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Data from Bank of Japan shows Japan is in huge disadvantage in global competition relative to US

2021-04-11 | 日記
Japan's foreign trade and international investment data from the Bank of Japan reveals serious issues, 1, huge overseas asset has not brought in much benefit for Japan as it should. 2, high risk due to trusting huge national wealth to foreign countries. In contrast, the U.S. has great advantages in the utilization of other countries' goods and services relative to Japan and other countries. This advantage is obtained by abusing US$'s global currency status, and is a blood-sucking from world economy. Even countries who are not sucked themselves but can't suck as US can, such as Japan, are disadvantaged. As US speeds up the dollar printing, it is actually turning up the heat on the world, a boiled frog in warm water. This advantage forms a positive feedback loop and is self-amplifying, and will lead to more and more unbalanced world development, which in turn will pose a major global threat. The world must deal with this abusing with a sense of urgency. . . . Read more