Key issues, assertions and questions:
- Bretton Woods II
- 'Zaigai seika' - specie kept outside (the country)
- Proceeds of export earnings kept in another country's banking system
- External finance for a hegemon's military activities
- Does Japan habitually subordinate itself to 'the global interests of the superpower of the day, in return for a degree of protection and indulgence'?
- Would Japan's abandonment of US dollar support and bureaucratic interference in the market amount to 'political suicide'?
- Japan maintains only a superficial adherence to 'anglo-saxon capitalism' and the 'neoliberal' creed. See, for example, the limited 'reform' of its postal savings scheme and the prosecution (persecution?) of Horie Takafumi.
- 'China's hunger for Japanese capital goods'
- Do the political elite of Tokyo prefer American protection (with all the associated problems and benefits) to the prospect of becoming a tributary state of China?
- '[N]o real sign exists that Tokyo has built the kind of institutional infrastructure capable of charting a wise new course for the country should Japan slip out of the American embrace.'
- Does Japan have the 'political maturity' required to cope with the problems that would occur following a possible US dollar collapse?
- Would a 'dollar crisis' be followed by a shift away from export-dependent growth among the East Asian countries?
No comments:
Post a Comment