BUSINESS

News Summary: Japan, SE Asia fete 40 years of ties

Staff Writer
Columbus CEO

BUILDING TIES: Southeast Asian nations gathering at a summit are hoping Japan and China will mend their frayed ties, to help minimize the risk of tensions flaring into conflict in the region.

HOT SPOT: Indonesian President Susilo Bambang Yudhoyono urged all involved to build more trust, throughout both northeast Asia, where China and Japan are bickering over islands claimed by both in the East China Sea, and in the South China Sea, where several countries face disputes with China.

WHAT'S AHEAD: Japanese media reported that Prime Minister Shinzo Abe's government plans to announce offers of loans and grants worth 2 trillion yen ($19.3 billion) during Saturday's summit meeting