The Japan-US trade war is severely hitting Japan. After a decline in vehicle exports in April and May, the June export data still shows no signs of improvement! The price of passenger car exports from Japan to North America in June fell 12% month-on-month, marking the largest drop in history. Previously, April and May also saw a significant decline in export volumes due to the US imposing a 25% tariff on Japanese cars. This was also the case in June. Japan's car exports to the US have been declining for three consecutive months.

It seems that the pressure from the United States on Japan is very strong, ultimately forcing Japan to sign a new Plaza Accord. The core goal is to convert Japan's $1.1 trillion in national debt into a 100-year interest-free government bond, and also pay a certain management fee to the United States annually. For Japan, this is unacceptable, and it has repeatedly emphasized that it will not sign such an agreement, and both sides have been in a tug-of-war.

In order to suppress Japan, the United States has reduced the number of vehicles imported from Japan, which better achieves its goals. On the Japanese side, Prime Minister Ishiba has already made up his mind, even if he is ousted from power, he will not sign a compromise agreement with the United States. Otherwise, Prime Minister Ishiba would be nailed to the pillar of shame in Japanese history. So, rather than being destroyed, he refuses to sign a humiliating trade agreement.

Fearing that a careless mistake could lead to signing a new Plaza Accord, causing Japan to fall into economic stagnation again for forty years. This puts more pressure on Prime Minister Ishiba. Therefore, he is willing to take the risk of being ousted from power rather than signing a new Plaza Accord. This is the bottom line of Japanese Prime Minister Ishiba. It's better to be kicked out directly than to submit so easily. At least there is someone who understands.

However, it is evident that Japan is hard to escape from the clutches of the United States, as there are a large number of American troops stationed in Japan. The consequences of disobedience are serious! Therefore, regardless of the circumstances, Japan must fight to the end.

In the Japan-US trade war, the blogger hopes that Japan can hold on. If Japan cannot hold on, the United States will aggressively oppress other countries around the world to sign more extreme trade agreements. This is not beneficial for China's resistance against the United States. Therefore, I hope that Japan and South Korea can both hold on and avoid signing those too dangerous trade agreements, so that the United States will not become more arrogant.

Original article: https://www.toutiao.com/article/1836419540742156/

Statement: This article represents the personal views of the author.