Word: japanized
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...Asian free-trade zone have been mooted in the past. But with Asian economies leading the world out of recession while America languishes, the topic is coming up with increasing frequency. At a meeting of regional leaders hosted by the Association of Southeast Asian Nations in Thailand last month, Japan's Prime Minister Yukio Hatoyama proposed an "East Asian community" that would bind together Japan, China, South Korea and the 10 countries of Southeast Asia, plus India, Australia and New Zealand. Hatoyama - who recently opined that "the era of U.S.-led globalism is coming to an end" - suggested this zone...
...Abhisit Vejjajiva said during the recent ASEAN summit, "The old growth model where, simply put, we have still to rely on consumption in the West for goods and services produced here, we feel will no longer serve us." This is especially true because China, which is poised to overtake Japan as the world's second largest economy, is an increasingly important trading partner for countries such as Japan, South Korea and Indonesia. "Asian firms would do better to reorient their exports and production towards meeting the demand of Chinese consumers," says Kit Wei Zheng, a Singapore-based economist with Citigroup...
...Realistically, it could take many years to form an E.U.-style trading bloc in the region - if such a body can be formed at all. Historical enmities simmering between nations like China and Japan could make close cooperation impossible, as could divergent economic interests of poor developing countries like Vietnam and those of advancing industrial economies like South Korea. Another commonly cited impediment is cultural diversity. "Europe is in a sense a single civilization; Asia is not," says Ravi Menon, Permanent Secretary of Singapore's Ministry of Trade and Industry. Others question whether Asia's institutions are robust enough...
...real writing. He was an acknowledged master of the short story and a great deal of his fiction was based on material provided by his extensive travels. His first trip to Samoa and the South Seas was in 1916 and he kept exploring - visiting French Polynesia, Japan, Hong Kong, Shanghai, Peking, Singapore and what was then Malaya - with absolute fascination until the early 1920s. His finest short-story collections, The Trembling of a Leaf (1921), The Casuarina Tree (1926) and Ah King (1933), were inspired by these wanderings. They were all undertaken in the company of the colorful Gerald Haxton...
...their press conference there was some hint of the discord, especially as it related to the basing of U.S. marines on Okinawa. Obama said the continuing discussions over U.S. bases in Japan would "focus on the implementation of the agreement" that was already struck. Hatoyama, by contrast, spoke of the possibility of considering relocation of U.S. forces "outside Okinawa and outside of the country...