Free Republic

Finance minister Katsunobu Kato hints that country’s more than $1tn in Treasuries gives it leverage in negotiations Japan’s finance minister has publicly identified the country’s more than $1tn holdings of US Treasuries as a “card” in its trade negotiations with the Trump administration, in a rare baring of teeth by America’s closest ally in Asia. Speaking during a television interview on Friday, Katsunobu Kato was asked whether Japan would use its traditional stance as a non-seller of Treasuries as a tool in trade talks with Washington. “It does exist as a card,” said Kato, adding that “whether or not we...

Robert F Kennedy Jr’s allies fear that he has failed to convince enough senators to confirm him as Donald Trump’s top health official, according to people familiar with the matter. Kennedy, known as RFK Jr, was holding last-minute meetings with Democrats and Republicans ahead of two days of questioning by the Senate’s finance and health committees later this week, three people said. He has met more than 60 senators since his nomination. “There’s more anxiety now than ever,” said a person close to Kennedy. “This is a big week: if the vote were today it would be iffy. We really...

At an event last week, a businessman suddenly pulled out his phone to show me his experience in a driverless taxi in downtown Beijing. In the video, a robotaxi impressively navigated a turn across several lanes of a busy road. Needless to say, the autonomous fleets roaming around an increasing number of Chinese cities are electric. The lasting impression, for him at least, was how far China has pulled ahead in the future of transport. Those at the Munich motor show last week came to a similar conclusion. Germany’s biennial celebration of its own automotive prowess was dominated by Chinese...