In contrast to the escalating tensions and turmoil between China and Japan, CNN and others report that in their recent summit, the leaders of India and Pakistan have declared that the peace process is irreversible between their two nations. As the article describes,

In their statement on Monday the two said they would boost business ties and cross-border travel, set up a joint economic commission and open consulates in Mumbai (formerly Bombay) and Karachi by the end of the year. Among the most concrete moves, the nuclear-armed neighbors agreed to open up the heavily militarized frontier dividing Kashmir, setting up meeting points for divided families and cultural exchanges.

Of course, we should not get ahead of ourselves since many differences remain unresolved between the two nations. But similar to the encouraging progress towards peace between Israel and the Palestineans, this improvement in relations between India and Pakistan is certain welcome news for Asians all around the world.