The United States is urging new leaders in China and Japan to find a peaceful way to settle their long-standing territorial dispute over islands in the East China Sea. U.S. Secretary of State Hillary Clinton met Friday with Japanese Foreign Minister Fumio Kishida to discuss the standoff. 

The election of Japanese Prime Minister Shinzo Abe has added to growing tensions over the contested islands with his plans to increase overall Japanese defense spending.

Kishida said the Abe … [Read More]

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Source: VOA News: Economy and Finance