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Japan’s rising but Asia’s economic gains must wait

Japan's rising but Asia's economic gains must wait Japan's emergence from more than a decade of stagnation could mean greater demand for its neighbors' exports, more Japanese investment in the rest of the region and stronger Asian currencies. But people are not holding their breath and expecting Japan to give a sudden boost to Asian growth. Economists say it could take years for income levels in Japan to rise to levels that will translate into big demand for Asian goods or for Japanese capitalists to invest with vigor in Asia. All it may mean in the near term is some extra investment in

LEAD: Japan eyes launching E. Asia-wide FTA talks in 2008+

LEAD: Japan eyes launching E. Asia-wide FTA talks in 2008+ Japan will propose to 15 Asian neighbors launching talks in 2008 aimed at a region-wide free trade agreement as a precursor to establishing an East Asian economic community, trade minister Toshihiro Nikai said Tuesday. Economy, Trade and Industry Minister Nikai told a press conference Japan will ask the 10-member Association of Southeast Asian Nations, and China, South Korea, India, Australia and New Zealand to consider the regional FTA talks. If realized, the economic zone would include half the world's population and a quarter of its gross domestic product, officials said. The idea will be

Strong U.S.-Japan alliance crucial in changing Asia

Strong U.S.-Japan alliance crucial in changing Asia In 1903, Douglas MacArthur graduated from the United States Military Academy at West Point, N.Y. For the next nine months, he traveled through Asia with his father, Gen. Arthur MacArthur. Impressed by what he saw, the younger MacArthur came to the conclusion that the 20th century would be Asia's century. Looking back, that indeed may have been the case if you measure the tremendous bloodshed and treasure lost during that time. However, it is my view that the 21st century truly will be the Asian century by every measure. If you consider such statistics

Asia outgrows Japanese economy, heralding new era

Asia outgrows Japanese economy, heralding new era For the first time in more than three decades Japan’s economy, the world’s second largest, is set to be surpassed in size by the rest of Asia. That milestone, says Lehman Brothers economist Robert Subbaraman, signals the arrival of the Asian consumer as a key growth driver and probably marks the turning point for Asia’s export-led economic model. While only a small number of Asia’s more than 3 billion people are moving up to middle-class income levels, analysts say the numbers are growing faster than any other region worldwide, fuelling a consumption boom.

Officials rebrand Zamboanga as Asias Latin City

Officials rebrand Zamboanga as Asias Latin City The local government formally launched on Thursday the branding of Zamboanga as Asias Latin City in a simple ceremony held during the opening of the 15th Mindanao Business Conference at the Astoria Regency, Pasonanca Park, here. Mayor Celso Lobregat explained at the project launching the basis for branding the Zamboanga as a Latin city is the existence of Chavacano, a derivative of the Spanish language that in turn is an outgrowth of Latin, the old Roman tongue. Chavacano is spoken by a majority of the people here, in Basilan and other parts of the Zamboanga Peninsula.