Word: japanism
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...regulatory changes designed to cool China's stock fever-to sink the ship. On Feb. 27, China's main stock index fell 8.8%. Because of the huge leverage and increased computer trading that characterize modern finance, this sell-off triggered sharp declines in other markets from Russia to Malaysia, Japan...
...Washington's embrace of his regime been tighter. The cranked-up diplomacy was set in motion by the recent breakthrough in the six-party talks aimed at getting the North to end its nuclear-weapons program. Last month, North Korea struck a deal with the U.S., South Korea, China, Japan and Russia to shut down its Yongbyon reactor, which produces the plutonium material necessary to make nukes, in return for a variety of economic and diplomatic benefits, including an emergency delivery of 50,000 tons of fuel oil. The Bush Administration's goal is not only a North Korea without...
...Still, Washington must tread cautiously if it is to avoid scuttling its hard-won dialogue with Pyongyang. Kim has repeatedly shown his willingness to walk away at the slightest provocation. Just this week, while the U.S. was parleying with the North Koreans in New York, similar talks between Japan and the North in Vietnam hit a roadblock. According to Japan's Foreign Ministry, Pyongyang temporarily suspended negotiations after Tokyo demanded that it account for Japanese citizens abducted by North Korea in the 1970s and '80s. Considering how tricky talking to the North can be, just achieving the immediate goal...
...those confused by the strange sight of suddenly friendly American and North Korean diplomats hitting a Broadway show together in New York this week, take comfort that in Asia Pyongyang is still a diplomatic migraine. As part of the agreement reached in the Six-Party talks last month, Japan and North Korea met yesterday and today in Hanoi for bilateral discussions aimed at normalizing relations between the two nations. (Like the U.S., Japan has never established official diplomatic connections with North Korea.) But while American negotiator Christopher Hill happily characterized his meetings with the North Koreans earlier this week...
...provided as part of any nuclear deal with North Korea unless the abductions are resolved first. That means the safe return of any surviving abductees by Pyongyang or conclusive proof of their deaths. North Korea has admitted 13 kidnappings, but says that all abductees have been repatriated to Japan or have died, and considers the issue closed...