South Korea may soon be richer than Japan
FOR years, Japan was Asia’s richest and most powerful economy. It was the first Asian economy to industrialise, and the emerging Asian tigers—Hong Kong, Singapore, South Korea, Taiwan and later China—merely followed in its tracks. Now, however, Japan is steadily being overtaken. China’s economy is now bigger than Japan’s, but less noticed is the fact that Asia’s so-called newly industrialised economies are becoming richer than Japan.
The Asian Development Bank said the region's emerging economies would pick up this year. ||| Hong Kong - The Asian Development Bank said Tuesday the region's emerging economies would pick up this year but warned that the recovery re... Read Post
US markets rose to their highest levels of the year yesterday, and stock markets in Hong Kong, Australia, Taiwan, and South Korea all did the same. WSJ: Japan's Nikkei 225 Average rose 0.5% to 10270.77, Hong Kong's Hang Seng Index j... Read Post