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May 26, 2015

Asia
Japan and South Korea Should Bridge Their Differences, Snyder and Glosserman Write in New Book

Japan and South Korea are Western-style democracies with open-market economies committed to the rule of law. They are also U.S. allies. Yet despite their common interests, shared values, and geograph…

November 8, 2018

South Korea
A Missed Opportunity to Commemorate a Positive Moment in Korea-Japan Relations

Scott Snyder and Brad Glosserman are co-authors of The Japan-South Korea Identity Clash: East Asian Security and the United States.   Anniversaries loom large in international relations. They are …

South Korean President Kim Dae-jung speaks at a joint news conference with Japan's Prime Minister Keizo Obuchi at the Akasaka state guesthouse in Tokyo on October 8, 1998.

January 26, 2020

Economics
Leprechaun Adjusted Euro Area GDP…

The entire euro area's economic statistics now need to be adjusted to remove the distortions created by the tax transactions of large multinationals operating in Ireland and the Netherlands. Headline…

Leprechaun Adjusted Euro Area GDP…

January 14, 2020

Taiwan
All Sound and No Fury? Will The Trump Administration Get Tough on Currency in April?

A number of Asian countries could be designated as manipulators in the U.S. Treasury's April foreign exchange report. And unlike the politically motivated designation of China last summer, there woul…

All Sound and No Fury? Will The Trump Administration Get Tough on Currency in April?

January 6, 2020

China
More Trade Destruction than Trade Diversion Right Now

Earlier in the year, there was a plausible argument that Trump's tariffs were mostly just diverting U.S. demand to other markets. But in recent months imports from China and imports from the United S…

More Trade Destruction than Trade  Diversion Right Now

January 17, 2020

Puerto Rico
Puerto Rico: A U.S. Territory in Crisis

The Caribbean island, which shares a close yet fraught relationship with the rest of the United States, faces a multilayered economic and social crisis, rooted in long-standing policy and compounded …

A man rides his bicycle through a damaged road in Puerto Rico.

December 20, 2019

Economics
Am Taking a Few Days Off. Back in 2020 ...

Happy Holidays, and if it fits, Merry Christmas.   Photo is of a Schwarzwälderkirschtorte.*  It tastes as good as it looks.  My brother is an excellent chef. * Blackforest cake, with the…

black forest cake

June 2, 2017

South Korea
Prospects for Japan-South Korea Cooperation Under Moon Jae-in

Scott Snyder (ssnyder@cfr.org), senior fellow for Korea studies at the Council on Foreign Relations, and Brad Glosserman (brad@pacforum.org), executive director of the Pacific Forum CSIS, are coautho…

Prospects for Japan-South Korea Cooperation Under Moon Jae-in

October 15, 2019

Taiwan
What Does Taiwan’s Hidden Forward Book Mean for Taiwan’s Financial Stability and U.S. Currency Policy?

Taiwan's central bank—and Taiwanese households—have taken on an awful lot of foreign currency risk over the years …

treasury fx intervention taiwan 4

December 17, 2019

United States
It is Time to Change How We View Foreign Direct Investment

FDI is increasingly driven by tax avoidance.

It is Time to Change How We View Foreign Direct Investment