Game of Thrones: Japan, Old Friend And New Partner
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  • Kevin

    If China were more clever it would exploit Japanese-(South) Korean tensions to completely rearrange the security architecture of NE Asia. Instead China sticks with crazy North Korea, and terrifies any potential partner while driving both S Korea and Japan into the US embrace.

  • Mark Michael

    Maybe China’s nationalistic aggressiveness will be the catalyst to finally “persuade” S. Korea and Japan to bury the hatchet towards each other, and form a common front vis-a-vie China and N. Korea with the US.

    The free trade agreement we signed with S. Korea was a bigger deal for the very nationalistic S. Koreans than for the US. Hopefully, S. Korea will begin importing more US goods and services.

    Unless those East Asian countries let the US export more goods and services into their countries, the global economic system cannot continue on its current path.

    The US is still adding $500B to our net national debt, public and private each year. It’s being held mostly by these East Asian countries, thanks to their mercantilist trade strategies. IMO this can’t continue indefinitely! Something has to give! That would be Japan, S. Korea, Taiwan, Thailand, Malaysia, and (of course) China.

    Right now, foreign central banks watch the Fed print lots of money and the federal government run a $1 trillion budget deficit, and think, “We don’t have any choice. We’ve got to devalue our fiat currency also, or our exports will suffer.” And they do. This can’t come to a good end.

  • Fugu

    A bit of nitpicking: the PM’s name is Yoshihiko, not Yoshita, and it’s a Marine Corps air station, not an Air Force base.

    Admittedly, with a new Japanese leader every year, it is hard to keep track.

    Otherwise, thanks for all your hard work on the blog!

  • Kris

    [email protected]: Only Bo Xilai could go to South Korea. 🙂

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