Word: asia
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Dates: during 2000-2009
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...global financial system sinks deeper into the abyss, policymakers and economists in Asia are reflecting on their own past financial meltdowns in search of lessons that could help the U.S. and Europe. As ministers for the G-7 group of industrialized nations meet in Washington today to discuss the crisis, Japanese officials in particular are expected to offer up guidance to their Western colleagues. "Japan can be of help by letting them know our experience of struggling" with economic turmoil, Japan's Finance Minister Shoichi Nakagawa told reporters Tuesday...
...relatively small number of countries - mainly Korea, Indonesia, Malaysia and Thailand - in which banks and businesses were unable to pay off debts owed to the outside world. That allowed the International Monetary Fund (IMF), in cooperation with the World Bank and Washington, to organize bailout packages that allowed Asia to get back on its feet...
...clear message from Asia is that more intervention is needed to restore the financial system. The crisis is "now too big to be solved by the private sector," says Takahide Kiuchi, chief economist of Nomura Securities in Tokyo. It's a lesson Asia learned a decade...
...diverse religious movement, so the numbers vary by definition. The World Christian Encyclopedia, however, estimates that 500 million Christians worldwide are Pentecostal, making the tradition second only to Catholicism in overall Christian numbers. Pentecostalism is now more dominant than Catholicism in South America, and it is rapidly spreading throughout Asia and Africa as well. In 30 years, Pentecostals have increased their share of the global Christian population from 6% to 25%. In the U.S., the Assemblies of God is the largest Pentecostal denomination with 2.8 million members, and it is also generally viewed as the most mainstream. The largest African...
...MSCI Asia Pacific Index finished the day up 1.2% after plummeting 16% during the previous week - the worst stock market rout suffered by the region since 1987. Hong Kong's benchmark Hang Seng index gained 3.3% after an 8.2% drop yesterday, while Korea's Kospi index rose .6%. Japan's Nikkei index fell .5% after rising in morning trading - hardly a robust recovery, but the panic selling that marked Wednesday's 9.4% free-fall dissipated, at least temporarily...