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/ 13 January 2009
A senior lawmaker defected from Japan’s ruling party on Tuesday, denouncing beleaguered Prime Minister Taro Aso as an ”old-guard crony”
United States President George Bush will outline reforms on Friday to help struggling subprime mortgage borrowers and his central bank chief will deliver a speech which will be pored over for hints of a looming rate cut. Federal Reserve chairperson Ben Bernanke speaks on ”Housing and Monetary Policy” at around 2pm GMT.