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58251. Pipeline Gas In Northeast Asia

Author:
Keun-Wook Paik and Jae-Yong Choi
Publication Date:
01-1998
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
The lack of indigenous oil and gas resources in Northeast Asia is a real obstacle to the region's economic development, and the region has paid the price. The importance of the introduction of pipeline gas into Northeast Asia lies not only in diversifying supply sources but also in providing price leverage for the region's consumers. Despite many implementation problems, the Sino-Russian agreement on East Siberian gas and pipeline development laid a firm basis for the introduction of pipeline gas into the region, and this could fundamentally affect the region's energy supply balance in the coming decades. The introduction of pipeline gas will open a new era of multilateral cooperation in the region. It is now no longer a matter of whether but when and how this gas will be introduced. Northeast Asia — comprising China, Russian Asia (Siberia and the Far East), Korea and Japan — forms the world's biggest market for liquefied natural gas (LNG). Out of world trade totalling just over 100 bcm in 1996, 63.8 bcm was imported by Japan and 13 bcm by Korea, together representing 75% of the world total. Given that China is set to import both LNG and pipeline gas in the next decade, there will be further rapid growth in the region's demand for gas. Many questions about the scale of expansion, the introduction of pipeline gas as a part of the expansion, the role of natural gas in power generation, and the establishment of multilateral cooperation for the pipeline development remain unresolved. Nevertheless, recent announcements by CNPC (China National Petroleum Corporation) of two contracts signed with the Kazakstan government for the development of oilfields for transport via pipeline to western China are a strong signal that the Northeast Asian region is set to witness the introduction of long-distance pipeline oil. In the longer term, these developments may be eclipsed by the development of pipeline gas. This paper briefly reviews the potential gas and oil supply sources to the Northeast Asian region and recent developments, together with the problems that need to be tackled for early implementation of pipeline gas. After presenting the results of a unique survey on the views of both Japanese and Korean companies on the Northeast Asian natural gas market and the development of long-distance pipelines, the paper discusses the implications of such developments.
Topic:
Development and Energy Policy
Political Geography:
Japan, China, East Asia, and Northeast Asia

58252. Composite Indexes of Leading, Coincident, and Lagging Indicators: December 1998

Publication Date:
12-1998
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.3 percent, the coincident index increased 0.3 percent, and the lagging index decreased 0.2 percent in December. Taken together, the three composite indexes and their components show a healthy economy: The leading indicators point to a continuation of the expansion, which has become the second longest on record. The coincident indicators show aggregate activity rising at a more moderate pace than GDP's rise of 5.6 percent (annualized) in the 4th quarter of 1998. There is no evidence of cyclical imbalances that would jeopardize the economy's stability.
Topic:
Economics
Political Geography:
United States

58253. Composite Indexes of Leading, Coincident, and Lagging Indicators: November 1998

Publication Date:
11-1998
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.6 percent, the coincident index increased 0.2 percent, and the lagging index decreased 0.1 percent in November. Taken together, the three composite indexes and their components show a healthy economy with bright prospects in 1999. The coincident indicators point to GDP rising between 2.5 and 3 percent (annualized) in the 4th quarter of 1998. The leading indicators point to a continuation of the expansion through at least early 1999. The economy shows no evidence of cyclical imbalance.
Topic:
Economics
Political Geography:
United States

58254. Composite Indexes of Leading, Coincident, and Lagging Indicators: October 1998

Publication Date:
10-1998
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index increased 0.1 percent, the coincident index increased 0.1 percent, and the lagging index decreased 0.1 percent in October. Taken together, the three composite indexes and their components show a healthy economy. The coincident indicators show the 4th quarter of 1998 starting with a relatively slow pace of growth (compared to the coincident index's rise of rise 3.0 percent and GDP's rise of 3.7 percent, annualized, during the first 3 quarters of 1998. The leading indicators show no serious impediments to moderate, or even strong, economic growth in 1999. There is almost no evidence of cyclical imbalances that would jeopardize the economy's stability.
Topic:
Economics
Political Geography:
United States

