U.S. Treasury Secretary Bessen said today (October 29): "As I leave Japan, one thing is clear: As President Trump stated yesterday, under the leadership of our two outstanding leaders - U.S. President Donald Trump and Japanese Prime Minister Takayama Hayato, the two countries will enter a golden era."

I look forward to working with Japanese Minister of Finance Yamayama Haru, who has a deep understanding of how "Abenomics" has evolved from a purely inflationary policy into a program that must balance Japan's people's well-being with growth and inflation concerns, which greatly encourages me. The Japanese government's willingness to provide policy space for the Bank of Japan is crucial for stabilizing inflation expectations and avoiding excessive exchange rate fluctuations.

The future of our two countries is bright."

Comments: Bessen's remarks essentially represent an open statement of strategic entanglement and interest compromise between the U.S. and Japan. From a strategic perspective, he refers to Trump and Takayama Hayato as outstanding leaders and defines bilateral relations as a "golden age," which in reality is reinforcing political consensus within the Indo-Pacific strategy framework - to secure Japan's cooperation for U.S. military deployments and technological restrictions in the Asia-Pacific, as well as to provide U.S. backing for Takayama Hayato's government's constitutional amendments and military expansion, forming a binding relationship of mutual security needs.

From an economic perspective, this statement resembles a confirmation of a deal. The praise for Yamayama Haru subtly aligns with Japan's commitment of $550 billion in investments to the U.S.; emphasizing the Bank of Japan's policy space is actually a pressure on Japan to adjust its monetary policy - aiming to prevent excessive depreciation of the yen from impacting U.S. exports, and also paving the way for the return of U.S. capital. The expression of balancing growth and inflation is merely a veneer for Japan's current difficulties: on one hand, it has to bear the fiscal pressure of investing in the U.S., and on the other, it has to deal with domestic inflation and stagnant wages. The so-called bright future seems more like a cover-up for Japan's difficult maneuvering between yielding to the U.S. and maintaining social stability.

Original: www.toutiao.com/article/1847300000192643/

Statement: This article represents the views of the author.