Rate Of Return
Total AssetsSouth Korea and Japan dare not wage a trade war against China, so they devalue their currencies, which is equivalent to imposing tariffs on China—'beggar-thy-neighbor.' The Japanese yen has halved in value over the past decade, with signs of accelerated depreciation in recent years, while the South Korean won recently fell to its 2009 low, reaching 1,500 won per US dollar.
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