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September 24, 2012

Japan
Japanese prime minister Kakuei Tanaka (left) and Chinese premier Zhou Enlai meet in Beijing for the first Sino-Japanese summit on September 25, 1972 (Courtesy Jiji Press). A Deep Chill or Heated Clash for Japan and China?

Prime Minister Yoshihiko Noda departed Tokyo today for the UN General Assembly meeting in New York, and Japan’s vice minister for foreign affairs, Chikao Kawai, departed for Beijing. At best, a chill…

May 8, 2005

Capital Flows
Is the balance of financial power shifting?

The IMF has about $200 billion that it can lend out. About $75 b is currently lent out, mostly to Brazil, Turkey and Argentina (data link), leaving a bit over $100 billion that could be lent out in …