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Apr 17, 2014

Obama, Abe to battle negative images at U.S.-Japan summit

TOKYO/WASHINGTON (Reuters) – When President Barack Obama meets Japanese Prime Minister Shinzo Abe at a summit next week, they will be battling negative undercurrents that could undermine their message that Asia’s most important security alliance is firm.

Obama, stopping in Tokyo at the start of a four-nation Asian trip, must counter worries in Japan that his commitment to its defense in the face of an increasingly assertive China is weak.

Apr 16, 2014

U.S. calls for more investment-friendly Indian government

WASHINGTON, April 16 (Reuters) – The United States on
Wednesday urged the Indian government that emerges from ongoing
elections to follow economic policies that encourage investment,
saying Washington would like to see bilateral trade grow to $500
billion a year.

Nisha Biswal, U.S. assistant secretary of state for South
and Central Asia, said future economic growth in South Asia
hinged on India as the region’s growth engine.

Apr 15, 2014

U.S., China in ‘productive’ talks after North Korea test threat

WASHINGTON (Reuters) – The United States and China have held “productive” talks on North Korea, the U.S. State Department said on Tuesday, part of stepped up international diplomacy after Pyongyang warned of plans to conduct a new type of nuclear test.

U.S. Special Representative for North Korea Policy Glyn Davies met with his Chinese counterpart Wu Dawei in New York on Monday and Tuesday. Wu would continue discussions with Davies and other U.S. officials in Washington on Friday, a State Department statement said.

Apr 12, 2014

Beijing rejects IMF’s hard-landing warning for China’s economy

WASHINGTON (Reuters) – A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China’s economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financial risk.

Chinese Vice Finance Minister Zhu Guangyao said China worked closely with the IMF but did not agree with all of its analysis.

Apr 12, 2014

China backs aid for Ukraine, worried by IMF funding capacity

WASHINGTON (Reuters) – China said on Saturday it backed IMF financial support for Ukraine, but expressed concern about the global lender’s funding capacity given the failure of the U.S. Congress to ratify a program of reforms for the institution.

Chinese Vice Finance Minister Zhu Guangyao told a small group of Western journalists on the sidelines of the IMF-World Bank spring meetings in Washington it was a “worry” that more than 85 percent of IMF lending was currently focused on Europe.

Apr 12, 2014

South Korea upbeat on growth, shrugs off U.S. tapering

WASHINGTON, April 11 (Reuters) – South Korea’s economy will
maintain its fast recovery and the U.S. unwinding of its
stimulus measures even adds to the optimism because it suggests
exports will grow, the South Korean finance minister told
Reuters on Friday.

A spike in the amount of long-term external debt was not a
source of concern but was “natural” in line with the expanding
size of the Korean economy and was instead a sign of improving
investor confidence in South Korea, he said.

Apr 10, 2014

Manila will have to join Asia-Pacific trade bloc one day-minister

WASHINGTON, April 10 (Reuters) – The Philippines will
eventually have to join a market-opening trans-Pacific trade
deal currently under negotiation once its market share, jobs and
businesses start to suffer because of it, the country’s finance
minister said on Thursday.

The Philippines has not joined 12 other nations involved in
negotiations on the Trans-Pacific Partnership (TPP) because of
constitutional provisions limiting foreign ownership in some
sectors it would need to open to join the pact.

Apr 10, 2014

Manila to conduct new bond swap when conditions right -Purisima

WASHINGTON, April 10 (Reuters) – The Philippines will
conduct another foreign debt swap similar to one in January once
market conditions are right, the country’s finance minister said
on Thursday.

“We just did one earlier this year, and as you know, the
Philippines is always opportunistic and when market opportunity
is there, we will do one,” Finance Secretary Cesar Purisima told
reporters on the sidelines of the IMF/World Bank meetings in
Washington.

Apr 4, 2014

U.S. warns China not to attempt Crimea-style action

WASHINGTON (Reuters) – China should not doubt the U.S. commitment to defend its Asian allies and the prospect of economic retaliation should also discourage Beijing from using force to pursue territorial claims in Asia in the way Russia has in Crimea, a senior U.S. official said on Thursday.

Daniel Russel, President Barack Obama’s diplomatic point man for East Asia, said it was difficult to determine what China’s intentions might be, but Russia’s annexation of Crimea had heightened concerns among U.S. allies in the region about the possibility of China using force to pursue its claims.

Apr 3, 2014

U.S. warns China not to attempt Crimea-style action in Asia

WASHINGTON (Reuters) – China should not doubt the U.S. commitment to defend its Asian allies and the prospect of economic retaliation should also discourage Beijing from using force to pursue territorial claims in Asia in the way Russia has in Crimea, a senior U.S. official said on Thursday.

Daniel Russel, President Barack Obama’s diplomatic point man for East Asia, said it was difficult to determine what China’s intentions might be, but Russia’s annexation of Crimea had heightened concerns among U.S. allies in the region about the possibility of China using force to pursue its claims.

    • About David

      "David Brunnstrom is Reuters U.S. Asia Policy Correspondent, based in Washington DC. Before moving to Washington in 2012, he reported from all over Western and Eastern Europe, the Middle East and parts of Asia as EU and NATO correspondent based in Brussels. Before that, he spent nearly 20 years in Asia for Reuters, with postings in Bangkok, Seoul, Tokyo, Hanoi, Islamabad and Kabul."
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