A link from Wall Street Journal
China and Japan’s territorial dispute over a set of unoccupied islands in the East China Sea doesn’t appear to be ending. Several major Chinese banks, including the Agricultural Bank of China (ABC), one of the country’s “big four banks,” said they would skip meetings held by the World Bank and the IMF in Tokyo next week. An official at ABC said the pull out was likely because of the islands dispute. The rivalry could cast a pall over the global forum expected to focus on economic growth and structural reform in Asia. It is the largest single gathering of finance and economic officials as well as bankers.