Monday, Sep 1, 2014Monday, Sep 1, 2014
News
 

Japan govt to buy islands disputed with China: Media

Published on Sep 5, 2012 8:01 AM
 
A part of the disputed islands in the East China Sea, known as the Senkaku isles in Japan, Diaoyu in China, is seen in the East China Sea in this aerial view photo taken in Oct, 2010. Japan's central government has agreed to buy a group of islands in the East China Sea at the centre of a territorial dispute with China, major Japanese newspapers reported on Wednesday. -- PHOTO: REUTERS

TOKYO (AFP) - Japan's central government has agreed to buy a group of islands in the East China Sea at the centre of a territorial dispute with China, major Japanese newspapers reported on Wednesday.

The government will soon sign a contract to buy the islands claimed by both countries, known in Japan as Senkaku and in China as Diaoyu, for 2.05 billion yen (S$32.6 million) from its Japanese landowners, the Yomiuri Shimbun said, quoting government sources.

Deputy Chief Cabinet secretary Hiroyuki Nagahama met the landowners on Monday and struck the deal to buy three major islands in the chain, including Uotsurijima, the largest island, Yomiuri said.

Prime Minister Yoshihiko Noda's cabinet would soon confirm the nationalisation of the islands and allocate reserve funds for the purchase, the Asahi Shimbun reported.

 
If you are not a subscriber, you can get instant, unlimited access here