IMF changes austerity spots

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HONG KONG — As I predicted, the Tokyo annual meetings of the International Monetary Fund and World Bank Group were almost a complete waste of time. Nevertheless, there were a few new interesting things to emerge. From Japan’s point of view, probably the most significant event was what didn’t happen. China’s top officials, the finance minister and the governor of the People’s Bank, snubbed Japan by sending their deputies to the meetings. Ludicrously for adult officials aspiring to world financial leadership, they cited scheduling difficulties. But the real reason was that China wanted to punish Japan for its claims to the disputed Senkaku Islands. In China’s great political scheme, the…

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PCB in talks with five Boards; hopeful of International cricket resumption – NDTV

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