Klein's Commentary

Go beyond the headlines

Asia Tensions Reach New Highs

North Korea’s rounds of provocation tempered with inaction continue to challenge regional powers. Sanctions appear to have had little affect on the new regime, but perhaps some additional pressure from China, one of their last remaining allies, has put the fear of complete isolation into the minds of Pyongyang’s leadership. Now that the new Kim…

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Red Lines in the East China Sea

[Short version on CNN GPS] In many parts of the world the long curve of history continues dragging nations back to the brink of war. Take Northeast Asia where recent tensions between China and Japan risk erupting into conflict. The Senkaku/Diaoyu islands, home to rocky outcroppings and resource rich waters nearby has become the latest…

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Down but Not Out – Japan’s Economy in Recession

While Europe’s troubles continue making headlines Japan’s economy slipped back into recession in late 2012 with barely a mention. Why the difference? Perhaps the island economy shows no hope of recovery after twenty plus years of stagnation, its quiet fade into economic history a near certainty. That would be a decidedly misguided interpretation. After the…

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Asia Integration Leaves U.S. Behind

You can’t blame them for trying. U.S. trade negotiators have been at it for years but conclusion of the Trans-Pacific Partnership (TPP) keeps receding over the horizon. A June deadline was floated and then passed quietly by. The end of 2012 came next (here and almost gone). Japan and possibly even Korea thought of joining…

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Asia by the Numbers

(UPDATE 10/8/12: Both the World Bank and Asian Development Bank have lowered 2012 growth forecasts for China and Asia.) Remember those halcyon days of unending Asia growth and the re-birth of a Silk Road century? Cherish the memories. Nothing but negative news keeps flowing out of regional giants these days. Expert debates rage on about…

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Occupy East China Sea – China, Japan Face Off Over Disputed Islands

Chinese fishing fleets continue pressing their claims to the resources of a disputed island chain in the East China Sea while Japan considers what it can do with a Coast Guard fleet to protect their administrative control. The Senkaku/Diaoyu or Diaoyu/Senkaku island debate rages on with an occupy movement in full swing. With the Japanese…

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Mid-Day Note: Global Economic Data Disappoints

U.S. economy still lags. Today’s U.S. housing and consumer confidence figures failed to signal a real economic rebound. This after Moody’s downgrades of fifteen banks last week, including Goldman Sachs, and earlier Federal Reserve data* showing U.S. household net wealth plunging over 40 percent between 2007-2010. That’s an entire generation of wealth creation gone in…

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How to Reshape Post-Crisis Japan

Japan’s ability to rebound from its triple disaster in March will require more than just rebuilding; it will demand restructuring in areas from energy and farm policy to decentralization of power, write Brian P. Klein and CFR’s David S. Abraham. (more)

Can China Lift Japan Out of Recession?

Hopes are high and rising that a near-term China recovery, fueled by an estimated $587 billion stimulus plan and massive bank lending, will be a boon to Japan’s ailing export sector. This new demand is expected to lift China out of recession even before the United States and Europe recover. China’s stimulus, however, is neither…

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