Word: japanned
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...global currency reserves held in dollars has been declining in recent years - but only marginally. Dollars accounted for 64% of the world's currency reserves at the end of 2008, down from 67% three years earlier. There remains great incentive for countries with large dollar reserves, like China and Japan, to continue to invest in dollar assets to preserve the value of their holdings. Besides, replacing the dollar would demand a level of cooperation among the world's major economic powers that is difficult to achieve. Although China and Russia reiterated their calls for reform of the global currency system...
TOKYO Prada's swim trunks ($175) are popular on Japan's man-made beaches...
...While the North Korean test is disheartening, we are encouraged to see that the United States’ alliances with Japan and South Korea remain strong. Even more importantly, this crisis has seen Japanese and South Korean leaders unite to make a strong statement on the continued unacceptability of the North Korean nuclear program. Given the historical animosity between the two countries, it is important that these relationships remain strong for the continued stability of the region during the twenty-first century...
...meantime, the U.N. Security Council - at the behest of the U.S. and its key allies in East Asia, Japan and South Korea - convened yesterday to consider a response to the launch. But the meeting broke up late Sunday night with no agreement on anything, and that speaks volumes about the gap that now exists between China and Russia on one side (both permanent members of the Security Council) and the U.S., South Korea and Japan on the other. (Those nations, plus North Korea, comprise the six-party talks.) (Read about what North Korea could look like after...
...best Obama can hope for now is to get North Korea to return to the six-party talks (hosted by Beijing and including South Korea, Japan and Russia.) Washington has tried to signal Pyongyang in advance of the launch that it was still interested in talking, "because," says one Western diplomat, "the big picture remains the same, missile or no missile: getting them to abandon their nuclear weapons program...