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By Min-Hua Chiang - 28 Sep 2018
The recent US trade retaliation against China is similar to that against Japan in the 1970s and 1980s. Japan’s economy was badly hit after the large appreciation of the Japanese yen as part of the measures to resolve the bilateral trade imbalance
By Min-Hua Chiang - 17 Sep 2018
Chinese tourists to Japan are on the rise. In 2017, 26 percent of Japan’s total visitor arrivals came from China. A weak Japanese yen, rise of budget airlines, China’s easing of outbound tourism, Japan’s visa deregulation and a growing Chinese middle class are the reasons.
Japan’s investment in China and bilateral trade have suffered setbacks in recent years. Unlike the slowing down of economic relations, the new geopolitical situation has encouraged the leaders from the two countries to seek more intimate diplomatic ties.
Taiwan’s newly elected president Tsai Ing-Wen plans to set up a quasi-sovereign wealth fund to kick-start innovation-driven industrial development. She wishes to bring Taiwan into the US-led Trans-Pacific Partnership and enhance economic cooperation with several countries beyond China.