William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Opinion
Biden is the rival China's Xi has been fearing all along
US gets ready to compete again by rebuilding economic muscle
Joe Biden holds a semiconductor chip during his remarks before signing an executive order on the economy on Feb. 24: Biden, wisely, seeks to put the U.S. back in the tech race. © Getty Images
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