Should-Read: Noah Smith: The U.S. and Japan Don’t Have a Trade Problem: “When Japan buys U.S. bonds, stocks, or car factories… …and the U.S. fails to do the same in Japan, it pumps up the trade deficit. Japan’s government has been a big buyer of U.S. bonds…. Should the U.S. demand that Japan sell off … Continue reading Should-Read: Noah Smith: The U.S. and Japan Don’t Have a Trade Problem