foreign minister fumio kishida and defense men minister gen nakatani met with john kerry and ash carter. they say the revisions are men to improve cooperation in the face of an increasingly complicated international security environment. the new guidelines say the two countries are securing their seamless and effective coordination under normal circumstances and in the event of contingencies. the guidelines call for bilateral cooperation if countries other than japan are attacked. this reflects japan's changed legislation over its right to collective self-defense. other areas of cooperation include international mine sweeping operations and response to ballistic missile launches. >> today we mark the establishment of japan's capacity to defend not just its own territory but also the united states and other partners as needed. this is an historic meeting and historic transition in the defense relationship between our countries. >> translator: we've reaffirmed that the senkaku islands are under japan's control and the u.s. government's commitment applies to the islands. the japan/u.s. sec

now foreign minister fumio kishida is adding his caution. he says japan may be asked to contribute a massive amount of money to the asian infrastructure investment bank. >> translator: if we decide to join the aiib we will almost certainly be asked to invest hundreds of millions of dollars. >> kishida said joining the bank would require spending public funds. he stressed the structure of governance beforehand. he said the japanese and u.s. government share this view. south korean giant samsung electronics has seen its operating profit fall year-on-year for the sixth straight quarter. analysts blame sluggish cell phone sales but the first quarter results were better than expected. executives at the south korean firm released preliminary eerngs figures for january through march. sales for the period fell more than 12% in won terms from a year ago to about $43 billion. operating profit fell by 31%. samsung's mainstream smartphone business has suffered from competition with apple and chinese makers. the latest quarterly earnings were above marke

. >>> foreign minister fumio kishida also wants more details about the bank. he says japan will urge china to ensure that it operates in a transparent way. kishida told a diet committee that tokyo will work with countries that join the lender. >> translator: we are exchanging information with countries such as britain and germany that are founding members of the bank. we will also work with those countries to keep pressure on china. >> kishida also stresses that japanese officials need to be sure that the bank conforms to standards of fair governance. >>> chinese government officials say they will establish a system to ensure bank deposits. it's part of the country's policy to safeguard individual account holders as competition between banks heats up. the officials say each depositor will be insured for up to $ 500,000 yuan or about $80,000 if a bank goes under. financial institutions in china will have to pay to fund the system. the officials say the deposits of almost all customers will be fully insured under the system. the new policy would go into effect i

foreign minister fumio kishida and defense men minister gen nakatani met with john kerry and ash carterhe revisions are men to improve cooperation in the face of an increasingly complicated international security environment. the new guidelines say the two countries are securing their seamless andff