Bloomberg Daybreak: Asia Edition The State of US-Japan Relations
Jan 13, 2025
James Abate, Managing Director and CIO at Center Asset Management, shares sharp insights on the U.S. financial landscape and market trends. Rahm Emanuel, the outgoing U.S. Ambassador to Japan, reflects on the evolving U.S.-Japan relations and the geopolitical climate. They discuss rising treasury yields and their impact on the banking sector, the challenges posed by China and North Korea, and the strengthening of regional alliances. Emanuel emphasizes the personal rapport between leaders, showcasing a robust strategic partnership amidst global tensions.
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TikTok Ban and US-China Relations
- The U.S. is set to ban TikTok unless its Chinese owner, ByteDance, divests.
- This ban could further decouple the U.S. and China.
Trump's China Strategy
- Trump's focus on the stock market might limit his aggressiveness with China tariffs.
- He needs inbound investment, suggesting a potential middle ground like the US-Japan relationship in the mid-1980s.
Strengthened US-Japan Relations
- US-Japan relations have strengthened significantly, creating new trilateral alliances with South Korea and the Philippines.
- These alliances aim to deter China through security cooperation and coordinated responses.