Slices of Japanese business, politics and life
The easing of the credit crisis is giving way for a new generation of sovereign wealth funds.
Japan, Taiwan, Thailand, Bolivia, Nigeria, Canada are just some of the places where a public debate has begun on establishing some form of sovereign wealth fund. And even Scotland is now looking at establishing such a fund to manage oil wealth.
China is also close to launching an agency to restructure and consolidate state-owned enterprises -- dubbed by Chinese media as CIC 2.0 in reference to the country's $200 bln SWF China Investment Corp.
Ashby Monk, expert on SWFs and research fellow at Oxford University, says the crisis may have highlighted the importance of having SWFs and having extra cash to deal with the emergency.