Scholar Francis Fukuyama and former Treasury Secretary Henry Paulson talk about China, Wall Street, and the global financial crisis.
The debate around exchange rates and trade balances is new again, thanks to the current economic environment.
Newly appointed Japan finance minister Naoto Kan faces the tough task of stimulating a struggling economy while keeping public debt under control. His role as deputy prime minister was to wrench policy powers away from bureaucrats.
Japan unveiled a fresh $81 billion stimulus package Tuesday, as a rising yen hurts exports and domestic demand remains low.
Spending on Afghan war could be putting the dollar in increasingly perilous position
TOKYO, JAPAN: Tokyo knocked last year's most expensive city, Moscow, off the top of the chart, according to an annual Cost of Living Survey by Mercer, an international consulting firm. The survey covers 143 cities across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods, and entertainment. Mercer claims this is the world's most comprehensive cost of living survey and is used to help multinational companies and governments determine compensation allowance for their expatriate employees. The survey, conducted in March, uses New York as the base city for the index, with currency moves measured against the dollar. Here, a light display is relfected on a window of a skyscraper as the Tokyo Bay area can be seen in the background from a viewing deck of the Tokyo Tower.
American home prices rise for the third straight month and consumer prices fall in Japan.
Global stocks react negatively to a stronger Japanese Yen, weak US economic indicators