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Japan govt members consider printing new money

While most of the world’s economies come to terms with the massive crash of the international finance system, Japan instead finds itself in a familiar situation. The world’s second-largest economy had just pulled itself out of fifteen years of stagnant growth when the global financial crisis hit, and its central bank had tried almost everything just to achieve that aim.

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India outsourcing to survive Satyam fall

At the start of this year, India was rocked by revelations that the huge software and outsourcing group Satyam had overestimated its profits to the tune of around $US1 billion. Before his arrest, chairman and IT poster-boy Ramalinga Raju said he had been “riding a tiger, not knowing how to get off without being eaten”.

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SKorean carmaker demise felt around world

In every industrialised nation across the world, a country’s automotive industry continues to be a massive driver of the economy, employment, technological advancement and even self esteem. Some nations have perfected design and development, some have perfected manufacturing, and all share their relative strengths with each other to make great cars. So as South Korea’s fifth-largest carmaker Ssangyong went into receivership, which was owned by China’s largest, and supplied by Australia’s smallest component manufacturers, a classic example of the flow on effect followed.

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Asia Pacific Review January 16 2009

Human rights group Amnesty calls on Thailand’s security forces to halt the use of torture in the country’s south; the Sri Lankan military takes control of the Jaffna peninsula from the Tamil Tigers; and India’s Slumdog Millionaire wins four Golden Globes, becoming a contender for the Academy Awards.

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Huge cash injection for China state media

Large Western media organisations could do nothing but shake their heads this week as reports came out of China that $US7 billion dollars was to flow into state media. While newspapers, television, radio, and even internet properties in the Western world were being gutted by their parent organisations, China spoke of expanding its reach in an aggressive global drive to improve “brand China”.

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Claims lese majeste overused in Thailand

While there are many stated differences between Thailand’s competing political parties, their one constant – as with all Thais – is a reverence for the Thai royal family. But with new charges facing academics, and censorship being suggested for community radio stations and internet conversations on the king and monarchy, the reasons behind legally imposing this reverence are being questioned.

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Asia Pacific Review January 9 2009

Fighting between Israel and the Palestinian territories force Indonesians and Thais onto the streets; Pakistan admits for the first time that the surviving gunman from the Mumbai attacks is a Pakistani citizen; and the US president signs-off on the creation of new marine reserves in the Pacific.

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