Japan's $1 Trillion To The Rescue? -- A Commentary

From Christian Science Monitor:

Ahead of the G-20 summit on the financial crisis, many are eyeing Japan's huge foreign reserves. But Tokyo is reluctant to use them on struggling nations.

Tokyo - Can Japan, the world's second largest economy, save the global financial system?

Don't count on it.

As world leaders prepare to meet in Washington Saturday to seek a way out of the financial crisis, some are casting covetous eyes in the direction of Japan's $1 trillion worth of foreign reserves as a source of salvation for troubled nations and banks.

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