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China and Japan: Former Foes, Building Alliance
Wait…how is it that Japan retains the third strongest national economy on earth, yet is still more or less stuck in the same deflationary tepid growth and runaway debt which it sank into starting from the tactical implementation of the Plaza and Louvre Accords back in 1985 and 1987, respectively? How is Japan’s historical foe and seeming economic rival China learning from those 30+ year-old agreements what NOT to do in its searing trade war with the US, which is getting more acrimonious by the month?
Truth be told, and despite mainstream corporate media compulsively painting the two nations as eternal enemies, Japan is helping China learn from the Plaza Accord experience while simultaneously drawing strategically closer to its Asian neighbor economically and geostrategically. All with caution, of course, considering that their shared history is complex, often brutal, and they still retain many points of contention, yet Beijing and Tokyo nonetheless know that cooperating economically – especially in light of an increasingly belligerent, unpredictable and hyper-indebted US under the Trump administration – will garner longstanding regional and global benefits.
In this 34th episode of Money & Fear, and as always, in the program’s cited Show Notes listed under the videos on our website, a current and historical look at how these 2nd and 3rd most powerful economies on earth are exploring collaboration, and how it could result in a new growth paradigm incubated against outside monetary attacks, trade and tariff wars. All as another global debt crisis threatens to unravel at any moment….
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Show Notes
Donald Trump okays $60 billion answer to China’s OBOR
Can China Lift Japan Out of Recession?
Be Prepared: There Will Be a U.S. Dollar Crisis
Rising national debt may be the next economic crisis
Japan Unleashed: Tokyo's New Military Ambitions
Japan Unleashed: The Good, the Bad and the Ugly
History of China–Japan relations
Trade war ‘pushes rivals China and Japan closer’ – on imports, talks and overseas infrastructure
Japan's Abe will meet China's Xi — under the shadow of Trump
China, Japan Push for Free Trade as Both Grapple With Trump Demands
The Relationship Between Japanese And Chinese Economies
China redoubles efforts to boost domestic demand as trade war bites
China Thinks It's An Emerging Market. It Doesn't Look Like One.
China edges out US as Japan's top export market
Japan's Relationship With China Evokes Cold War Memories
China-Japan sign three-year FX swap deal to strengthen financial stability, business activity
China positive to setting up yuan clearing bank in Japan - Premier Li
RMB Clearing Bank in Russia Officially Launched
China sets yuan-clearing bank in Seoul
Internationalization of the renminbi
Japan’s Abe maintains close ties to US while warming to China
Now Even Japan Is Pushing Back Against Trump’s Tariffs
Japan dodges U.S. auto tariffs, for now, as Trump and Abe agree on trade talks
Trump’s scrapping of TPP complicates Japan’s trade, growth options
Joint development in the South China Sea
Rising Sino-Japanese competition in Africa
In strategy shift, Japan might ask China to join road-building project in West Africa
The China-Japan Infrastructure Nexus: Competition or Collaboration?
Xi and Abe to launch new dialogue on intellectual property
New tariffs take effect as China accuses US of 'economic hegemony'
Donald Trump warns China he won't back down on trade tariffs
Trade war: China will not help US with currency devaluation to reduce deficit
LOUVRE ACCORD TERMED MAJOR FACTOR IN CRASH
Japan is facing a 'death by overwork' problem — here's how companies are combatting it
Dollar Yen Exchange Rate (USD JPY) - Historical Chart
Did the Plaza Accord ‘conspiracy’ doom Japan, and is China next?
Why China and the World Needs a New Plaza Accord
What Is America Doing To China? The Same Things It Did To Japan
No repeat of Japan's mistake: official
China not to accept another Plaza Accord, says ambassador
IMF to China: Plaza Accord Didn’t Sink Japan
Chinese Media Warns of Japan's Plaza Accord Lessons
OP-ED - China won’t repeat Japan’s Plaza Accord mistake
US currency review manipulation free
China's Japanese Lesson For Fighting Trump's Trade War
Japan General Government Gross Debt to GDP
Carry trade derivatives turn toxic for Japan markets
The $247 trillion global debt bomb
Dollar Poised To Soar As China Refuses New Plaza Accord
Papers
TREATY OF PEACE AND FRIENDSHIP BETWEEN JAPAN AND THE PEOPLE'S
REPUBLIC OF CHINA
The Plaza Accord, 30 Years Later
Plazza Acord and the “Explosion” of the Japanese FDI [sic]
Videos
Plaza Accord: History lessons recall earlier trade war
Abe-Xi Meeting Will Produce Significant Results, Says Center for American Progress
China and Japan have mutual concerns about Trump's policies: Prof | Street Signs Asia
Korea-Japan-China Trilateral Summit
China & Japan: History of tensions - BBC News
Gold To Reassert Itself As Money | Alasdair MacLeod
Why the new China-Japan currency swap deal matters | Street Signs Asia
Books
Managing the Dollar: From the Plaza to the Louvre by Funabashi Yoichi
Managing the Dollar: The Plaza Accord and the Fate of the Yuan [Mandarin] – Ibid.
*For additional footnotes and links refer to the Newsbud article link above
