China Warns Japan On Spreading Rumours

China does not feel threatened by countries in Southeast Asia and is optimistic about the situation in the disputed South China Sea, the Foreign Ministry said, warning Japan not to “spread rumors” it plans a new air defense identification zone.

China alarmed Japan, South Korea and the United States last year when it announced an air defense identification zone for the East China Sea, covering a group of uninhabited islands at the center of a bitter ownership spat between China and Japan.
Last week, Japanese newspaper the Asahi Shimbun said China was considering setting up a similar zone – where foreign aircraft are supposed to report their movements to China – in the South China Sea, prompting the U.S. State Department to warn against such a move.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza