Word: japanned
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...dollar didn't always enjoy the dubious honor of being the global currency a trader could most cheaply borrow. For much of the last decade Japan has been the world's largest moribund economy, with an economy so weak the Bank of Japan never dared to lift interest rates significantly above zero. During this time the Japanese yen was the currency traders loved. No longer, it seems. "The yen has become the least obvious carrying currency," says Credit Suisse's Desbarres, mainly because the near-zero interest rates Japan once exclusively offered are now available from central banks across...
...These ideas and others were addressed last month at a one-day conference exploring integrated lake-basin management for the Udaipur lakes, hosted by Mewar at his Fateh Prakash Hotel beside Lake Pichola. Masahisa Nakamura, director of the Center for Sustainability and Environment at Japan's Shiga University and chairman of the International Lake Environment Committee Foundation's scientific committee, identified several human factors that are to blame for the lakes' sorry state: deforestation, construction of new hotels and private homes too close to the lakes, sewage and waste dumping, and poor governance, bribes and corruption. Nakamura was particularly critical...
...Three decades later, the world witnesses the extraordinary results. China is now the world's third largest economy, after the U.S. and Japan, and recently surpassed Germany as the largest exporting nation. Its GNP is on course to overtake Japan's by 2010 and perhaps that of the U.S. by 2020. (Read "Why the China-U.S. Trade Dispute Is Heating...
...Public opinion polls in Europe and the U.S. regularly reflect a negative image of China, while concerns over economic competition and job losses are growing in Europe, Africa and Latin America. Substantial strains remain in Beijing's ties with three of China's most important neighbors: Australia, India and Japan. Even relations with Russia, which have achieved historic highs since the collapse of the Soviet Union, have run into obstacles. This is unsurprising. As Beijing expands its influence and begins to flex its new muscle on the world stage, it's to be expected that China will engender occasional discord...
Bill Clinton threatens Japan with a 100% tariff on luxury cars unless Tokyo eases its regulations against U.S. automakers. An 11th-hour deal scuppers the tariff...