Japan Current Affairs - 2020

Category Wise PDF Compilations available at This Link

Barack Obama becomes first US president to visit Hiroshima bomb site

Barack Obama became the first incumbent US president to visit Hiroshima memorial, site of the world’s first atomic bombing dropped on August 6, 1945.

He paid tribute to the 140,000 people killed by the world’s first atomic bomb attack and laid wreath at Hiroshima nuclear memorial.

In the guest book of the memorial President Obama wrote “We have known the agony of war. Let us now find the courage, together, to spread peace, and pursue a world without nuclear weapons.”

However President Obama did not officially apologize for the attack, which is viewed by many in the US as having hastened the end of World War II and others have called it a war crime that targeted civilians.

Background

  • The official trip of US President Barack Obama comes more than seven decades after an American plane, dropped its payload (nuclear bomb), dubbed ‘Little Boy’ over the western Japanese city.
  • The bombing had claimed lives of about 140,000 people and affected many from radiation-related illnesses.
  • Three days later (On 9 August 1945) US dropped a second bomb dubbed as ‘Fat Man’ on the city of Nagasaki in which 70,000 more people were killed.
  • The twin bombings by US were dealt as the final blows to Japan which led to its unconditional surrender on August 15, 1945, bringing an end to World War.
  • These two nuclear bombs attack on Japanese cities, are only instance in warfare history of mankind in which nuclear weapons by any country were used against another.

Comment

The visit US President Barack Obama also marks seven years since he used his trademark soaring rhetoric to call for the elimination of atomic (nuclear) arms in a landmark speech in Prague that helped him win the 2009 Nobel Peace Prize.

Visit of incumbent US President, is also considered as a gesture US and Japan hope will showcase their alliance and reinvigorate efforts to rid the world of nuclear arms.

Get these updates on Current Affairs Today Android App

World Bank launches Pandemic Emergency Finance Facility

The World Bank has launched Pandemic Emergency Finance Facility (FEP) to help countries and health agencies fight deadly disease outbreaks.

FEP is a financing mechanism designed to quickly mobilize funds to tackle global disease outbreaks and create a new insurance market for pandemic risk.

It was unveiled at the G-7 Finance Ministers Summit held in Ise-Shima, Japan. Japanese Government has committed to donate $50 million dollars to it, becoming the first donor.

Key facts

  • It was designed and built by World Bank in collaboration with the World Health Organization (WHO) and the private sector reinsurance companies etc.
  • PEF is meant to work almost like an insurance policy, but it will be mainly to protect against deadly disease outbreaks by ensuring “surge funding” to response efforts.
  • The funding will be disbursed according to a complex trigger mechanism and activation criteria based on four categories of infectious diseases.
  • It will provide coverage up to US 500 million dollars for outbreaks of infectious diseases most likely to cause major epidemics for an initial period of 3 years.
  • The major epidemics covered under PEF include new influenza pandemic virus A, B and C, MERS, SARS, Ebola, Crimean Congo, Marburg, Rift Valley, Lassa fever, etc.
  • The insurance window under it will combine the funding from the reinsurance markets with the proceeds of catastrophe or Cat bonds (World Bank issued pandemic bonds) as well as a complementary cash window.
  • It will be for the first time World Bank Cat Bonds will be used to combat infectious diseases.

Get these updates on Current Affairs Today Android App