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IMF turmoil is China's gain

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Wed, 18 May 11 5:03 PM | 99 view(s)
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Lisa Twaronite's This Week in Japan

May 18, 2011, 3:08 a.m. EDT

Will Strauss-Kahn help China surpass Japan?
Commentary: IMF turmoil could open door for Japan’s Asian rival

By Lisa Twaronite, MarketWatch

TOKYO (MarketWatch) — Dominique Strauss-Kahn’s last visit to Tokyo to meet with Japanese financial officials didn’t go as planned: His plane touched down in a drastically changed country.

“I arrived in Japan on a scheduled visit shortly after the earthquake happened, and I am profoundly saddened by the loss of life that has occurred,” the managing director of the International Monetary Fund said in a statement in Tokyo on March 11 — the day the quake and tsunami left 24,000 people dead or missing.

As the IMF and international financial community continue to assess the global impact of Japan’s disaster, Tokyo is now weighing the impact of Strauss-Kahn’s own surprising headlines this week — and whether both developments could end up helping China, Japan’s chief Asian rival.


Full article: http://www.marketwatch.com/story/will-strauss-kahn-help-china-surpass-japan-2011-05-18




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