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  • Australian Chief of Navy Vice Admiral Ray Grigg briefs the media, south of Perth. March 30, 2014. AFP/AFP/Getty Images

    Australia receptive to Japanese proposal to jointly build submarines, saving domestic jobs.Asia-Pacific,Australia,China,contract,East Asia,free trade agreement,geopolitics,Japan,Shinzo Abe,submarines,Michael Lerner

    Published Date : Jan 13, 2015, 12:26 PM EST
  • Customers check clothes at an apparel shop in Tokyo on November 17, 2014. Japan's economy sank into recession in the third quarter, making it almost inevitable that Prime Minister Shinzo Abe will delay a fresh sales tax hike and call snap elections to reinvigorate his power against party rivals.

    Gross domestic product fell at annualized 1.6% from July to September, compared to forecasts of a 2.1% rise.

    LAST UPDATE : Nov 17, 2014, 1:59 AM EST