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...tested a nuclear weapon, leaving no doubt over its capacity or intent.) Unlike North Korea's hermit kingdom, Iran is an integral part of the world economy as its fourth-largest supplier of oil - with much of its output consumed by China, India and Japan. Most of the international community will view comprehensive sanctions against Iran as unthinkable in light of the impact they would have on global oil prices, and therefore on the global economy as a whole. Indeed, world oil prices have begun to creep upwards since Saturday's sanctions resolution. Unlike North Korea, Iran also has leverage...

Author: /time Magazine | Title: Iran and North Korea Show the Limits of Sanctions | 12/26/2006 | See Source »

...China: Feeling the Heat •South Korea: Use Carrots, Not Sticks •Japan: Abductions Cloud the Issue •Russia: Trying to Look Relevant...

Author: /time Magazine | Title: Russia Tries to Look Relevant | 12/18/2006 | See Source »

...Today, North Korea and Japan have perhaps the most antagonistic relationship in the six-party forum. After Pyongyang's nuclear test in October, Tokyo slapped every sanction it could on the country, down to banning the trade in used bicycles. North Korea continually calls for Japan's exclusion from the talks, claiming that Tokyo is "wasting time by bringing to the table irrelevant issues" - a reference to the abductions, which Tokyo considers unsettled. Tokyo says there may still be kidnapping victims living in North Korea, while Pyongyang insists all the surviving abductees have been returned. Tokyo will try to push...

Author: /time Magazine | Title: For Japan, Abductions Cloud the Issue | 12/18/2006 | See Source »

...Analysts outside Japan warn that Tokyo's inflexibility on the abduction issue is robbing it of any influence over the negotiation process. "Japan has lost the leverage of being able to dangle a $10 billion reparations carrot in front of North Korea," says Peter Beck, the Seoul-based North East Asia project director for the International Crisis Group. "The Japanese delegation has been reduced to being spectators at the nuclear talks." For Tokyo, which thought it was finally getting in the game after decades on the diplomatic sidelines, that feeling will be frustratingly familiar...

Author: /time Magazine | Title: For Japan, Abductions Cloud the Issue | 12/18/2006 | See Source »

...China: Feeling the Heat •South Korea: Use Carrots, Not Sticks •Japan: Abductions Cloud the Issue •Russia: Trying to Look Relevant...

Author: /time Magazine | Title: Tough Opening Bids in North Korea Nuke Talks | 12/18/2006 | See Source »

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