Biden sends China smoke signals via FX market

World's most important and fraught trade relationship desperately needs a reset

Avatar
20210414 Janet Yellen.jpg

Janet Yellen in the Oval Office, pictured on Apr. 9: Treasury Secretary is rethinking the game. © Getty Images

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

If Joe Biden's Treasury Department is playing three-dimensional chess on exchange rates, it might want to share the rules with Asia.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.