Maybe Shinzo Abe Isn’t The Right Guy To Be Talking To About Making Stuff “Great Again”
Well, Donald Trump and Japanese PM Shinzo Abe held a joint news conference a couple of hours ago and you know, it was the same old story.
Everyone played nice and a lot of generic sounding messaging was conveyed to the press.
Oh, and as usual, Trump said some sh*t that didn't make any sense:
The currencies of the U.S., China and Japan will soon be on a level playing field. That’s the only way it’s fair. That’s the only way you can fairly compete in trade and other things. We will be o
Confused yet America???
Maybe he is passing along the idea to the cheeto that once a stooge is put in for Yellen the Fed can just go ahead and monetize the debt. That should go well https://www.bloomberg.com/news/articles/2016-06-01/japan-s-debt-burden-is-quietly-falling-by-the-most-in-the-world
“I do not believe that there is any credible scenario in which Japanese government debt can be repaid in the normal sense of the word repay,” said Adair Turner, chairman of the Institute for New Economic Thinking and a former head of Britain’s financial regulator. “It would therefore be useful to make clear to the Japanese people that the public debt does not all have to be repaid, since some of it can be permanently monetized by the Bank of Japan.