2 of China's senior finance officials skip IMF meeting in Tokyo

slave ownerOct. 10, 2012 - 11:34AM JST

no worries! the emergency guest speakers from the bank of Burma and Malaysia will do just fine!

Thanks for the morning giggle. Good one.

These 2 senior guys skip IMF meeting because there's nothing really urgent for the time being! After QE3, all economic problems were hidden for a period of time, maybe 3-6 months, so all the world temporarily forget Spain/ Greece... and US real estate looks fine now... etc. however these problem would come back sometime nextyear, who care? all major elections already finish by then!

If you ask China, for example, “Are you a responsible stakeholder?” then you have to ask whether the U.S. or Europe is behaving likewise. You have to ask how U.S. allowed, in the case of the global financial crisis, the perpetuation of fraudulent contracts, peddled them to the rest of the world, used leverage, destabilized currencies, almost brought down banks and ended up with major export in debt? Was that a position for a responsible stakeholder? In the end, the U.S. and Europe only has itself to blame for this shift of balance. If U.S. economy is relying on Chinese demand to stimulate it and relying on Chinese purchases of American debt to keep it going, then U.S. put themselves in a position where you don’t have the same degree of bargaining power.

.....If we ask China, for example, “Are you a responsible stakeholder?” then you have to ask whether the U.S. is behaving likewise, Clark said. “You have to ask how is it we allowed [in the case of the global financial crisis] the perpetuation of fraudulent contracts, peddled them to the rest of the world, used leverage, destabilized currencies, almost brought down banks and ended up with our major export in debt? … Was that a position for a responsible stakeholder?”......

.....In the end, the U.S. only has itself to blame for this shift of balance, Clark said. “If our economy is relying on Chinese demand to stimulate it and relying on Chinese purchases of American debt to keep it going, then we’ve put ourselves in a position where we don’t have the same degree of bargaining power” that a comparison of economic standards and military might suggests.......

http://www.international.ucla.edu/asia/news/article.asp?parentid=115457

As usual, sfjp330 with his/her copy/paste job and a little "editing" from another source.

And Japan has lost her last chance to find a saviour to save her huge national debts from present unredeemable situation!

slave ownerOct. 10, 2012 - 11:34AM JST

[no worries! the emergency guest speakers from the bank of Burma and Malaysia will do just fine!]

Too innocent for the comment.

Not a worthwhile news. Move on.

hey Altruist777! Our logos contrast nicely...

Why did Japan try and nationalize the island ? Was it necessary and didn't they think about the consequences especially since its next to taiwan.

Don't let the door hit you on the... Oh, that's right. You guys never showed up. You whiners are still sitting at the kids' table at home.

All the gifts China has been given to turn a page towards civility have failed. Beijing 2008 was supposed to be a coming out party but ended up only reinforcing their ways. China will not change, and the more Japan realizes this the more it likely that it will invest in countries that are already fledgling democracies in Asia. China is not worthy of such international attention.

If the Chinese are having such a snit that they have to insult the rest of the world then they have really reached the point where somebody ought to slap them across the face and tell them to grow up

So WHY don't countries have a choice whether to attend such events? Why should China be coerced into a meeting they do not wish to participate in? What is the big deal? So if there are some abundant generous "goodies" that the wealthier nations are meting out at such meetings, let China miss out on them...and Japan should be grateful to be at the receiving end instead.

Did we invite China? Umm....sorry sir but you are not on the invitation list...lol

Good, China have no money to bail out these rich EU countries anyway. Maybe Japan can help them.

OssanAmerica Oct. 10, 2012 - 11:44PM JST The question is why is China slighting the IMF and showing the entire world what kind of childish country it is really is? What does China have to gain by doing this?

If you ask China, for example, “Are you a responsible stakeholder?” then you have to ask whether the U.S. or Europe is behaving likewise. You have to ask how U.S. allowed, in the case of the global financial crisis, the perpetuation of fraudulent contracts, peddled them to the rest of the world, used leverage, destabilized currencies, almost brought down banks and ended up with major export in debt? Was that a position for a responsible stakeholder? In the end, the U.S. and Europe only has itself to blame for this shift of balance. If U.S. economy is relying on Chinese demand to stimulate it and relying on Chinese purchases of American debt to keep it going, then U.S. put themselves in a position where you don’t have the same degree of bargaining power.

2 of China's senior finance officials skip IMF meeting in Tokyo

Actually it's China's 2 senior finance officials who are doing the skipping. And they are slighting the whole IMF/World Bank, in other words the entire world, not just Japan. I hope they think it's worth the street cred they can get at home.

Did we invite China? Umm....sorry sir but you are not on the invitation list...lol

Booo ...hooo . . . ..whaaaaa . . .and they weren't even missed ! ! ! !

The IMF is the International MF, not the Japanese MF. If the Chinese are having such a snit that they have to insult the rest of the world then they have really reached the point where somebody ought to slap them across the face and tell them to grow up and behave like a member of the international community rather than a spoiled brat. This whole thing is probably making all the neighbors think about a visit to their friendly arms dealers to stock up. China has started to destabilize the whole region.

And actually ... those two senior finance officials will be missing a nice time in jolly ol' Japan. Let 'em suffer back there in the land of Mao ...

I think these are called "spies".

avengerOct. 10, 2012 - 11:10PM JST Why did Japan try and nationalize the island ? Was it necessary and didn't they think about the consequences >especially since its next to taiwan.

They did so to keep Ishihara from developing the islands and aggravatingheh situation. But that China used it to escalate the issuer rather than diffuise it is proof that China inteded to escalate this issue regardless of Japan's actions. The question is why is China slighting the IMF and showing the entire world what kind of childish country it is really is? What does China have to gain by doing this? They've already destroyed 40 years of good relations with Japan. Does China think that the rest of the world is going to "side with China" on ths issue? Hope not because that isn't going to happen.

i would have expected nothing less from china. they are that kind of people.... good riddance...

Japan should refuse to meet with them and ignore them during meetings. Lets return the insult with one from Japan. Perhaps they should be refused entry into Japan.