While parallels exist, two American economists believe the US won't relive Japan's decade 'stuck in deflationary economic goo'
Within the next decade, China will become the world’s largest equities market.
Japan, Australia, and Britain offered plans and urged action Monday to overcome divisions – mainly between rich and developing nations – and forge a global pact to cut emissions.
Japanese Foreign Minister Okada said that Japan should focus on assistance to both Afghanistan and Pakistan. The government has not been clear on whether it will continue its refueling mission.
Hatoyama is thinking big on climate change and upending the bureaucracy, but offering little bold direction for ending Japan's extended economic slump. The new PM takes office Wednesday.
Afghan refugee children played on a swing on the outskirts of Islamabad, Pakistan.
Many see Pyongyang's recent friendly gestures as a tactical move. The US moved Tuesday to freeze the assets of two North Korean entities, while South Korea accused the North of unleashing a deadly flash flood.
A family gathering slowly reveals deeper frictions in this Japanese seriocomedy.