58255. Composite Indexes of Leading, Coincident, and Lagging Indicators: September 1998

Publication Date:
09-1998
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
Both the leading and coincident indexes held steady, while the lagging index fell 0.1 percent in September. Taken together, the three composite indexes and their components show a slowing, but still healthy economy. The coincident indicators suggest the expansion advanced in the 2 to 2.5 percent range in the 3rd quarter of 1998, compared with constant- dollar GDP showing a 3.3 percent increase (annualized). It is premature to predict a recession based on the leading indicators. The lagging indicators have moderated, giving less reason to worry that cyclical imbalances will soon jeopardize the economy's stability.lances could jeopardize the economy's stability.
Topic:
Economics and Political Economy
Political Geography:
United States

58256. Composite Indexes of Leading, Coincident, and Lagging Indicators: August 1998

Publication Date:
08-1998
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index held steady, the coincident index increased 0.6 percent, and the lagging index increased 0.4 percent in August. Taken together, the three composite indexes and their components show a healthy economy. The coincident indicators point to GDP rising at a 2.5 to 3.0 percent pace (annualized) in the 3rd quarter of 1998. The leading indicators point to a continuation of the expansion through at least early 1999. The lagging indicators suggest a need to be concerned that cyclical imbalances could jeopardize the economy's stability in 1999.
Topic:
Economics
Political Geography:
United States

58257. Composite Indexes of Leading, Coincident, and Lagging Indicators: June 1998

Publication Date:
08-1998
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The leading index decreased 0.2 percent, the coincident index increased 0.1 percent, and the lagging index increased 0.6 percent in June. Taken together, the three composite indexes and their components show a moderating economy: The coincident indicators point to economic activity rising at faster pace than the latest GDP figures, but slower than the 4th quarter of 1997 and the 1st quarter of 1998. (The coincident index rose 3.1 percent while GDP rose 1.4 percent, annualized, in the 2nd quarter of 1998). A two-month decline in the leading indicators signals slower growth ahead and only a slight risk of a contraction. The lagging indicators show slight evidence of cyclical imbalances that could jeopardize the economyÕs stability.
Topic:
Economics
Political Geography:
United States

58258. The Yen, the Yuan, and the Asian Currency Crisis Changing Fortune between Japan and China

Author:
C.H. Kwan
Publication Date:
12-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
The currency crisis that started in Thailand in the summer of 1997 was followed by repercussions on the currencies of neighboring countries, culminating in a crisis infecting most countries in East Asia. Japan and China, which have developed strong ties with the rest of Asia through trade and investment, have not been exempted from this contagion. This paper looks at the latest currency crisis in Asia from the perspectives of these two regional giants.
Topic:
Economics and International Trade and Finance
Political Geography:
Japan, China, Israel, East Asia, Asia, and Thailand

58259. Variation of Clinical Judgment in Cases of Hysterectomy in R.O.C, Japan, England, and the United States

Author:
Yumiko Nishimura, Naohiro Mitsutake, Michael McCullough, Barry Uphoff, Annie Woo, and Chang-Yao Hsieh
Publication Date:
10-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
Hysterectomy is the most common non-pregnancy-related major surgery performed on women in the United States. Close to 600,000 women in the United States undergo the procedure each year, with annual costs exceeding $5 billion. By age 60, more than one- third of women in the United States have had a hysterectomy.
Topic:
Science and Technology
Political Geography:
United States, Japan, United Kingdom, Europe, Israel, East Asia, and England

58260. Japan's China Perceptions and its Policies in the Alliance with the United States

Author:
Hideo Sato
Publication Date:
09-1998
Content Type:
Working Paper
Institution:
Walter H. Shorenstein Asia-Pacific Research Center
Abstract:
The People's Republic of China is now a major economic and military actor in the international relations of the Asia Pacific region, and thus we cannot afford to ignore China in reviewing the U.S.-Japan alliance. The Chinese economy has been growing rapidly over the past decade and a half, at an annual rate of about 10 percent, and it is expected to sustain a similar pattern of growth for the foreseeable future. Beijing's defense spending has also been increasing every year at a double-digit level for some time. Consequently, China's domestic and foreign policies will from now on significantly influence the course of international relations in this region, and perhaps elsewhere as well.
Topic:
Security
Political Geography:
United States, China, Beijing, and Asia