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Asia Unbound

CFR experts give their take on the cutting-edge issues emerging in Asia today.

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Showing posts for "Indonesia"

Friday Asia Update: Top Five Stories for the Week of August 14, 2015

by Guest Blogger for Elizabeth C. Economy
Workers clean a road near the site of the explosions at the Binhai new district, Tianjin, August 13, 2015. Two huge explosions tore through an industrial area where toxic chemicals and gas were stored in the northeast Chinese port city of Tianjin, killing at least forty-four people, including at least a dozen fire fighters, officials and state media said on Thursday. (Jason Lee/Reuters) Workers clean a road near the site of the explosions at the Binhai new district, Tianjin, August 13, 2015. Two huge explosions tore through an industrial area where toxic chemicals and gas were stored in the northeast Chinese port city of Tianjin, killing at least forty-four people, including at least a dozen fire fighters, officials and state media said on Thursday. (Jason Lee/Reuters)

Ashlyn Anderson, Rachel Brown, Lincoln Davidson,  Lauren Dickey, Ariella Rotenberg, and Gabriel Walker look at the top stories in Asia today.

1. China’s central bank allows currency to devalue. The renminbi (RMB) declined by more than 4 percent this week as the People’s Bank of China (PBOC) set the currency’s daily benchmark lower for several days in a row. The drop may help strengthen the domestic economy, which has faltered in recent months; the PBOC’s willingness to allow the currency’s market rate to drop may suggest that the Chinese economy is doing even worse than some indicators suggest, which could spell trouble for countries that rely on China’s commodity imports. Read more »

Jokowi Struggles to Find an Economic Policy

by Joshua Kurlantzick
Indonesia-rupiah A teller holds a stack of Indonesian Rupiah inside a money changer in Jakarta on June 4, 2015. (Nyimas Laula/Reuters)

News this week that Bank Indonesia will prohibit foreign currencies from being used in domestic transactions in Indonesia further added to analysts’ and investors’ concerns about the country’s fragile economy, and about the economic strategy of President Joko Widodo. As the Wall Street Journal reported, the law prohibiting the use of foreign currency in settling domestic transactions was actually passed years ago, but like many Indonesian laws it was not put into practice for years—until now. Read more »

Preparing for Jokowi’s Visit to Washington

by Joshua Kurlantzick
jokowi-WEF Indonesia's President Joko Widodo gestures as he delivers a speech during the interactive session of the World Economic Forum on East Asia in Jakarta on April 20, 2015. (Beawiharta/Courtesy: Reuters)

Two weeks ago, a senior aide to Indonesian President Joko “Jokowi” Widodo confirmed that the Indonesian leader plans to make his first visit to Washington as president in June. Thus far, despite hopes in Washington that Jokowi’s term as president might usher in closer ties to the United States, the U.S.-Indonesia relationship has remained roughly where it was before Jokowi took office. The bilateral relationship is generally warmer than it was in the 1990s and early 2000s, but the two countries’ strategic, economic, and cultural relations still lag far behind those the United States enjoys with many other partners in Southeast Asia. Read more »

Friday Asia Update: Top Five Stories for the Week of May 1, 2015

by Guest Blogger for Elizabeth C. Economy
Japanese Prime Minister Shinzo Abe (C) addresses a joint meeting of the U.S. Congress in front of U.S. Vice President Joe Biden (L) and House Speaker John Boehner (R-OH), on Capitol Hill in Washington on April 29, 2015 (Jonathan Ernst/Courtesy: Reuters). Japanese Prime Minister Shinzo Abe (C) addresses a joint meeting of the U.S. Congress in front of U.S. Vice President Joe Biden (L) and House Speaker John Boehner (R-OH), on Capitol Hill in Washington on April 29, 2015 (Jonathan Ernst/Courtesy: Reuters).

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, William Piekos, and Ariella Rotenberg look at the top stories in Asia today.

1. Shinzo Abe visits the United States. Japanese Prime Minister Shinzo Abe visited the United States this week to discuss the future of U.S.­-Japan relations. Increased security cooperation as well as relations with China topped the agenda. Abe delivered the first-ever speech by a Japanese prime minister to a joint session of Congress. In his speech, Abe described his vision for a stronger alliance between the United States and Japan and expressed his condolences for Japanese behavior in World War II. He announced his determination to “take more responsibility for peace and stability in the world.” Read more »

Friday Asia Update: Top Five Stories for the Week of April 17, 2015

by Guest Blogger for Elizabeth C. Economy
Local residents and their supporters celebrate after the Fukui District Court issued an injunction to prevent the restart of two nuclear reactors at Takahama nuclear power plant, in front of the court in Fukui, northwestern Japan, in this photo taken by Kyodo April 14, 2015. (Kyodo/Courtesy: Reuters) Local residents and their supporters celebrate after the Fukui District Court issued an injunction to prevent the restart of two nuclear reactors at Takahama nuclear power plant, in front of the court in Fukui, northwestern Japan, in this photo taken by Kyodo April 14, 2015. (Kyodo/Courtesy: Reuters)

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, William Piekos, and Ariella Rotenberg look at the top stories in Asia today.

