TOKYO: More than financial typhoons are rattling the Pacific. Emerging changes in the region’s balance-of-power may be of equal long term importance as today’s stock market tumult. Summit talks between Russia’s president and Japan’s prime minister in early November, for example, produced far richer outcomes than anyone expected. During long sauna discussions, Boris Yeltsin and Ryutaro Hashimoto agreed to conclude a peace treaty between Russia and Japan by the year 2000, something that has vexed both countries since WWII’s end.
TOKYO: More than financial typhoons are rattling the Pacific. Emerging changes in the region’s balance-of-power may be of equal long term importance as today’s stock market tumult. Summit talks between Russia’s president and Japan’s prime minister in early November, for example, produced far richer outcomes than anyone expected. During long sauna discussions, Boris Yeltsin and Ryutaro Hashimoto agreed to conclude a peace treaty between Russia and Japan by the year 2000, something that has vexed both countries since WWII’s end.