Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Japan's Abe strikes conciliatory note on South Korea, row may be easing

Published 2020-01-20, 03:10 a/m
© Reuters. Japanese Prime Minister Shinzo Abe gives a policy speech at the start of the regular session of parliament in Tokyo

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe said on Monday that South Korea was its "most important neighbor" and that the two shared basic values, taking a conciliatory tone toward the country that has been locked in a bitter row with Tokyo for over a year.

The comment comes after South Korean President Moon Jae-in last week proposed the two countries work together to resolve the issue of wartime forced laborers, and called Japan "our closest neighbor."

It also follows some fence-mending steps in recent months, including Seoul's reversal of its decision to scrap an intelligence-sharing pact with Japan, and Tokyo's partial easing of curbs on the export of high-tech materials to South Korea.

"Under an increasingly severe security environment in Northeast Asia, diplomacy with neighboring countries is extremely important," Abe told parliament in his policy speech.

"Essentially, South Korea is the most important neighbor with which Japan shares basic values and strategic interests."

In a parliamentary speech in October, Abe simply referred to South Korea as an "important neighbor."

But Abe and Moon met in China in December and stressed the need to improve ties, officials from both sides said.

Also, Moon told a news conference last week South Korea would actively cooperate for the success of this year's Olympic Games in Japan, and that he hoped the sporting event would provide a good opportunity to fundamentally improve ties.

Relations between Japan and South Korea, two of the United States' major Asian allies, plunged to their lowest in decades after South Korea's top court ordered Japanese firms in 2018 to compensate some wartime forced laborers.

Japan says the matter was settled by a 1965 treaty that normalized bilateral relations following Japan's 1910-45 occupation of the Korean peninsula.

"I sincerely hope South Korea honors the commitments between the two counties and works toward building future-oriented relations," Abe said in his Monday speech, reiterating that the onus is on Seoul to put ties back on an even keel.

By adopting a warmer tone toward its neighbor while making it clear that the ball is in Seoul's court, Abe's message was meant to encourage South Korea to take fresh steps to resolve the issue, said Narushige Michishita, vice president of Japan's National Graduate Institute for Policy Studies.

© Reuters. Japanese Prime Minister Shinzo Abe gives a policy speech at the start of the regular session of parliament in Tokyo

"If South Korea realizes that Japan is resolved to maintain the firm stance, that will give them an incentive to buckle down and decide what they should do now," Michishita said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.