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Why did China renounce right to war reparations from Japan?

Discussion in 'World Affairs' started by beijingwalker, Nov 7, 2011.

  1. beijingwalker

    beijingwalker ELITE MEMBER

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    Why did China renounce right to war reparations from Japan in a 1972 treaty?

     
  2. beijingwalker

    beijingwalker ELITE MEMBER

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    According to the Foreign Ministry of Japan, Japan held overseas assets of 238 billion yen in Manchukuo, China in Aug 6 1945 (still WW2 was going on). Manchukuo was a territory of Japan at that time.
    Fixing exchange rate was very difficult at this era. However, after Japan surrendered, the exchange rate between US$ of GHQ and Japanese JP¥ were US$1=JP¥15. If we used this rate, 238 billion yen would be about US$ 16 billion.

    In 1972, Japanese prime minister Kakuei Tanaka visited China and met Mao.
    After the "Joint Communique between Japan and China" on Sep 29 1972, Japan started to pay lots of money to China as the form of ODA (Official development assistance). The amount paid to China reached over US$30 billion until present day, and 20 billion of them became pure donation (China don't need to pay back the 20 bil).

    Japan paird for Burma, Indonesia, the Philippines, and Vietnam. Cos Japan didn't develope and leave important assets in these countries.
    Japan paid US$200 million for Burma (former nation of Myanmar) with the treaty on November 5 1951.
    To Phillipines, Japan paid US$550 million along with the compensation agreement of May 9 1956.
    To Indonesia, Japan paid US$223 million along with the compensation agreement of January 20 1958.
    To Vietnam, Japan paid US$3.9 million along with the compensation agreement of May 13 1959.).
     
  3. beijingwalker

    beijingwalker ELITE MEMBER

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    China is too nice to the defeated but also suffering Japanese people,we were not like other countries just kicking them when they were down and grabbing their money.China suffered most in the war but waived Japan's astronomical indemnity to China.till now,they still at least owe China US$30 billion.we hope the government do something to redress this issue.you just can not be too nice.