a chance rescue services may not be able to get to you. Hurricane Florence continues to barrel towards the East Coast .
    GoFundMe couple will likely face indictment, lawyer says

    GoFundMe couple will likely face indictment, lawyer says

    McClure and D'Amico then set up a GoFundMe for Bobbitt that went viral, with more than 14,000 people donating a total of $402,706. It was a almost a year ago when Johnny Bobbitt gave his last $20 to help out a young woman who had run out of gas on the highway.
    Concerns missing Chinese actor Fan Bingbing has fallen foul of authorities

    Concerns missing Chinese actor Fan Bingbing has fallen foul of authorities

    Beijing Normal University has placed Fan last in an academic report ranking A-list celebrities on their social responsibility. The 36-year-old has been China's highest-paid actress since 2013, Forbes reported last year .
  • Apple Watch 4 wants to keep you fitter and more alive

    Apple Watch 4 wants to keep you fitter and more alive

    The Apple Watch Series 4 will be available directly from Apple, either at brick-and-mortar Apple Store locations or online. Williams also said the watch's battery life would be the same as the previous edition of the Apple Watch, at 18 hours.
    Jamie Dimon immediately regrets bragging he could beat Donald Trump

    Jamie Dimon immediately regrets bragging he could beat Donald Trump

    Dimon, 62, has said publicly in the past he will not run for president and does not have the temperament for the job. Dimon immediately walked those comments back and said he isn't running for the country's top office.
    Jeff Fager claims he was sacked  over a text message

    Jeff Fager claims he was sacked over a text message

    Fager said he would not have thought that one note would have resulted in a dismissal after 36 years at the network, "but it did". CBS News president David Rhodes announced Fager's exit in a note to staff Wednesday.