Japan freezes loans to China as tensions worsen

[oblivious]

Japan freezes loans to China as tensions worsen (updated 12:12 a.m.)
2006/3/24
By HANS GREIMEL, TOKYO, AP

The Japanese government said Thursday it was freezing aid loans to China amid worsening tensions between Tokyo and a neighbor that has emerged as one of Japan's biggest economic rivals.

...Ties between Japan and China have deteriorated sharply in the past year, with the two feuding over maritime gas deposits, interpretations of World War II history and other issues. China has riled Tokyo by drilling in contested gas fields under the East China Sea, while Prime Minister Junichiro Koizumi has outraged Beijing with visits to a Tokyo war shrine.

.... Japan gave 86 billion yen (US$735 million; euro609 million) in loans to China in the 2004 fiscal year, ended March 31. The loans were at interest rates between 0.75 percent and 1.5 percent, repayable over 30 to 40 years. In the past, the money has been used to build highways, seaports, railway lines, universities, sewage treatment plants, steel plants, fertilizer factories and power stations.
http://www.chinapost.com.tw/i_latestdetail.asp?id=36699

[Kolesar]

1. China needs loans? I thought China had 600 bazillion US dollars

from the trade imbalance.

I had heard that there were some people stirring up anti-Japanese hatred in China. The Chinese government has been--how shall we say--not been stopping them.

[HereSince1628]

4. Being developed doesn't mean you can break the habit

of taking handouts. Just look at that Nation on the eastern mediterranean often called the 51st state because it takes the largest share American aid for any country.

[Buck Rabbit]

5. China to Japan: "Can you lend me 600 million until payday?

Just until I can collect from this asshole who owes me $2,000,000,000,000.00 but keeps saying the checks in the mail.

I know she's got bucks 'cause she is spendin' billions a day on her vacation property on the Gulf. But she's dodgin' my calls or pretending to be the answering machine when I do catch her."

Japan to China: "She used to be my bitch."

[sarcasmo]

6. When will they send over the leg breakers from China to collect their debt

[Kolesar]

7. Very good!

I would say you nailed it

[lovuian]

2. Perhaps China knows whose running the world economically

Japan likes to be the hidden behind close door manipulator just like Dubai... China sees that the guy who has the biggest army wins...

He's learnt the lesson from Bush!!!

China needs oil and its going to get it...

[megatherium]

8. I remember reading Late Great Planet Earth, by Hal Lindsey.

He claimed that the book of Revelation said that a 200 million man Chinese army would invade the Middle East. Seemed outlandish at the time...

[MadMaddie]

3. Oh dear....looks like the * cabal international diplomacy...

wait...I am sorry the * cabal doesn't have international diplomacy leaders anymore...they only have Condi....

Oh...well...

[Art_from_Ark]

9. Here in Japan, 86 billion yen...

could be used to help Niigata earthquake victims get back on their feet,
or establish an education fund to help kids with their college expenses,
or pay for research for alternate energy,
or help ease workers' fears about the national pension system,
or help any number of other worthy causes

[LeftistGorilla]

10. It could also...

be paid out to the thousands of sex slaves used by the Japanese during World War 1...
or the survivors of Japanese massacres in China...

I could go on but you get the point...