Japan is still held tightly by the USA on a leash, unable to do anything about its economy, falling from the second biggest economy to fourth today, with its currency going bananas. That has not helped Japan in its exports realistically, otherwise why is Japan still in the doldrums after three decades of stagnation. The cheap Yen did not help Japan to fend off the competition from South Korea and now China and resulted in Japan losing out its consumer electronics market earlier to South Korea. The shipbuilding sector followed and now Japan's vehicle market if facing stiff competition.
Maybe Japan is looking for another war to rise again. But this time it will not be the same, as China is no pushover today. So, who does Japan want to conquer next? Take over Taiwan? China will never allow that to happen. Japan has problems with Russia too as old debts have never been forgotten.
Anonymous
When the shit hits the fan, Japan will attack the USA, not militarily, but economically by withdrawing its support for investments and diversifying its treasury holdings. Japan has to save itself first if the Yen collapses and its economy stagnated further. Nothing is more troubling than Japan going down the GDP ladder. It is an insult to the Japanese if it becomes the land of the setting sun, lol.
ReplyDeleteStagnating means others will bypass as they grow. Nothing strange about that.
DeleteJapan is the hardest hit country by Trump's attack on Iran and the closing of the Hormuz.
ReplyDeleteRussia's Sergei Lavrov has assured the Chinese that Russia will sell even more energy to China should the Middle East blockage continue. That is assurance and that is what being a friend of Russia means. Nothing like what Henry Kissinger said about being friends of the USA, which is a liability.
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