1. Japan court blocks reopening of nuclear reactors. A Japanese district court issued orders for two nuclear reactors in western Fukui prefecture to stay offline, rejecting regulators’ safety approval of the planned restart later this year. The court criticized the Nuclear Regulation Authority’s lax safety standards, particularly in the wake of the March 2011 Fukushima crisis. Kansai Electric, the operators of the reactors in Fukui, plan to file a protest asking the court to reverse its decision. With all forty-eight commercial reactors in Japan still offline, the decision may further delay Prime Minister Shinzo Abe’s plans to restart nuclear reactors. Abe has said the shutdown damages the struggling Japanese economy, forcing Japan to import expensive fossil fuels to compensate for the existing energy deficit. Read more »

Friday Asia Update: Top Five Stories for the Week of March 27, 2015

by Guest Blogger for Elizabeth C. Economy
Guards lower the national flag to half-mast after the passing of former prime minister Lee Kuan Yew in Singapore on March 23, 2015. (Lee Hsien Loong/Courtesy: Reuters) Guards lower the national flag to half-mast after the passing of former prime minister Lee Kuan Yew in Singapore on March 23, 2015. (Lee Hsien Loong/Courtesy: Reuters)

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, William Piekos, and Ariella Rotenberg look at the top stories in Asia today.

1. Lee Kuan Yew, founding father of Singapore, dies. Lee Kuan Yew, who transformed Singapore into one of Asia’s wealthiest and least corrupt countries during his time as founding father and first prime minister, died on Monday. Lee was prime minister beginning in 1959, after Singapore gained full self-government from the British, until 1990. While his leadership was often criticized for suppressing freedom, his advocacy of “Asian values” and development models succeeded in making Singapore an international hub of business, culture, and finance. Read more »

Jokowi’s Fall

by Joshua Kurlantzick
indonesia-jokowi-cabinet Indonesia's President Joko Widodo leads a cabinet meeting at the Presidential Palace in Jakarta, on March 4, 2015. (Antara Photo Agency/Courtesy: Reuters)

It has been less than a year since Joko “Jokowi” Widodo won the Indonesian presidential election, calling on his vast support on social media and from young activists to defeat the better funded and better managed campaign of Prabowo Subianto. Although Jokowi blew a huge lead in the polls before the vote and then rallied to win the election, he still came into office shouldering extraordinarily high expectations from many Indonesians. Read more »

Friday Asia Update: Top Five Stories for the Week of February 20, 2015

by Guest Blogger for Elizabeth C. Economy
Lion dancers perform for the opening of the Temple Fair, as part of Chinese New Year celebrations, at Ditan Park, also known as the Temple of Earth, in Beijing, February 18, 2015. The Chinese Lunar New Year on Feb. 19 will welcome the Year of the Sheep (also known as the Year of the Goat or Ram). REUTERS/Kim Kyung-Hoon (CHINA - Tags: SOCIETY) Lion dancers perform for the opening of the Temple Fair, as part of Chinese New Year celebrations, at Ditan Park, also known as the Temple of Earth, in Beijing on February 18, 2015 (Kim Kyung-Hoon/Courtesy of Reuters).

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, William Piekos, Ariella Rotenberg, and Sharone Tobias look at the top stories in Asia today.

1. Myanmar declares martial law in Kokang. President Thein Sein announced a state of emergency and three months of martial law in the Kokang Self-Administered Zone, on the border with China, after a series of clashes between the Myanmar army and armed Kokang rebels. Under martial law, administrative and judicial power has been granted to the army’s commander in chief; the imposition of martial law is aimed at securing a ceasefire and political dialogue well in advance of general elections later this year. The conflict is a setback for Myanmar’s semi-civilian government, which took power in 2011 after nearly fifty years of military rule. Myanmar is turning to neighboring China for help even as tens of thousands of refugees are fleeing into Yunnan province from Kokang. Read more »

Friday Asia Update: Top Five Stories for the Week of February 6, 2015

by Guest Blogger for Elizabeth C. Economy
Emergency personnel retrieve wreckage from TransAsia Airways turboprop ATR 72-600 aircraft after it crashed in a river, in New Taipei City on February 4, 2015 (Stringer/Courtesy Reuters). Emergency personnel retrieve wreckage from TransAsia Airways turboprop ATR 72-600 aircraft after it crashed in a river, in New Taipei City on February 4, 2015 (Stringer/Courtesy Reuters).

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, William Piekos, Ariella Rotenberg, and Sharone Tobias look at the top stories in Asia today.

1. Taiwanese plane crashes into river, resulting in at least thirty-five deaths. TransAsia GE235 lost engine power shortly after takeoff from Taipei’s Songshan Airport on Wednesday. The twin-propeller plane was carrying fifty-eight passenger and crew; eight are still unaccounted for. Preliminary reports suggest that the pilots shut down the wrong engine after the other stalled; the pilots, both of whom were killed, have been widely praised for avoiding buildings in Taipei’s urban center. Harrowing imagery from a car dashcam shows the plane losing altitude and clipping a bridge before crashing into the Keelung River. The accident is the second in seven months for TransAsia Airways. Read more »

Jokowi’s Presidency: Part 2 – The Questions

by Joshua Kurlantzick
Indonesia's presidential candidate Joko "Jokowi" Widodo gestures to supporters a day after he was named winner in the presidential election in Taman Proklamasi, Jakarta July 23, 2014. REUTERS/Darren Whiteside (INDONESIA - Tags: ELECTIONS POLITICS) Indonesia's presidential candidate Joko "Jokowi" Widodo gestures to supporters a day after he was named winner in the presidential election in Taman Proklamasi, Jakarta, on July 23, 2014 (Darren Whiteside/Courtesy Reuters).

Among his supporters, Indonesian President Joko “Jokowi” Widodo raised expectations so high, before he was actually elected, that he was bound to disappoint them. Somewhat like U.S. President Barack Obama, Jokowi seemed to fulfill different images of hope for different supporters, even if Jokowi himself did not try to actually cultivate all of these images. Read more »