MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

CHINA PBOC CONDUCTS CNY270 BILLION VIA 7-DAY REVERSE REPOS WED

MNI: PBOC Sets Yuan Parity Lower At 7.1318 Wed; -1.32% Y/Y

MNI: US JUN INDUSTRIAL PROD +0.6%; CAP UTIL 78.8%

Foreigners Buy CAD20.9B of Canada Securities In May Led By Debt

MNI: US JUN HOUSING STARTS 1.353M; PERMITS 1.446M

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Trump Allies Assure Japan & SK On Cooperation In Any 2nd Term

POLITICAL RISK
EM BulletHomepagemarkets-real-timePolitical RiskEmerging Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsBank of Japan (BOJ) Market NewsPolitical Market News

Reuters reporting that according to five people familiar with the talks, allies of US presidential hopeful Donald Trump have sought to assure Japan and South Korea that the efforts of the Biden administration to boost trilateral relations will remain in place should Trump win another term in the White House. Fred Fleitz, a former chief of staff in Trump's National Security Council said that on trips to Japan in June, "I reassured them that the alliance will be strong, that Trump recognizes we have to work closely with our allies to defend their interests,".

  • The stronger links between Tokyo and Seoul - if maintained - would likely play well into Trump's hardline stance with regards to China, both in terms of security in the Indo-Pacific and in de-risking the US economy and is supply chains.
  • A tough US stance towards China is one of the few areas of policy overlap between the Biden and Trump campaigns in the election campaign.
  • Trump became the first US president to step foot in North Korea during his time in office, seemingly preferring a less antagonistic stance (given Trump's aversion to US funding for SK and Japan in defence against Pyongyang). While the security situation in the region has become more tense in recent years, Seoul and Tokyo may feel some jitters over what a second Trump presidency could mean with regards to North Korea.
230 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Reuters reporting that according to five people familiar with the talks, allies of US presidential hopeful Donald Trump have sought to assure Japan and South Korea that the efforts of the Biden administration to boost trilateral relations will remain in place should Trump win another term in the White House. Fred Fleitz, a former chief of staff in Trump's National Security Council said that on trips to Japan in June, "I reassured them that the alliance will be strong, that Trump recognizes we have to work closely with our allies to defend their interests,".

  • The stronger links between Tokyo and Seoul - if maintained - would likely play well into Trump's hardline stance with regards to China, both in terms of security in the Indo-Pacific and in de-risking the US economy and is supply chains.
  • A tough US stance towards China is one of the few areas of policy overlap between the Biden and Trump campaigns in the election campaign.
  • Trump became the first US president to step foot in North Korea during his time in office, seemingly preferring a less antagonistic stance (given Trump's aversion to US funding for SK and Japan in defence against Pyongyang). While the security situation in the region has become more tense in recent years, Seoul and Tokyo may feel some jitters over what a second Trump presidency could mean with regards to North Korea.