Japan toughens stance on Pakistan debt

JAPAN - Japan has said it is unlikely to ease Pakistan's debt burden any further unless the Islamabad government agrees to ban nuclear weapons tests.

The comments by a senior official indicated a tougher stance from Japan, which last week agreed to reschedule $550m of Pakistani debt to help shore up Islamabad's support for the US-led war on terrorism.

The Japanese government also lifted an investment and loan embargo it imposed on Pakistan and India when the two countries launched tit-for-tat

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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