2025 promises to test Japan's and South Korea's economies

The return of Trump and low growth rates hang over the shaky democracies

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Currency dealers stand in front of electronic boards showing the Korean Composite Stock Price Index (KOSPI) and the exchange rate between the U.S. dollar and South Korean won at a dealing room of a bank, in Seoul, South Korea, December 9, 2024. © Reuters

Kang-Kook Lee is a professor at Ritsumeikan University's Graduate School of Economics in Japan.

While the impeachment of President Yoon Suk Yeol is dominating headlines in South Korea and Japan, the administrations of both countries face the difficult task of boosting sluggish growth.

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