May 3, 2012

Modest steps at the IMF

The biannual meetings of the world’s leading financial institutions, the International Monetary Fund and the World Bank, are generally pretty staid affairs — after all, how riled up can gatherings of central bankers and finance officials really get? In recent years, the answer is ...

Jan 31, 2012

A worrisome trade deficit

Japan’s trade balance went into the red in 2011 — the first since 1980 when soaring oil prices caused a trade deficit. But the current account balance is still in the black thanks to income generated by Japan’s overseas net assets amounting to some ...

Jan 16, 2012

Russia as a WTO member

A ministerial conference of the World Trade Organization in mid-December unanimously approved Russia’s request to join the world trade body. It also approved Samoa’s and Montenegro’s entry. It took 18 years for Russia to become a WTO member. This is the first time since ...