, Columnist
A Currency War Is Coming
As investors fret over trade, Japan could be about to spring a surprise.
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As if a brewing trade war wasn't enough to worry about, investors also need to be alert to the threat of a major currency conflict.
Norihiro Takahashi, president of Japan's Government Pension Investment Fund, dismissed Donald Trump's tariffs plan as a "performance" for his supporters, and said U.S. assets are no longer expensive, in an interview with The Wall Street Journal this week. That marks a change in stance since the December quarter, when the world's largest pension fund scaled back its exposure to foreign assets.