China-Japan: Update. The Japanese coast guard reported that three Chinese civilian fisheries patrol ships patrolled near the disputed Senkaku Islands for a second day in a row. Yesterday, four ships patrolled near the island.
As a result of the tension with Japan over conflicting sovereignty claims, Chinese banks have declined to attend International Monetary Fund and World Bank meetings in Tokyo.
Comment: Neither country is backing off its claims but neither has escalated to shooting … yet.
Iran: Riot police clashed with a small...