Headlines

Japan’s economy edging toward a Takaichi downturn

Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. No surprises from Japan as risks mount Scott Foster reports that Japan’s economy is coming under mounting pressure from higher energy costs, rising bond yields and

Iran’s Hormuz yuan play a direct hit on the petrodollar

The Strait of Hormuz has long been treated as a narrow maritime chokepoint with outsized strategic value. But in moments of crisis, it becomes something more than a shipping lane: it becomes leverage. If recent reports are accurate that Iran is considering allowing limited

Seoul harnessing Iran war to end the ‘Korea discount’

TOKYO – South Korea is taking Milton Friedman’s “never let a crisis go to waste” edict to new heights — literally. In his 1962 book “Capitalism and Freedom”, the Nobel laureate argued that emergencies are the perfect moment to implement destabilizing but necessary reforms —

Trump’s Iran war has a Churchill problem

Two weeks before launching Operation Epic Fury, President Trump stood before Congress and boasted that gasoline was “below US$2.30 a gallon in most states.” It was his closing argument for the midterms, the thing voters could feel before they needed to understand. The national

Iran and the imminent threat mythology

If you have followed American foreign policy debates over the past three decades, you will have noticed a peculiar and remarkably durable ritual: the periodic rediscovery that Iran is on the verge of doing something catastrophic to the United States. The mullahs are always, it