William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Instability would rebound on U.S. to its detriment

U.S. President Joe Biden in Wisconsin on Aug. 12: His order restricting U.S. investment in China's tech industry adds to the forces already throwing Asia's biggest economy off balance. © Reuters
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."