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Taiwan Condemns Chinese Osaka Consul’s Post as Takaichi Reaffirms Taiwan Stance in Diet

Progress on a U.S. stopgap funding measure lifted Wall Street, with Tokyo turning from early gains to a mild pullback.

Overview

  • Taiwan’s presidential office denounced Osaka Consul Xue Jian’s social‑media post as a threatening breach of diplomatic decorum and vowed continued cooperation with Japan and other partners to safeguard stability in the Taiwan Strait and Indo‑Pacific.
  • Prime Minister Sanae Takaichi told the Lower House Budget Committee she will not retract her prior statement that a Taiwan contingency could be a 'crisis of existence' and said increases in defense spending are a sovereign decision.
  • Takaichi instructed the justice minister to consider tougher regulations on prostitution, signaling new domestic policy moves discussed in the Diet.
  • U.S. Senate action toward a short‑term funding bill buoyed investor sentiment, sending the Dow up 381 points on Nov. 10, while Tokyo’s Nikkei rose sharply in early trade on Nov. 11 before closing down 68 points at 50,842.93 as profit‑taking set in; the yen traded near 154.18 per dollar.
  • China’s Foreign Minister Wang Yi praised Norway in Beijing for consistently upholding the One China principle, according to China’s foreign ministry.