China warns Japan that ‘new militarism’, ‘Takaichinomics’ risk instability

People’s Daily, a mouthpiece of China’s ruling Communist Party, has warned Japan that higher military spending and what the newspaper called a looming “defence bubble” will not save an economy weakened by the falling yen and Iran war energy crisis, amid a protracted diplomatic row between Beijing and Tokyo. In a Tuesday commentary published under the “Zhong Sheng” pen name – a pseudonym used to voice Beijing’s position on global affairs – the paper said the administration of Japanese Prime...