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May 3, 2024

Japan
The U.S.-Japan Alliance

The alliance with Japan has been the cornerstone of U.S. security policy in East Asia for decades. Now, Japan’s role in global security is growing as challenges from China and North Korea mount.  …

Former U.S. Defense Secretary Leon Panetta addresses U.S. and Japanese forces at Yokota Air Base outside of Tokyo, October 24, 2011.

April 16, 2024

Emerging Markets
Central Bank Governance in Emerging Markets

Central bank governors from some of the largest emerging markets discuss the economic outlook in their countries, how their banks have addressed global inflation, and opportunities for sustained econ…

Play Containers are being transported at Nansha port in Guangzhou, China on a sunny day.

April 16, 2024

Economics
Virtual Media Briefing: Previewing the World Bank/IMF Spring Meetings

CFR experts preview the upcoming World Bank and International Monetary Fund (IMF) Spring Meetings taking place in Washington, DC, from April 17 through 19.   

Play President of the World Bank Group Ajay Banga and International Monetary Fund (IMF) Managing Director Kristalina Georgieva at the World Economic Forum, January 17, 2024.

April 24, 2024

RealEcon
A Tricky Balance for Development Banks and the Developing World

The World Bank and IMF have concluded their spring meetings, but questions remain on China, lending capacity, and balancing the interests of rich and poor countries.

 President and CEO at Mastercard Ajay Banga (L) and CEO at the World Bank Kristalina Georgieva speak on stage at the 8th Annual Women In The World Summit at Lincoln Center for the Performing Arts on April 7, 2017 in New York City.

May 28, 2024

North Korea
The North Korean and Chinese Threats Are Growing. But so Is the Trilateral Response.

With renewed support from Russia and China, there are fears that a North Korean crisis is coming. In light of this, the trilateral security relationship among the United States, Japan, and South Kore…

Biden Yoon and Kishida

March 18, 2024

Japan
The Japanese Bid for Foreign Bonds After the End of Yield Curve Control

The Bank of Japan (BoJ) is widely expected to end yield curve control. But Japanese yields will remain low, and foreign bonds will remain attractive to those Japanese investors who don’t have to hedg…

The Japanese Bid for Foreign Bonds After the End of Yield Curve Control

May 28, 2024

Palestinian Territories
Who Governs the Palestinians?

Power in the Gaza Strip and the West Bank, the so-called Palestinian territories, has been divided among three entities: a governing body called the Palestinian Authority, the militant group Hamas, a…

Palestinians wave their national flag as they rally beneath images of President Mahmoud Abbas and his predecessor, Yasser Arafat

April 12, 2024

Economics
The IMF and World Bank Spring Meetings: What to Know

The IMF and World Bank’s spring meetings will focus on the prospects for a soft landing after years of global economic turbulence. But major challenges remain, including growing climate finance needs…

April 5, 2024

Japan
Why the U.S.-Japan Summit Matters

Japanese Prime Minister Kishida Fumio’s Washington summit on April 11 comes at a time of deepening security cooperation as well as some challenges to economic ties.

Prime Minister Kishida and President Joe Biden walking together in the White House Garden.

February 9, 2024

Global
Central Bank Currency Swaps Tracker

Introduction Since the financial crisis of 2007, central banks around the world have entered into a multitude of bilateral currency swap agreements with one another. These agreements allow a centr…