The Japan That Can Say No!

And why it might matter for markets

Henry Kissinger: To be a friend of the US is fatal

Given the focus on its balance sheet, it’s easy to forget the US is insanely wealthy. Consider its flat agricultural land, its infrastructure, its IP and its people. It does, however, have one disadvantage. It’s a long way from Eurasia, the epicentre of pre-1945 geopolitics.

The academic and neo-con thoug…