Word: second-largest
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...understanding of the inner Koizumi is crucial: his chances of resuscitating the world's second-largest economy may depend on which aspects of his complicated character govern his decisions and actions...
...heart of Japan's ancient rites and assumptions, is the reality of suffering (which means that anything other than suffering is an unexpected luxury). The second rule is impermanence, which in this context translates into taking the long view of things. The economic forecast calls for overcast skies, I hear my neighbors saying, but that can only change at some point, and in the meantime Japan has the second-largest economy in the world and unparalleled private savings. Besides, a rainy day allows you to do things you would never think to do when...
...under siege, its currency was too. The dollar fell sharply in overseas trading, posting seven-month low against the pound and more than a 2 percent loss against the yen, as if the at least symbolic gutting of the world?s largest economy was inspiring a flight to the second-largest - the one still standing. (Certainly Japan?s economic woes are a faint memory...
WHAT HAPPENED: Ten years after its real estate bubble burst, the world's second-largest economy is a mess. Prices are falling, which means consumers won't buy, thinking goods will be cheaper next week. Banks are crushed by bad debts. Prime Minister Junichiro Koizumi wants to reform the economy and let bankrupt firms go to the wall. Result: in the short term, more pain and record levels of unemployment...
...fuel, and from the hearth of the tiniest hut to the boiler rooms of big state-owned factories, coal is king. But decades of overuse have left sooty skies, polluted streams and eroded topsoil levels. Despite a pledge to cut down its contribution to global warming, China is the second-largest producer of greenhouse gases behind the U.S., with a far smaller economy. In winter, neat circles of coal briquettes are piled high outside city apartment blocks, while peasants shovel unprocessed chunks into their furnaces...