Word: second-largest
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...official: amid a bout of global financial instability not seen in years, Japan, the world's second-largest economy, has no central bank governor. Toshihiko Fukui, the current Bank of Japan (BoJ) chief, has packed his bags-his five-year term ended at midnight, March 19-and due to a political deadlock in Japan's parliament, it may be weeks before a successor is appointed...
Temporarily averting what could become an embarrassing vacancy at the top of the world's second-largest economy, Japan's leadership yesterday named its choice for a new central bank chief: Toshiro Muto, currently deputy governor of the Bank of Japan. The nomination by Prime Minister Yasuo Fukuda surprised no one-Muto for months has been considered the front runner for the post-but it's still far from certain that he'll get the job as governor of the Bank of Japan...
...Hizballah has vowed revenge for the car bomb killing of Imad Mughniyah, and Israel is taking the threat seriously. Israel has placed its army on alert and reinforced its presence along the northern border with Lebanon. Patriot anti-missile batteries have been deployed near Haifa, Israel's second-largest city, 40 kilometers south of the Lebanese border. Even airlines flying into Israel have been instructed to ensure that all passengers are seated half an hour before landing to protect against a 9/11-style hijacking and aerial attack...
While there was some relief at this week's Danish police action, the Intelligence Agency's swift arrest of the three men in the country's second-largest city, Aarhus, has raised legal questions. Two of the men, Tunisians ages 36 and 25, were to be administratively extradited, an extra-judicial shortcut that would avoid taking them through a trial. Meanwhile, the third man, a 40-year-old naturalized Dane of Moroccan origin, was released for lack of evidence, also without a trial. The security service explained that it had achieved its goal: to prevent a murder. It said that...
...Kenya's second-largest city, however, is hardly a ghost town. Locals bustle about pastel-colored shops crammed along sandy avenues, as brightly painted taxis cruised under palm trees in the sticky heat. But foreign faces are nowhere to be seen. On the northern tip of another of Mombasa's deserted beaches, Masai tribesmen with glittering bracelets draped on their arms unsuccessfully tried to hawk their jewelry to the rare visitor passing by. Curio sellers bemoaned their lack of customers. "We regret that we ever had elections," says Joseph Mutie, stretched out under racks of kaleidoscopic cloths billowing...