95
U.S. puts Japan back on currency manipulator watch list after 1 year
(english.kyodonews.net)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Jun 2024
95 points (100.0% liked)
World News
32075 readers
974 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 4 years ago
MODERATORS
Only if you hit all three points. Otherwise it’s a monitoring list. It’s just for keeping track of finances and better understanding economies of partners and why they’re larger traders to the US. It’s in the US’ best interest to understand a major trading partners economy and currency, and it helps us better prepare for future trade agreements.
Hypocrisy is always in the hypocrite's best interest. It's for keeping track of rivals. There are no real partners.
In no realm does the US consider Japan, Germany, or Singapore a rival. China is the only “rival” in there. The other countries don’t have the actual quantity of people or land size to be an economic rival. At best they could have a higher standard of living based on PPP or GDP per capita, but not anything that would overtake the US. You’re trying to turn a simple evaluation tool that every government should be using on its trading partners into some maniacal weapon of economic doom. There are lots of partners in this world. Just like everyone else if you act like everyone is an enemy then all you ever see is targets.
Do you really think the US doesn't view the world solely through the lens of rivalry? That's the underlying logic of capitalism: there are only winners and losers. Cooperation and partnership are temporary arrangements of convenience, they can always change and lists like this are one of the ways the US determines who's next.
That's why they use such an inflammatory term like "manipulator" - it's meant to intimidate.
It doesn't matter if any of them present a legitimate threat, all that matters is they're in the way.