politics

BOJ's Kuroda issues fresh warning of broad fallout from U.S.-China trade war

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By Leika Kihara

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The trade war is basically a tariff war which changes the "exchange rate" of goods which directly and indirectly affects other related products and related services that are connected to China and the US.

It is imperative that all countries find "alternatives" and "change" both import and export policies, procedures and strategies. In essense all countries must now realize that "reliance" and "dependence" on others have a "limit" and they must always have options and reserves as well as a system to reevaluate and take actions that will adjust for any changes. But they must also look at whether or not the so called "sustained growth" is really a necessity and requirement for their own economies. It is something that is a "requirement" most urgently for countries with "aging" and "government dependent" population that "require" and "need" growth to support those who do not or no longer contribute to the GNP.

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