Tag Archives: Japan
China Busy Signing Currency Deals

China Busy Signing Currency Deals

China took one more step last week towards internationalizing the yuan, ultimately leading to the day when the Chinese currency will be a substitute for the U.S. dollar in all of China’s trade with other countries. Last Friday, China and Brazil agreed on a currency swap deal that will allow the central banks of each [...]

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China and the Looming Currency Showdown in Seoul

The currency war is heating up, and battle lines are being drawn. The U.S. Dollar Index is near an all-time low, and the Federal Reserve is preparing another round of quantitative easing, flooding the world with even more greenbacks. Japan has looked on in alarm as the rise in the value of the yen is [...]

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The World’s Second Largest Economy

News reports over the weekend noted that China has overtaken Japan as the second-largest economy in the world. The reports stemmed from a remark made on Friday by Yi Gang, deputy governor of the People’s Bank of China, who said that the Chinese economy outpaced Japan’s in the first half of this year. “China, in [...]

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Low Expectations for Asia Trip

Low Expectations for Asia Trip

The Obama Administration has lowered its expectations for what the President may accomplish on his four-nation Asia trip, which begins today in Japan, and also includes visits to Singapore, China and South Korea. As reported in The Wall Street Journal: Administration officials say the President isn’t likely to bring along tangible concessions on hot-button issues, [...]

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A New World Order

A New World Order

When past U.S. presidents have visited China, discussions with their Chinese counterparts have been largely limited to trade and human rights. This time around, when President Barack Obama comes to Beijing, it will be different. Never has the agenda between China and the United States been so broad. The list of items that President Obama [...]

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China as Investor: The New Dynamic in U.S. Finance

China as Investor: The New Dynamic in U.S. Finance

Along with reassuring the media that China can meet its growth target of 8 percent in 2009 and that the country can do more to boost its economy if necessary, Chinese Premier Wen Jiabao made another very interesting comment at his press conference on Friday, following the closing of the National People’s Congress in Beijing. [...]

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China: A Limit To Its Global Impact

China: A Limit To Its Global Impact

With the United States and Europe facing recessions in 2009, many are looking to pass the baton as “growth engine of the world” to China. In order for China to assume this role, private consumption in the country has to expand, and the country has been doing all that it can towards this end. While [...]

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