Will Japan be the first canary to fall in the Western financial coal mine?
It looks more and more likely as John Mearssheimer explains below, as the country finds itself squeezed between the industrial might of China and the political and financial might of the US.
The stupidity of the new Prime Minister, Takaichi to meaninglessly confront China with Taiwan is a game where almost every move is a losing one. Even the US has not been so explicit about Taiwan in spite of a much larger and credible military so why should Japan step ahead in the confrontation? Could it be the same desperate move as we see in Europe? When face with the prospect of bankruptcy, what do you do? Double down of course!
The analysis of Mearsheimer is clear, what is not yet is the outcome of the gamble. But gamble it is and with precious little cards to play against China.
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