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Posts Tagged ‘u.s.’

China, Japan, and U.S., a case of “paper, rock, and scissors”

September 28th, 2010 4 comments

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 haven’t noticed. In contrast, the threat today is a loose combination of whatever is posed by North Korea, China, and Russia. For the on-going of American occupation of Japan, I think it is a much harder sell today.

We see cracks in the pillar recently – former Prime Minister Yukio Hatoyama made the policy pronouncement when taking office to focus on this idea of an East Asian Community. He won partly on the issue of wanting the U.S. to relocate the military base in Okinawa. Japan is now occupied for over 60 years. This situation is unprecedented in history. How long should the U.S. be occupying Japan? Another 10, 100, or 1000 years? Japan is already paying for the U.S. military presence, so it is only a matter of time before the Japanese wanting to spend that money too on her own military.
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Professor Jiang Ruiping:”Revaluation of Japanese Yen, a historical lesson to draw: analysis”

March 21st, 2010 No comments

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 Foreign Affairs College had an article in the People’s Daily in September 25, 2003, titled, “Revaluation of Japanese Yen, a historical lesson to draw: analysis.”  He addressed those questions for us back in 2003.  Below is the translation by People’s Daily Online staff member Li Heng:

(For a view of the whole Yuan and Dollar exchange rate issue, have a read at one of our featured posts, “Opinion:Making Sense of the Dollar and Yuan“.) Read more…

First U.S.-China Strategic and Economic Dialogue of the Obama Administration Underway

July 28th, 2009 19 comments

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…