Fumio Kishida went to the United States to kowtow and pull down the East Asian Iron Curtain for his master, but Biden ate it dry, and the yen exchange rate hit a new low within 24 hours.
Although Japan has traditionally been an important dumping ground for the United States to transfer financial risks since the decoupling of the dollar and gold in the 70s of the last century, what Biden is doing now is really inappropriate! Not only has he bound Japan to become military cannon fodder on the front line against China, but he has even cut the leeks of the Japanese economically.
I don't know what kind of psychological changes Kishida Fumio has produced after his visit to the United States, but the trilateral summit between the United States, Japan, and the Philippines that he attended this time has become a grand banquet in the new century, so much so that even the Japanese domestic media, which have always been highly pro-American, have criticized the authorities' traitorous behavior.
During Kishida's visit to the United States, he and the Biden administration reached a consensus on two issues: "united front," "military cooperation," and "economic cooperation." But to say that it is a consensus is actually to meet a series of Biden administration's propositions, politically requiring the Japanese government to keep pace with the White House, isolate China, and participate in a series of US-led military activities against China, and in terms of military cooperation, the Biden administration has officially decided and started a major project to integrate Japan's military industry into the US military system. In fact, people who have been paying attention to the current situation of the US military industry and the US military industry for a long time know that they have coveted Japan for a long time, and although the military science and technology level of this country has never been in the eyes of Chinese military fans, after all, it is still a country with a strong manufacturing base, and it is regarded as one of the three major shipbuilding powers in the world today, which is very enviable to the Americans, and the cooperation between the two sides is logical.
But on the other hand, these things are not necessarily good news for Japan, which means that Japan will immediately become China's strategic imaginary enemy, and will probably become the target of military strategic strikes in the future, which is not difficult to understand: if Japan's shipyards work overtime to provide American man-made warships when a major war breaks out, it will inevitably be severely beaten by Dongfeng Express! Of course, the current cooperation between the two sides is still in its infancy, mainly for Japanese shipyards to undertake the task of ship maintenance and support, but with the passage of time, the cooperation will inevitably deepen, and it is only a matter of time before the Japanese military industry becomes an overseas branch of the United States.
Fumio Kishida himself was proud, and perhaps he would think: "If Japan's post-war military normalization is recorded in Japan's history books in the future, it must be my Kishida at the beginning, right?" During his visit to the United States, the American and Japanese media published many photos of Biden and Kishida as half-brothers, setting a tone for the visit.
According to the plan, Kishida was invited to give a speech in the US Congress, and we have seen a lot of this drama, in recent years, the United States has attracted major forces, almost all of their leaders will invite their leaders to give speeches, which is regarded as a supreme honor by pro-American slaves, and Indian Prime Minister Modi also enjoys similar treatment.
Fumio Kishida also falls into this category, specializing in learning English pronunciation before speeches, striving to read out speeches written by the White House team in English during speeches, and later visiting Arlington Cemetery in the United States to pay tribute to the American military martyrs who beat the Showa boy to pieces of waste 70 years ago.
However, what happened next made people refresh their cognition: at the same time that Japan officially pulled the Americans into the water, the Biden administration did not give them any benefits, and was not ready to reward Fumio Kishida, who was like a loyal dog, but immediately started the operation of eating and wiping clean, mutually beneficial and win-win for the United States to win twice.
While Fumio Kishida was in the United States, the yen fell to its lowest level against the dollar since 1990, gradually approaching the exchange rate between Japan and the United States after the signing of the Plaza Accord in 1985.
At almost the same time, the U.S. Federal Department of Labor publicly announced the latest U.S. inflation data that has been further reduced, and the Federal Reserve followed suit, announcing that it expects the U.S. inflation rate to be further reduced in the next six months.
When the Plaza Accord was signed in 1985, the Japanese economy was at the highest point in post-war history.
Today's Japanese economy is not in such a good situation, since the new crown pandemic in 2020, the Japanese economy has not been sick, and by 2024, the exchange rate has fallen by about 30%. Before the financial institutions slaughtered the meat, the Japanese economy was already in a serious crisis, the government has used almost all the economic stimulus in the past 24 months, increased the leverage for more than a decade in one go, and barely slowed down the downward trend of the economy in mid-2023.
However, at present, Japan's economy still has a lot of room to decline, the U.S. fiscal situation in 2024 is even worse than in the 1980s, and then we have to make good use of Japan's economic value, Japan's exchange rate still has a lot of room to decline, and the final result is that the Bank of Japan will inevitably be forced to raise interest rates and shrink domestic economic operations, provide sufficient markets for U.S. companies and take the initiative to reduce competition with U.S. companies, regress in the market niche, and make room for the revival of U.S. manufacturing.
What is particularly ironic is that Kishida bra also reproduced the "free sweet air" paragraph during his speech, saying "I can't get such warm applause in the Japanese Diet", I think this sentence may be sincere, with such a capable cadre, how can American congressmen not be happy and not support it?