What if China Devalues?
The rhetoric from Congress would be blood-curdling. There might even be a repeat of the quotas and sanctions imposed on Japan in the 1980s.

The rhetoric from Congress would be blood-curdling. There might even be a repeat of the quotas and sanctions imposed on Japan in the 1980s.
In the battle for the Economics Premier League, Monetarist United has pulled well ahead of big-spending Keynes City and the hard men of Vienna F.C.
His approval rating of 60% makes him the most popular leader in the G8, leaving aside Vladimir Putin.
Since Japan’s problem is almost the mirror image of the turmoil buffeting emerging markets, there would be little downside in putting the pedal to the metal.
The third arrow struck a chord because it told people what they wanted to hear – that government can push a button and remake reality.
Hey presto! – the land of the pyramids morphs into a mid-century powerhouse.
This is as difficult as getting pandas to mate. The mood has to be exactly right. Even if all goes well, it’s going to take a long, long time.
The Japanese establishment is betting the farm on Abenomics. There is no Plan B. The man charged with ensuring the bet works is governor of the Bank of Japan Haruhiko Kuroda
Are choices of whether to have children or to take your own life moulded by “ki” too? If so, the conditions were ripe for change.
“It’s essential to raise taxes,” he says, cradling a well-aged Islay malt.