The DailyBrief

Friday May 19, 2017

Japan’s casino plans: Tokyo is currently working on a new legal gambling framework that could act as a green light for gaming companies to invest billions of dollars in Japanese casino resorts. David Bonnet writes that the new laws could bring Japan on a par with the lucrative gaming markets of Singapore and Macau, with Japan’s industry expected to surpass US$25 billion a year.

Controlling China’s graft-busters: Xi Jinping’s high-profile campaigns to curb China’s widespread corruption, that is thought to cost Beijing US$86 billion each year, have often been controversial. Zhiqiong June Wang writes that a new body, that merges all existing anti-corruption authorities, could either promote efficiency and transparency or, conversely, exacerbate current “due process” breaches.

Sino-US ties strong: The successful April summit between Chinese President Xi Jinping and US President Donald Trump was a defining point in Sino-US relations, said China’s ambassador to the US, Cui Tiankai. Doug Tsuruoka reports that Cui said the summit, together with the Belt and Road forum, were sources of connectivity that could restore balance to a troubled world.

Watching ‘wildcard’ Trump: The US President’s unpredictability in foreign affairs has turned the US into a “geopolitical wildcard,” warns a new global risk report, reports Johan Nylander. UK-based risk and strategic consulting firm Verisk Maplecroft said Trump’s foreign policy impulsiveness has turned global politics into a guessing-game.