Same danger today as 07, group of academics in the Fed, who've never taken risk, protecting us from asset bubbles in risk capital markets?
15 minutes ago
Roubini Topic Archive: Japan
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Japan’s Yen for RMB (and vice versa)
Two indications in the news today of the diminishing influence of America on the world, both self-inflicted: a currency agreement between Japan and China, and the slipping of Iraq back toward chaos. I want to look at them both this week, but today, let’s start in the Far East. Multiple reasons lay beneath the decision by China [...]
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China’s Carrier and Other Sources of American Hysteria
The onset of strategic paranoia — the vigil kept by those at the top of the heap who regard any development as the beginning of the end — is a sure sign the beginning of the end has, indeed, occurred. Watch carefully for paranoia’s symptoms as the United States reacts to China’s decision to confirm [...]
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Can Kan? Japan Can’t
The fix was in: that’s the news on the alleged survival of Japanese Prime Minister Naoto Kan from a no confidence vote tabled by his parliamentary opponents on Thursday. On the face of it, Kan easily survived the challenge – with some 293 voting against the measure, including all of his Democratic Party of Japan (DPJ), [...]
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Geopolitical Risks: The Not-So-Pacific Rim
While any region of the size and complexity of the Pacific Rim is bound to see flare ups of rivalry and conflict, the coastal zone stretching roughly from the Malacca Straits to the Korean Peninsula has proved particularly busy in the second half of 2010. Three major drivers explain the current volatility: China’s rise in [...]
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Beijing’s ‘Own Goal’
One of the many theories about North Korea which appears to float on thin air (and make no mistake, most of them do) goes something like this: China, the one country with real leverage on crazy Kim and his gulag, loves the status quo. Like that guy in your neighborhood who walks around with the pit bull straining against his leash, the Chinese parade their influence on the Pygmy of Pyongyang, as if to remind the neighborhood that without the strong hand of his masters in Beijing, Kim Jong-il’s steroid fed army of Stalinist zealots would run amok all over East Asia.
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The Rising Sun also Sets
From Global Post: How do the Election Results Change US-Japan Relations? NEW YORK — As if Barack Obama doesn’t have enough foreign policy headaches, the United States now faces the prospect of trouble in Asia from a surprising quarter: Japan. For decades, since the post-war U.S. occupation of Japan ended in 1955, successive governments in [...]
