Day: May 6, 2020

Japan’s missile shield deployment scuppered by local pushback

TOKYO — Japan has scrapped plans to deploy the Aegis Ashore land-based missile defense system at a base on the Sea of Japan coast due to heavy local opposition.

The Japanese government plans to deploy the U.S.-developed missile shield at two locations in response to continued missile testing by North Korea. It chose the Ground Self-Defense Force’s Araya training grounds in Akita Prefecture as a candidate site in May 2019, but the survey results the decision was based on were found to contain errors.

The Araya grounds are located close to a residential area, and locals have long expressed strong

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Seoul says there is panic buying in North Korea

SEOUL — Disruptions in the North Korean economy from plunging trade have led to a surge in prices, with Pyongyang residents panic buying daily necessities, South Korea’s spy agency said Wednesday.

Trade between North Korea and China dropped 91% on the year in March, the National Intelligence Service said, in the wake of the North closing its border in late January to prevent the coronavirus from entering the country. Prices for condiments and other imports have soared, prompting the nation to enact measures to stabilize prices, according to the intelligence agency.

North Korean leader Kim Jong Un has conducted internal

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What should I do if I am selling a house during the coronavirus outbreak? The latest property advice

Should I accept a renegotiated offer?

“The short term is going to be pretty brutal,” says Neal Hudson of Resi Analysts. Capital Economics has forecast a 4 per cent fall in house prices this year, although other property experts have suggested the declines could be much higher

“Expectation of worth is a big factor,” says Hudson. “If seller expectations remain high, they will have stock on the market unsold for a while.”

But then in the current lockdown, they might well do either way. And purchasers do not have more leverage than sellers, says Hudson. “Buyers will find it difficult

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Japan’s Aegis Ashore deployment scuppered by local pushback

TOKYO — Japan has scrapped plans to deploy the Aegis Ashore land-based missile defense system at a base in Akita Prefecture due to heavy local opposition.

The Japanese government plans to deploy the U.S.-developed missile shield at two locations in response to continued missile testing by North Korea. It chose the Ground Self-Defense Force’s Araya training grounds as a candidate site in May 2019, but the survey results the decision was based on were found to contain errors.

The Araya grounds are located close to a residential area, and locals have long expressed strong concerns over potential health and environmental

Read More