Word: exporting
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With Japan's recession deepening, the country's central bank could intervene in currency markets for the first time since 2004, in a bid to prevent further appreciation of the yen - a rise that is hammering Japan's export-driven businesses...
...cigar - the wrapper, filler and binder - to be harvested on the island, and sailing ships were soon distributing Cuban tobacco from Europe to Asia. Columbus had claimed Cuba for Spain, and the Spanish soon cornered the nascent industry, mandating in the 17th century that all tobacco for export be registered in Seville; they later tightened their stranglehold on the market by forbidding Cuban growers to sell the crop to anyone but them - a monopoly that persisted until...
...Castro's regime (and American attempts to eliminated it) prompted the Bay of Pigs debacle, closed off a beautiful country with a vibrant music culture, and - possibly worst of all - triggered a 46-year-old trade embargo that has deprived Americans of Cuba's most prized export: its vaunted cigars...
...most dynamic presidential campaigns in recent U.S. history, it has done little to spur Asia's democracies into action. Japan's parliament is unable to decide on an economic-reform package, while Malaysia and Thailand engage in partisan politics that has little to do with how to shield these export-led economies from a slowdown in the West. Indeed, Asian governance is failing in democracy's most basic undertaking: to represent the will of the people. Back when the region was poor and ravaged by war, Asia's citizens made an unspoken pact with their leaders, that economic progress could...
...economic future - just as China's future may determine how long the global recession lasts. They are part of the population cohort the government hopes will boost domestic consumption, which takes up a mere 35% of the country's GDP right now, and thereby wean the country off export-dependent growth. China has long been concerned about its sluggish domestic consumer demand and recently vowed to expand it by injecting $586 billion into nationwide infrastructure. But a dwindling confidence in the economy seems to be getting in the way of the government's agenda. Here in the industrial town...