2022
DOI: 10.4324/9781003212492
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Currency Wars with China and Japan in Western Newsmagazines

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“…This scenario did not ultimately materialise. Due to a series of US-led foreign exchange interventions and an ageing national population, Japan's economy lost steam and eventually became associated with deflation and stagnation (Ng, 2022;Yeung, 2020). Put more precisely, a superpower is a state characterised by its ability to exert influence or project power on a global scale.…”
Section: Defining the Term 'Superpower'mentioning
confidence: 99%
“…This scenario did not ultimately materialise. Due to a series of US-led foreign exchange interventions and an ageing national population, Japan's economy lost steam and eventually became associated with deflation and stagnation (Ng, 2022;Yeung, 2020). Put more precisely, a superpower is a state characterised by its ability to exert influence or project power on a global scale.…”
Section: Defining the Term 'Superpower'mentioning
confidence: 99%