China can avoid becoming Japan ZT# Stock
b*y
1 楼
One counterpoint I often hear about the renminbi’s role in rebalancing
China’s economy is “but hey, look at Japan: It’s had a flexible exchange
rate for years and, yet, its growth is still reliant on external
demand”.
True. So let’s see what’s going on in Japan, whether there are any
differences with China and whether the case for renminbi appreciation
still stands from an economic rebalancing perspective.
One reason behind Japan’s lackluster consumption growth has been a
stagnant growth in real
China’s economy is “but hey, look at Japan: It’s had a flexible exchange
rate for years and, yet, its growth is still reliant on external
demand”.
True. So let’s see what’s going on in Japan, whether there are any
differences with China and whether the case for renminbi appreciation
still stands from an economic rebalancing perspective.
One reason behind Japan’s lackluster consumption growth has been a
stagnant growth in real