Many Americans think the politics of East Asia is dominated by China on one side and U.S.-Japan on the other. While that may be true on the surface, the dynamics are actually very complicated, and in fact makes that dichotomy false. The pillar of the Japan-U.S. alliance was born out of the Cold War in fear of the former Soviet Union, which no longer exists today in case you … [Read more...] about China, Japan, and U.S., a case of “paper, rock, and scissors”
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Professor Jiang Ruiping:”Revaluation of Japanese Yen, a historical lesson to draw: analysis”
Under U.S. pressure, the Japanese government revalued the Japanese Yen 200% from end of 1985 through early 1988 to address the trade deficit U.S. had with Japan. Did it make any difference for the U.S.? What happened to the Japanese economy as a result of that revaluation? Professor Jiang Ruiping, Chairman of the Department of International Economics, at the Beijing-based … [Read more...] about Professor Jiang Ruiping:”Revaluation of Japanese Yen, a historical lesson to draw: analysis”
First U.S.-China Strategic and Economic Dialogue of the Obama Administration Underway
Today marked the beginning of the first U.S.-China Strategic and Economic Dialogue under Obama Administration. The meetings are considered to be important even though they may not yield immediate results. … [Read more...] about First U.S.-China Strategic and Economic Dialogue of the Obama Administration Underway