William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Country has acquired financial and political capital in US-China trade war too


People ride motorbikes after the government eased nationwide lockdown in Ho Chi Minh on Apr. 25: this is no time to pop the champagne corks. © Reuters
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."