Japan, together with the US and China, form the strategic triangle that undergirds regional stability. With India's rise, a new strategic triangle of US-China-India will, in time, be superimposed upon it. Stable relations amongst the key players will be critical for regional peace and development. 33. Recent tensions in Sino-Japanese relations are of concern. Such strains are part of the deep ambivalence with which Beijing and Tokyo view each other. Both China and Japan have their respective positions on the history issue. China's attitude towards Japan is coloured by Japan's reluctance to come to terms with its World War II history, while Japan's attitude towards China is shaped by its anxiety over how China's rise will alter the regional balance and affect Japan's interests. Domestic politics and rising nationalism in both countries are complicating factors. 34. Fortunately, both countries want to avoid a collision. There are strong incentives for China and Japan to deepen ties. China needs investments, technology and know-how from Japan, while Japan needs the markets and production base in China. 35. The tensions in Sino-Japanese relations are understandable because there has never been a period in history when China and Japan are simultaneously strong powers. Today, both countries find that they must treat each other as equals. Naturally, the search for a new modus vivendi will be fraught with anxiety. While not forgetting the past, both sides must find a way to close the history issue and write a new chapter of cooperative relations.

Caleb M Fundanga: Fostering entrepreneurship amongst young people in Zambia Remarks by Dr Caleb M Fundanga, Governor of the Bank of Zambia, at the VentureComp launch by Intermarket Banking Corporation, Lusaka, 12 January 2010. *  *  *  The Managing Director Intermarket Banking Corporation, Mr Subhrendu Chatterji Mr Joseph Toubi, Executive Vice President, Business Development & International Relationship, Afriland First Group Representatives from the Securities and Exchange Commission Representatives from the Pension and Insurance Authority Representatives from Lusaka Stock Exchange Representatives from Commercial Banks and other Financial Institutions Distinguished Invited Guests Members of the Press Ladies and Gentlemen. I am honoured for the invitation to officiate at this important launch of the business plan competition – VentureComp 2010. Allow me to begin by commending Intermarket Banking Corporation for its commitment to providing innovative products and services on the market. I have noted that the bank has brought an array of products and services that specifically target the small and medium scale enterprises and in some cases business start-ups. This is commendable and should be emulated by other banks. I am reliably informed that VentureComp 2010 is a business plan competition for students in all Universities, Colleges and other Institutions of higher learning. The spirit of the competition is to foster entrepreneurship amongst our young people and highlight the numerous opportunities available in the area of business. It is also interesting to note that the best business plan will be rewarded with start-up capital for immediate realization of the idea behind it.