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Japan, S Korea hold first finance leaders' meeting in 7 yearsBy Leika Kihara and Jihoon Lee INCHEON, South Korea
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Cooperation is a must, but that is one freaky looking picture.
That picture is so merry. At least they didn't cross their arms. Are they going to use their own currencies more instead of the dollar?
Inflation's JOB #1 - TRUE Cancer making it impossible to have strong economic growth.
Wao, what a tolerant approach if you know what SK finance leader(s) stated to Japanese ones, face to face, when the maturities of JPY/KWN currency swaps had came up...
The politician talks is just a cotradictions by hipocrits! money goes and the benefict is going to who!? let me guess! there you have it! G7! I wish to discover each end every members of a politicals partys in the world! just to chek how much they are paying taxes, or anythings else! and we will find many secrets!
The ever increasing friendship is positive news for the citizens of both countries. Let's build the Fukuoka-Busan tunnel!
No, because nobody wants the renminbi and only China hates the US.
It would seem that the more important story if the tri-lateral meeting.
Foreign exchange (FOREX) reserves by country:
China: $3.38 trillion
Japan: $1.28 trillion
South Korea: $414 billion
You meant that countries should stop inflating their trade surplus by holding dollars? I agree.
Cooperate with Big China, the next first economic power of the world, you will be invincible..
The future is RED..
BRICS started to dedollarize its countries and trade with its own currencies included good old renminbi..
Your comment sounds more like a childish whining.. Lol..
Japan has much higher FOREX per capita.
If you are an American countries like China and Japan purchase treasury certificates which allows the US to continue spending even though it is running up huge budget deficits.
There are plenty of countries in the world holding US treasuries. If China and Japan reduced their holdings gradually and by consequence evened the trade deficit, it would be a positive for the US.
The most recent data from 2022 is that the US dollar continues to have 60% of foreign exchange reserves, much as it did for the past decade. Manipulated renminbi has much much less:
Your comment sounds like childish fantasy.. Lol..