In my earlier post, I stated that Japan's current-account surplus can vanish in one of two ways: either Japan can consume more (which it won't because of debt and demographics), or it can (over)produce less. That is true. But when the adjustment happens is not set in stone.A casual observer might think that Nakagawa Shoichi's …
Tag: trade war
Is the Bush administration thinking about the China relationship?
With the Bush administration's recent move to press a suit against Chinese violations of intellectual property in the WTO sparking fears of a full-blown Sino-American trade war, I must ask the same questionI asked when the US Commerce Department announced tariffs on Chinese glossy paper: is this administration pursuing a coherent strategy in Asia, or …
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Tobias S. Harris 