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Opinion | As US dollar dominance persists, what if the centre cannot hold?

Where will this vicious circle end? Maybe in currency crises if major US trading partners such as Japan continue to spend their official reserves on trying to restrain their currencies from falling so far against the dollar as to threaten the danger of imported inflation. Japan has spent a record near ¥10 trillion (US$64.15 billion) […]

Opinion | US trade policy towards China is dangerously incoherent

From this perspective, the US sees itself as the victim of others’ transgressions. Japan was the culprit in the 1980s. Now it’s China. US leaders also blame the World Trade Organization, which they have effectively neutered by blocking appointments to its Appellate Body for the past five years. Blame is about politics, not economics. Students […]

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