Word: japanned
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...According to Reuters, "Japan, China and South Korea have finalized details of an emergency $120 billion liquidity fund for 13 Asian nations." In the event of a financial crisis in one of the counties, this fund would be available to provide assistance...
...There is a temptation to compare this new facility to the IMF, but that analysis would miss the move toward a financial alliance that will help serve to bring Asia together as a single, loosely formed economic entity lead by China and Japan, two of the four largest countries in the world as measured by GDP. The program makes the region financially stable, probably more stable than Europe is now with its rising unemployment, stagnant economies, and sovereign debt which faces downgrades in many cases. (See pictures of Obama's recent trip to Europe...
...including “Mnemonic” and “The Three Lives of Lucie Cabrol.” Although she says her influences vary based on the project, Videt cites Complicite as one of her major sources of inspiration. Videt—who spent her childhood in Japan, Hong Kong, and Singapore—believes that her experiences growing up contributed to shaping her artistry today. “Growing up in Asia helped me in terms of being able to explore a certain different type of aesthetic that exists in the world.” The young...
...finance, which had dried up as banks clamped down on lending in late 2008, hamstringing global trade. But China, the world's third-largest economy, is likely a more crucial factor in the turnaround. China sits in the middle of an increasingly important trading system within Asia. Countries like Japan, South Korea and Indonesia export capital goods, components and raw materials to China, where they are used to manufacture final products for shipment to the West. This network broke down as demand in the U.S. and Europe shriveled, but economists say China's stimulus program might be filling in some...
...Economists, however, warn that exports are still greatly reduced from levels seen a year ago, so the improving statistics don't necessarily herald a full-scale economic revival. Japan's March exports to the U.S., for example, were less than half the amount sold a year earlier. Société Générale's Maguire says that he is encouraged by the recent figures, but not enough to drastically alter his outlook on Asia's overall growth. "We've definitely seen the low, the worst of the collapse of demand," says Maguire, "but we shouldn...