China’s Currency & Japan’s Stocks

Trump’s Tariff Turmoil has undermined the US’s credit worthiness and unsteadied the dollar. For countries harboring currency-dominance aspirations, that’s been a blessing in disguise. Today, William explains why China’s aspirations for the yuan won’t bear fruit anytime soon. … Also: The opportunity China is jumping on to recast itself as the world’s protector of globalization. … And: Japan’s stock market has been on a tear for the past decade. But whether spreading cracks in its foundation suggest overvaluation is a legitimate concern. Japan faces a stagflationary economic outlook, reform initiatives going nowhere, corporations struggling to reinvent themselves, anemic demand for Japanese bonds, and BOJ tightening plans now in limbo.