China has decided not to send its most senior finance officials to this week’s meeting of the International Monetary Fund in Tokyo, as a territorial dispute continues to strain diplomatic relations between the two Asian powers. The IMF said Wednesday that People’s Bank of China Governor Zhou Xiaochuan is canceling his appearance due to what […]
China’s Central Banker Pulls Out of IMF Meeting in Tokyo
Posted October 10th, 2012 at 12:20 am (UTC-5)
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Japan Carmakers Report Sales Plunge in China
Posted October 9th, 2012 at 7:40 am (UTC-5)
Japan’s largest automakers are reporting a sharp sales drop in China in September, confirming fears that a heated territorial dispute is affecting crucial trade between Asia’s two largest economies. Toyota said Tuesday that sales of new vehicles in China dropped nearly 49 percent last month compared to a year earlier, while Honda sales dropped more […]
IMF Predicts Slower Global Economic Growth
Posted October 9th, 2012 at 2:40 am (UTC-5)
The International Monetary Fund is cutting its prediction for global economic expansion this year, and the fund’s experts say the risks of serious economic problems are growing. IMF chief economist Olivier Blanchard says that advanced economies are at risk of recession, and emerging markets like China are becoming increasingly affected. “The world economic recovery continues, […]
Amid Island Dispute, S.Korea, Japan Let Currency Swap Deal Expire
Posted October 9th, 2012 at 2:20 am (UTC-5)
South Korea and Japan have agreed to reduce the size of their currency swap arrangement, amid a long-standing dispute over a group of islands. The two Asian powers cited improved financial market stability in announcing they will allow the temporary expansion of the deal to expire at the end of the month, as scheduled. South […]
Japan: Chinese Officials to Attend IMF Summit in Tokyo
Posted October 4th, 2012 at 7:15 am (UTC-5)
Japan says it expects Chinese delegates to attend next week’s meeting of the International Monetary Fund in Tokyo, despite Beijing’s heated territorial dispute with Japan. A senior Japanese finance ministry official said Thursday that China’s finance minister and central banker are both slated to attend the annual meetings. Some major Chinese banks have already pulled […]
Three Chinese Ships Sail Near Disputed Islands: Japanese Coast Guard
Posted October 3rd, 2012 at 3:45 am (UTC-5)
The Japanese Coast Guard says three Chinese government ships have entered the waters near a hotly disputed island chain in the East China Sea. In a statement Wednesday, the coast guard says the Chinese ships ignored warnings from Japanese patrol vessels and sailed near the Tokyo-controlled islands. It says the Japanese ships are demanding that […]
Chinese Ships Again Enter Disputed Waters
Posted October 2nd, 2012 at 9:50 am (UTC-5)
Four Chinese surveillance ships have entered waters near disputed Japanese-controlled islands in the East China Sea, further intensifying a bitter territorial dispute. Japan’s Foreign Minister Koichiro Gemba said Tuesday authorities have called on the ships to leave the Japanese waters, and that a complaint has been lodged with China’s government. In Beijing, a Chinese foreign […]
Japanese Prime Minister Reshuffles Cabinet
Posted October 1st, 2012 at 1:55 am (UTC-5)
Japan’s prime minister has reshuffled his Cabinet for a third time since taking office last year as he tries to boost support for the government ahead of expected elections. Prime Minister Yoshihiko Noda announced the new lineup Monday, saying it will help the government and the ruling party work together to address domestic and diplomatic […]
Dozens Injured as Typhoon Marches Across Japan
Posted September 30th, 2012 at 6:05 pm (UTC-5)
A powerful typhoon has hit the Japanese mainland after injuring dozens of people and causing major blackouts across southern Okinawa. Typhoon Jelawat moved up the mainland Sunday with winds of more than 100 kilometers per hour. It was expected to hit Tokyo as it headed northward. Japanese public broadcaster NHK reported that one man was […]
China Minister to UN: Japan ‘Stole’ Disputed Islands
Posted September 28th, 2012 at 12:20 am (UTC-5)
China’s foreign minister says Japan’s recent purchase of disputed islands in the East China Sea is “illegal and invalid” and that the move does not affect Beijing’s historical claim to the rocky archipelago. In a speech late Thursday to the United Nations General Assembly, Yang Jiechi said the Japanese purchase “grossly violated” Chinese sovereignty. He […]
