By Linda Sieg TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe picked two veteran lawmakers with friendly ties to China for top party posts on Wednesday in an apparent signal of hope for a thaw in chilly ties with Beijing and a summit with Chinese leader Xi Jinping. The change in executives in Abe's Liberal Democratic Party (LDP) is part of a broad leadership rejig, including a cabinet reshuffle, which is aimed at strengthening party unity and polishing Abe's image. Abe's new line-up faces a number of challenges, including how to repair ties with China that have been frayed by rows over disputed territory and Japan's wartime history, and whether to go ahead with a planned sales tax rise next year despite signs the economy is faltering. In a bid for party unity, the hawkish Abe tapped outgoing Justice Minister Sadakazu Tanigaki, his predecessor as LDP leader, for the key party post of secretary-general, the LDP's de facto election campaign chief.
BANGKOK (AP) — A string of recent scandals has lifted a lid on Thailand's largely unregulated commercial surrogacy industry, which has been around for over a decade. Here's a look at the controversies, some of the ethical dilemmas they have raised and the Thai military government's new draft law that is expected to outlaw the business of surrogacy.
Japanese Prime Minister Shinzo Abe named five women to his new cabinet on Wednesday, matching the highest ever number of female members of the executive. "A society in which women shine is one of the big pillars of this government," Chief Cabinet Secretary Yoshihide Suga told a news conference ahead of the announcement.
Regulators also will unveil a separate proposal governing how much money swaps buyers and sellers must set aside when they make trades outside central clearing houses. The rules from the Federal Reserve, Federal Deposit Insurance Corp (FDIC) and Office of the Comptroller of the Currency (OCC) are part of a series of reforms aimed at making banks sturdier and heading off another economic meltdown. The liquidity rules, which call for big banks to hold enough liquid assets to meet their cash needs for 30 days, are a key pillar of the international agreement known as Basel III. They aim to ensure banks have easy-to-sell assets on hand so they could meet customer withdrawals or post collateral in a crunch.