Asian Correspondent - where's your man in Japan?

Normally when young folk e-mail Our Man a news tip he can look forward to a funny picture of a farmyard animal or a link to a politician saying something particularly inane; so imagine his disappointment when his latest "news tip" was in fact a blatant ad for a new website - Asian Correspondent. Sadly, it seems to carry an awful lot of AP copy and no correspondents for Japan, but it is trying to be a newspaper on the web, Our Man supposes, like the Huffington Post. It seems to talk the talk, but can it walk the walk? Or snark the snark and stalk the stalk? The copy is a bit dull, but might be one to keep an eye on once it finds its feet as it proclaims itself to be the future of liberal journalism (thought that was Our Man?) Also, who foots the bills, no matter how small they may be?

Enquiring minds want to know...