Apr 23, 2010

King Bhumipol's last play

HONG KONG — It is not easy to see any way out from the present impasse in Thailand, which has seen successive governments at the mercy of mob rule while the security forces have failed to do their duty. Much of the international press ...

Apr 21, 2010

High price for cheap yuan

HONG KONG — U.S. President Barack Obama decided to back off at least from an immediate direct confrontation with China over the value of the yuan. It is a sensible decision on both economic and political counts. But there is no sign yet that ...

Apr 14, 2010

Who should lead the IMF?

HONG KONG — With the popularity of Nicolas Sarkozy plummeting in French opinion polls and with Dominique Strauss-Kahn (DSK) winning a good reputation as head of the International Monetary Fund, speculation is already swirling about when Strauss-Kahn will formally quit the fund to seek ...

Mar 31, 2010

The pope's Easter mystery

HONG KONG — As more than a billion Roman Catholics prepare to commemorate the most sacred mysteries of their faith culminating at Easter next Sunday, most eyes will be on the small elderly man in the Vatican palace to see whether he can steer ...

Mar 17, 2010

'Cove' mind-set harms Japan

HONG KONG — The ballyhoo, glitz and glamour of the annual Oscars awards had many people in the world waiting with baited breath to see if they could make even a tangential claim to knowing one of the winners. Newspapers cleared their front pages ...

Mar 10, 2010

IMF flunks good governance

HONG KONG — On Feb. 26, International Monetary Fund managing director Dominique Strauss-Kahn put forward a bold-sketch map for what he called “an IMF for the 21st century,” but in the very same week he and two key members of the fund, China and ...

Mar 2, 2010

Whose GDP is No. 2 misses point

HONG KONG — News headlines this month proclaimed that Japan is still the world’s second-biggest economy, ahead of its neighbor China. Gross domestic product figures for 2009 showed Japan with $5.085 trillion against China’s $4.91 trillion. But every economist knows that there are lies, ...

Feb 21, 2010

Not the time to junk the factories

HONG KONG — While President Akio Toyoda and his Toyota Motor Corp. search for the vehicle pedal that says “damage control,” economists and political commentators are increasingly speculating whether the multimillion vehicle recall by Toyota presages the beginning of the end of Japan’s mighty ...

Feb 17, 2010

Perilous U.S.-China games

BEIJING — Beijing is increasingly playing hardball on every issue that brings it into contact and potential conflict with the rest of the world: democracy in Hong Kong; U.S. arms sales to Taiwan; the visit of the Dalai Lama to the White House; sanctions ...

Feb 11, 2010

Critical role for bureaucrats

HONG KONG — Some political commentators are suggesting that Prime Minister Yukio Hatoyama is preparing to make Britain his model for reforming Japan’s government system so that ministers — and not bureaucrats — make the important policy decisions. Before going any further, Hatoyama or ...

Jan 24, 2010

'Fat cats' roaring back at Obama

HONG KONG — U.S. President Barack Obama has used harsh words in denouncing the big bonuses that Wall Street is paying to its bankers and announcing new levies to claw back some of that money. “We want our money back, and we are going ...