Cam Hui | Jul 30, 2014 12:31AM ET
As we wait for the 2Q GDP and FOMC announcement, here is something different to ponder...
I had written previously about the Project Syndicate essay warning that Japanese Prime Minister's Abe's "makeover of Japanese foreign policy could undermine the fragile power balances that have so far kept the Sino-American rivalry in check", largely because "opposition to any perceived revival of Japanese militarism is hard-wired in Northeast Asia". Evans warned:
The dangers should not be exaggerated. But, with strategic competition between the US and China as delicately poised as it is, and with the economic interests of Australia, Japan, and many others in the region bound up just as intensely with China as their security interests are with the US, rocking the boat carries serious risks.
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