Japan’s finance minister, Satsuki Katayama, is under pressure to strengthen the yen while balancing competing demands from the prime minister and Washington.
Japanese Prime Minister Sanae Takaichi.
Sanae Takaichi’s foreign policy might be too bold even for the Trump administration. The post Japanese PM’s China Hawkism Garners Diminishing Support appeared first on The American Conservative .
Foreign Affairs Japanese PM’s China Hawkism Garners Diminishing Support Sanae Takaichi’s foreign policy might be too bold even for the Trump administration. Photo by David Mareuil / POOL / AFP via Getty Images There is little doubt that Japan’s prime minister, Sanae Takaichi, wants her country to play a more active and assertive role in regional security affairs. She also favors adopting a more hardline posture toward the People’s Republic of China (PRC). A key question remains, however: whether international allies, Japan’s political elite, and a majority of the Japanese public are willing to follow that…Open
The U.S. and Japanese governments have acted together to try to prop up the value of the yen on global currency markets. The way they did it contains a clue about U.S. goals — and has some worrying implications for global markets. The big picture: Headline indicators have been steady across global financial markets this summer. Yet there are some signs of strains beneath the surface, particularly in the form of rising long-term borrowing costs at a time of elevated debt worldwide. - The U.S. participation in the yen intervention may have been an effort to enable the Japanese to smooth gyrations in their currency without creating more market pressure for Treasury bonds. - Japan has intervened in the market for the yen off and on for…
State of the Union: The U.S. and Japanese central banks jointly bought yen in an attempt to shore up Japan’s weakening currency. The post U.S. and Japan Intervene to Prop Up Yen appeared first on The American Conservative .
President Donald Trump said Sunday that the United States had joined Japan in buying yen to halt the currency’s persistent slide, marking the allies’ first coordinated monetary intervention since 2011. Trump called the purchase a “signal of friendship” that would benefit both the United States and the global economy. “We’re always there for Japan,” he told reporters aboard Air Force One, adding that Japan had also been good to the United States “with the exception, of course, of Pearl Harbor.” Japan’s Finance Ministry said it purchased yen Friday in coordination with the U.S. Treasury to counter “excessive volatility and disorderly movements.” Japan’s Finance Minister Satsuki Katayama and Treasury Secretary…Open
The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan's finance minister confirmed both sides had intervened in markets.
U.S. and Japanese officials confirmed on Sunday that the Treasury Department had moved last week to help the currency.
Prime Minister Sanae Takaichi is leveraging her ties to Mr. Abe, the slain Japanese leader, as she pushes to reshape defense and the economy.
American, Australian and Japanese F-35A Lighting II stealth fighters are training together over northern Australia as part of Pitch Black.
Facing threats from Russia and China, Prime Minister Sanae Takaichi is breaking with World War II-era limits on security.