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Economic realpolitik brings Asia’s big guns together

There were deals a-plenty between China and Japan in Beijing on Friday, as Asia’s top economies hedge against global financial risk

  • William Pesek
  • Asia Times

Nothing beats a potential financial crisis to bring geopolitical rivals together.

Xon 2bThis dynamic was on full display in Beijing Friday when the premiers of China and Japan joined hands on a US$30 billion currency swap, a yuan clearing bank and business deals worth billions.

The steps agreed upon by Chinese Prime Minister Li Keqiang and Japanese Prime Minister Shinzo Abe were aimed at spurring business activity between Asia’s top two economies and…

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