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Asian nations agree to set up crisis fund

AFP - Monday, May 5

MADRID (AFP) - - Finance ministers of 13 Asian nations agreed here on Sunday to set up a foreign exchange pool of at least 80 billion dollars (52 billion euros) to be used in the event of another regional financial crisis. More »

Other Stories

Japan warns rising food prices could lead to unrest in Asia
AFP - Monday, May 5
MADRID (AFP) - - Soaring prices for food staples, especially for rice which have tripled over the past year, could lead to social unrest in Asia, Japanese Finance Minister Fukushiro Nukaga warned Sunday in Spain. More »
War shrine film opens in Tokyo amid tight security
AFP - Saturday, May 3
TOKYO (AFP) - - A controversial film about a Japanese shrine that honours the nation's war dead opened on Saturday in Tokyo amid tight security, defying threats from nationalists outraged at its content. More »
Japan Airlines net profit twice as big as expected
AFP - Saturday, May 3
TOKYO (AFP) - - Japan Airlines said Friday its annual net profit was more than twice as large as expected after cost cuts helped Asia's largest carrier return to the black after two years of losses. More »
Japanese banks see 14.4 bln dlrs in subprime losses: report
AFP - Friday, May 2
TOKYO (AFP) - - Japanese financial institutions together lost more than 1.5 trillion yen (14.4 billion dollars) in the year to March because of the US subprime mortgage crisis, a report said Friday. More »
Japanese interest rates unchanged, growth set to drop
AFP - Wednesday, April 30
TOKYO (AFP) - - Japan's central bank said on Wednesday that it had decided to leave its main interest rate unchanged at 0.5 percent at the end of a one-day meeting, amid worries about the health of the global economy. More »
Japan tells Ikea to give better instructions
AFP - Monday, April 28
TOKYO (AFP) - - Swedish do-it-yourself furniture giant Ikea has been ordered to give better instructions in Japan after a customer suffered minor injuries assembling a chest, it said Monday. More »
Japan PM forges ties with old, new Russian leaders
AFP - Sunday, April 27
NOVO-OGARYOVO, Russia (AFP) - - Japanese Prime Minister Yasuo Fukuda joined Russia's leaders on Saturday in praising improved ties and pledging to further negotiations over the disputed Kuril Islands. More »
Headache for BoJ as Japan's inflation hits decade high
AFP - Friday, April 25
TOKYO (AFP) - - Japan said Friday core inflation hit a fresh decade high of 1.2 percent in March on rising energy and food costs, creating a dilemma for the central bank with economic growth also slowing. More »
Japan, EU leaders call for 'highly ambitious' climate goals
AFP - Wednesday, April 23
TOKYO (AFP) - - Leaders of Japan and the European Union called Wednesday for "highly ambitious and binding" global targets to fight climate change, seeking a breakthrough at July's Group of Eight summit. More »

Japan, EU call for 'highly ambitious' climate goalsAFP -Wednesday, April 23
Japan, SKorea look to future, NKorea in summitAFP -Monday, April 21
Japanese whalers return to portAFP -Wednesday, April 16