TOKYO: Japan said Friday it had added 19 more entities to its list of organizations and individuals targeted by asset-freeze sanctions on North Korea.
The sanctions list now comprises 103 entities and 108 individuals in total, including seven Chinese entities, five Chinese individuals, one Singaporean entity and two Namibian entities, it said.
They include organizations involved in financial services, coal and minerals trading, transportation and sending North Korean laborers abroad, the foreign ministry said in a statement.
Japan has already imposed strict sanctions on North Korea, including a blanket ban on trade and port calls.
Top government spokesman Yoshihide Suga said: “North Korea launched an ICBM ballistic missile that landed in our exclusive economic zone and continues to repeat provocative commentaries.
“In light of this, as we host a ministerial meeting of the UN Security Council on December 15, we have decided on the asset freeze in order to further increase pressure” on the reclusive state, Suga said.
Prime Minister Shinzo Abe, in an address to a group of news media executives in Tokyo, said North Korea is feeling the pain from increasing international sanctions, including the reduction of oil-product imports under UN sanctions.
“The sanctions must be having an impact,” Abe said.
“It is possible that we will see further provocations. But what’s important is that we do not bow to these threats. The international community must continue to coordinate and apply pressure until North Korea changes its policies and seeks negotiations,” Abe said.
Japan expands sanctions aimed at North Korea
Japan expands sanctions aimed at North Korea
Geoeconomic confrontation tops global risks in 2026: WEF report
- Also armed conflict, extreme climate, public polarization, AI
- None ‘a foregone conclusion,’ says WEF’s MD Saadia Zahidi
DUBAI: Geoeconomic confrontation has emerged as the top global risk this year, followed by state-based armed conflict, according to a new World Economic Forum report.
The Global Risks Report 2026, released on Wednesday, found that both risks climbed eight places year-on-year, underscoring a sharp deterioration in the global outlook amid increased international competition.
The top five risks are geoeconomic confrontation (18 percent of respondents), state-based armed conflict (14 percent), extreme weather events (8 percent), societal polarization (7 percent) and misinformation and disinformation (7 percent).
The WEF’s Managing Director Saadia Zahidi said the report “offers an early warning system as the age of competition compounds global risks — from geoeconomic confrontation to unchecked technology to rising debt — and changes our collective capacity to address them.
“But none of these risks are a foregone conclusion.”
The report assesses risks across three timeframes: immediate (2026); short-to-medium term (next two years); and long term (next 10 years).
Economic risks show the largest overall increase in the two-year outlook, with both economic downturn and inflation jumping eight positions.
Misinformation and disinformation rank fifth this year but rise to second place in the two-year outlook and fourth over the 10-year horizon.
The report suggests this reflects growing anxiety around the rapid adoption of artificial intelligence, with adverse outcomes linked to AI surging from 30th place in the two-year timeframe to fifth in the 10-year outlook.
Uncertainty dominates the global risk outlook, according to the report.
Surveyed leaders and experts view both the short- and long-term outlook negatively, with 50 percent expecting a turbulent or stormy global environment over the next two years, rising to 57 percent over the next decade.
A further 40 percent and 32 percent, respectively, describe the outlook as unsettled across the two- and 10-year timeframes, while just 1 percent anticipate a calm global outlook in either period.
Environmental risks ease slightly in the short-term rankings. Extreme weather fell from second to fourth place and pollution from sixth to ninth. Meanwhile, critical changes to Earth systems and biodiversity loss dropped seven and five positions, respectively.
However, over the next decade, environmental threats re-emerge as the most severe, with extreme weather, biodiversity loss, and critical changes to Earth systems topping the global risk rankings.
Looking ahead over the next decade, around 75 percent of respondents anticipate a turbulent or stormy environmental outlook, making it the most pessimistic assessment across all risk categories.
Zahidi said that “the challenges highlighted in the report underscore both the scale of the potential perils we face and our shared responsibility to shape what comes next.”
Despite the gloomy outlook, Zahidi signaled a positive shift in global cooperation.
“It is also clear that new forms of global cooperation are already unfolding even amid competition, and the global economy is demonstrating resilience in the face of uncertainty.”
Now in its 21st year, the Global Risks Report highlights a core message: global risks cannot be managed without cooperation.
As competition intensifies, rebuilding trust and new forms of collaboration will be critical, with the report stressing that today’s decisions will shape future outcomes.
The report was released ahead of WEF’s annual meeting, which will be held in Davos from Jan. 19 to 23.
