Why the ‘Trump trade’ has Asia in a panic

TOKYO — Suffice to say, 2024 hasn’t turned out the way Japanese Prime Minister Fumio Kishida expected. Rather than being a standout in Asia, Japan’s economy is skirting recession. The Bank of Japan still hasn’t hiked interest rates, though Tokyo had fully expected a tightening move or two by now. Instead of coasting to victory in September’s
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