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Chinese Checkers.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)

Publication: Investor's Business Daily

Publication Date: 28-FEB-05
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COPYRIGHT 2005 Investor's Business Daily, Inc.

Geopolitics: As the European Union threatens to end its arms embargo against China, Beijing's growing economic power and military buildup are causing concern among leaders in Washington and Tokyo.

In a major change to the U.S.-Japan Security Alliance, the two countries announced on Feb. 19 that Japan was joining the U.S. in identifying security in the Taiwan Strait as a "common strategic objective." It's as if Switzerland announced it was abandoning its neutrality and asking to join...

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