AGP Executive Report
Last update: 2 hours agoNuclear & Security: China’s submarine-launched nuclear-capable missile test in the Pacific drew sharp condemnation from the Philippines and fresh alarm from the US, while Japan, the US and South Korea coordinated concerns and NATO pushed the issue at its Ankara summit. Regional Diplomacy: Japan and South Korea also moved to deepen defence and industrial cooperation, including a small modular reactor MOU, as they try to keep pressure on North Korea’s denuclearisation. China’s Tech Controls: Beijing is reportedly weighing restrictions on overseas access to its top AI models, as firms race to build in-house chips and new compute for agentic AI. Finance & Currencies: South Korea posted a record-high May current account surplus on strong semiconductor exports, while China and South Korea both stepped up efforts to internationalise their currencies. Japan Domestic Policy: Japan’s health insurers are calling for reform to the public medical insurance system, as costs for the elderly remain a flashpoint. Weather & Disasters: Typhoon-linked storms and tornadoes across China have killed at least 17, with evacuations and reports of snakes escaping floodwaters. Sports & Culture: China’s women’s volleyball team heads to Hong Kong for the VNL, while a new Japan umbrella-sharing “sun-and-rain” service targets extreme heat.
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