Jiang argues that Japan continues buying U.S. Treasuries not because they are attractive on their own terms but because Treasury demand acts like a subsidy or bribe to secure American military protection and reduce direct pressure from the United States.
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Colony
A transcript-matched topic anchored by excerpts such as "Japan before World War II was getting 90 % of its oil from the United States. But Japan was becoming too powerful and so..."
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A transcript-matched topic anchored by excerpts such as "Japan before World War II was getting 90 % of its oil from the United States. But Japan was becoming too powerful and so..."
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"Japan before World War II was getting 90 % of its oil from the United States. But Japan was becoming too powerful and so..."
"...have a lot of soldiers in Japan. So Japan is a colony. And so what you do is you bribe the Americans to protect..."
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