[ad_1]
Japan’s government will get its central bank to restrict transactions with Russia’s central bank, as part of efforts to make sanctions on Moscow more effective.
Officials say several trillion yen that Russia’s central bank keeps at the Bank of Japan in foreign currency reserves will be frozen.
On Monday, the Russian ruble crashed to an all-time low, after Western countries imposed tough new economic sanctions.
The Bank of Russia has been deploying its stockpile of international reserves to defend the ruble in currency markets. But the bank will have difficulty doing so if its reserves are frozen.
If the ruble remains in free fall, inflation will accelerate, dealing a blow to the Russian economy.
Russia’s central bank is said to hold large portions of its foreign currency reserves in dollars, euro and yuan. Still, officials believe Japan’s move will help improve the efficacy of the sanctions against Russia.
Kishida says Japan won’t seek nuclear sharing with U.S.
Nikkei – Feb 28
Prime Minister Fumio Kishida said Monday it is not acceptable for Japan to make a nuclear sharing arrangement with the United States, rejecting the idea of hosting U.S. nuclear weapons as a deterrent amid Russia’s invasion of Ukraine.
Japan should consider hosting U.S. nuclear weapons, Abe says
Japan Times – Feb 28
Former Prime Minister Shinzo Abe said Sunday that Japan should break a long-standing taboo and hold an active debate on nuclear weapons – including a possible “nuclear-sharing” program similar to that of NATO – in the wake of Russia’s invasion of Ukraine.
Kishida reacts to Putin’s announcement
NHK – Feb 24
Japan’s Prime Minister Kishida Fumio has reacted to the Russian President Vladimir Putin’s announcement that his country’s troops will conduct what he called a “special military operation” in eastern Ukraine.
Japan announces sanctions on Russia
NHK – Feb 23
Japanese Prime Minister Kishida Fumio has announced sanctions against Russia for its unilateral recognition of the independence of two regions in eastern Ukraine.
[ad_2]
Source link
