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Toshiya Tsugami

Toshiya Tsugami heads a consulting company concentrating on the Chinese economy. He previously served as a counselor at the Japanese Embassy in China and as director of the Northeast Asia Division of the Ministry of Economy, Trade and Industry’s Trade Policy Bureau.

China has been asking the IMF to employ the renminbi as the fifth currency that makes up the currency basket of its Special Drawing Rights (SDR). As a reply to the request, the IMF tabled the request in a report last July, and the PBOC’s decision was literally to follow the fund’s suggestion to let the renminbi exchange rate flow more freely.

Toshiya Tsugami
A 'shadow central bank': Renminbi devaluation poses a global risk
The People’s Bank of China (PBOC, the central bank of China) announced on Aug. 11 that it had reformed the renminbi exchange rate mechanism. Over the next three days, the central bank would devalue the renminbi.
Okinawa's hypocrisy on relocation of U.S. base masks environmental damage across prefecture
Jusen Asuka
Global warming a major factor behind refugee problem
Global warming is deeply related to Syria’s refugee crisis. From 2006 to 2010, Syria experienced what are believed to be the driest conditions in the country’s history. According to recent studies, global warming has altered wind currents, leading to reduced rainfall and depriving the soil of moisture. Coupled with the massive amount of water required for cotton cultivation, an industry promoted by the Bashar al-Assad regime, agricultural production has plummeted, grain prices have soared and more children have suffered from diseases attributed to malnutrition.
Yukio Mishima’s epic battle against time

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