Hide one's capabilities, bide one's time (tōkōyōkai) [Midori Akira]

Mori Akira's Profile

Economist. Affiliated with a think tank (United States). Specializes in exchange-rate policy, monetary policy, macroeconomic policy, and financial regulation. Engages with market participants, financial authorities, and policy makers to analyze exchange rate movements from multiple perspectives.

Note: This article is a reprint and edit of FX攻略.com's November 2018 issue. Please note that the market information described in the text may differ from current market conditions.

I am writing this during Japan's Obon holiday season. Recently, I promised to run a half-marathon with (and was compelled to by) a very distinguished businessman. As a result, I have gradually started training to increase my distance. Immediately after finishing 4 miles, I joined a 3-mile boot camp (basic physical fitness enhancement camp) for improved stamina. Unfortunately, I used muscles I don't normally use and became exhausted, so I took a proper nap that day.

This summer, despite the hot weather, negotiations have begun in Washington. So, what kind of commitments will this negotiation settle on?