Is Japan in crisis as yen crashes? Or is USA exporting its economic problems?

Japan’s currency the yen has fallen significantly against the dollar. It its economy in crisis? What is the role of US interest rates, inflation, debt, and deficits? What about China? Ben Norton explains the complex geoeconomic situation. Topics 0:00 Intro 1:40 Yen plunges against US dollar 3:32 Rising exports, falling imports 4:40 Did Germany overtake Japan? 5:58 Nominal GDP is misleading 7:27 PPP is much more accurate 9:25 Misunderstanding GDP figures 10:53 US deficits & debt drive GDP growth 12:37 Strong US dollar 13:58 Industrialization & manufacturing 15:31 Current account 16:15 US Treasury securities 18:09 Why is the yen falling? 18:43 Interest rates 20:37 Bond yields 23:28 Why doesn’t Japan raise interest rates? 23:50 Japan’s debt 26:18 Inflation 29:32 US Treasurys 30:29 De-dollarization: China drops US bonds 33:14 TL;DW (conclusion) 35:07 Outro || Geopolitical Economy Report || Please consider supporting us at Patreon: Podcast: Newsletter: