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Japan's Whisky Makers Drum Up Global Market For Their Drams

"Today's sentencing of RBS is an important reminder of the significant consequences facing banks that deliberately manipulate financial benchmark rates," Mythili Raman, acting head of the U.S. Department of Justice's criminal division, said in a statement. The Justice Department said the $50 million fine and plea were approved by U.S. District Judge Michael Shea in Hartford, Connecticut. RBS has offices in Stamford, Connecticut. More than a dozen banks and brokerage firms have been probed worldwide over alleged Libor manipulation. Barclays Plc, ICAP Plc and UBS AG have also reached settlements with U.S.
More: http://www.reuters.com/article/2014/01/06/us-rbs-libor-idUSBREA050ZZ20140106

U.S. judge orders RBS unit in Japan to pay $50 million over Libor

"I thought going to drink Japanese whisky would be a bit like drinking a Welsh claret," Miller said of his first trip to Japan in 1999, Max Workouts when he was editor of Whisky Magazine. "I wondered 'Will my hosts be offended if I drink gin and tonic?'." Miller was soon converted but he found no one to share his enthusiasm with back in Britain, where Japanese whisky exports were practically non-existent. The turning point came in 2001, when Nikka's 10-year Yoichi single malt won "Best of the Best" at Whisky Magazine's awards. Japanese makers have stormed competitions ever since, with Suntory winning "Distiller of the Year" at the International Spirit Challenge for the third time in July and the Trophy prize for its 21-year Hibiki blend. The acclaim nudged Japan's distilleries to market overseas and sales jumped.
More: http://www.reuters.com/article/2014/01/06/us-japan-whisky-idUSBREA0509620140106

Japan to Register 280 Islands as State Property, Minister Says

Onodera also briefed view publisher site Antony on Japan's National Security Strategy and the National Defence Program Guidelines, which were adopted in December 2013. Both India and Japan have long been wary of the increasingly assertive behaviour of China, especially in the contentious South China Sea, as well as the rapid modernisation of the fitness People's Liberation Army. India and Japan will hold their third "2 plus 2" Dialogue and fourth Defence Policy Dialogue in New Delhi this year, along with the third bilateral exercise between the Japan Maritime Self-Defence Force and Indian Navy to be held in Japanese waters. The Indian defence minister will also visit Japan later this year. The two ministers agreed to promote exchanges on UN Peacekeeping Operations between Japan Peacekeeping Training and Research Centre, Joint Staff College (JPC), Central Readiness Force of Japan Ground Self Defence Force (JGSDF) and Centre for UN Peacekeeping (CUNPK) of the Indian Army.
More: http://timesofindia.indiatimes.com/india/India-Japan-to-further-crank-up-defence-ties/articleshow/28474978.cms

Japan, Turkey to pursue economic partnership agreement

It said its three ships had ushered the Japanese fleet out of the Antarctic Treaty Zone, the internationally designated area below 60 degrees south latitude. "Within a day and a half, we have the entire whaling fleet in disarray," said Siddarth Chakravarty, the captain of one of the Sea Shepherd ships. Japan's Fisheries Agency, which oversees the annual hunt, said Tuesday that the whaling operation has not been halted. It said the fleet remains in the Southern Ocean, which is generally considered to cover a similar area to the Antarctic Treaty Zone. The agency declined to comment specifically on Sea Shepherd's claims or on the fleet's exact whereabouts. On Monday, Sea Shepherd published photos and videos that it said showed three harpooned Minke whales lying on the deck of the Nisshin Maru and another being butchered. The Australian government has challenged the Japanese whaling program in the International Court of Justice.
More: http://www.cnn.com/2014/01/07/world/asia/australia-japan-whaling/index.html

Sea Shepherd activists say they disrupted Japan's whale hunt in Antarctic waters

sanctions. fitness Cosmo Oil will slightly reduce its Iranian oil imports from April, after its current annual contract expires, an industry source familiar with the matter told Reuters in November. Cosmo has cut its Iranian imports to 15,000 bpd or less in the business year through March 2014, from 40,000 bpd two years ago, industry officials have said. As part of the November deal, buyers of Iranian oil, most of whom are in Asia, are no longer required to continuously reduce purchases from the OPEC member to qualify for a waiver from U.S. sanctions every six months. JX renewed its annual contract for importing crude from Iran for 2014 with volumes steady to slightly lower compared to last year, an official said last month.
More: http://in.reuters.com/article/2014/01/07/japan-crude-iran-idINL3N0KH1WR20140107

Japan's Idemitsu, Cosmo unlikely to raise Iranian crude imports

Under Japanese law, 280 further islands without owners belong to the state and registering them will enable them to be better managed, Yamamoto said. The move by Japans government comes amid territorial disputes with China and South Korea that have raised tensions in East Asia. Ships and planes from China and Japan have tailed one another around a cluster of disputed East China Sea islands -- known as the Senkakus in Japan, and the Diaoyu islands in China -- since Japan official site bought three of them in 2012. China in November unnerved its neighbors by declaring an air defense identification zone in the East China Sea that overlaps with Japans zone and includes uninhabited islands claimed by both nations. Japan is made up of more than 6,000 islands and its combined territorial waters and exclusive economic zone are the sixth largest in the world, at approximately 4.47 million square kilometers (1.73 million square miles) in area, according to the Ministry of Defense. Ive been criticized by the opposition because we dont yet have information on all the remote islands, Yamamoto told reporters.
More: http://www.bloomberg.com/news/2014-01-07/japan-to-register-280-islands-as-state-property-minister-says.html

India, Japan to further crank up defence ties

I believe our relationship will get even stronger by concluding the pact. Erdogan, who arrived in Tokyo on Monday with seven ministers and about 100 business leaders, said Japan and Turkey need to expand their trade, which currently amounts to less than $4 billion a year. Weve discussed necessary measures for improving the situation as early as possible, Erdogan said. Abe and Erdogan also signed a memorandum to cooperate on establishing a joint international university of science and technology in Istanbul, aiming to nurture experts in the field of nuclear energy. Abe offered Turkey an additional 43 billion in loans for construction of a subway line under the Bosporus Straits in Istanbul. Japan has already extended some 150 billion in loans for the project. It was their third summit, following meetings in May and October in Turkey. In the earlier meetings, Abe worked hard to sell Japans nuclear power infrastructure, a central pillar for his growth strategy.
More: http://www.japantimes.co.jp/news/2014/01/07/national/japan-turkey-to-pursue-economic-partnership-agreement/

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