From Christian Science Monitor:
Ahead of the G-20 summit on the financial crisis, many are eyeing Japan's huge foreign reserves. But Tokyo is reluctant to use them on struggling nations.
Tokyo - Can Japan, the world's second largest economy, save the global financial system?
Don't count on it.
As world leaders prepare to meet in Washington Saturday to seek a way out of the financial crisis, some are casting covetous eyes in the direction of Japan's $1 trillion worth of foreign reserves as a source of salvation for troubled nations and banks.
Read more ....
Ahead of the G-20 summit on the financial crisis, many are eyeing Japan's huge foreign reserves. But Tokyo is reluctant to use them on struggling nations.
Tokyo - Can Japan, the world's second largest economy, save the global financial system?
Don't count on it.
As world leaders prepare to meet in Washington Saturday to seek a way out of the financial crisis, some are casting covetous eyes in the direction of Japan's $1 trillion worth of foreign reserves as a source of salvation for troubled nations and banks.
Read more ....