Header Ads

Press rewind: Trump, Tokyo and a welcome back to the 1980s

Madonna


It was the time of The Empire Strikes Back and Michael Jackson's tune Beat It.

A period when Madonna acquainted armies of high school young ladies with scrunchies and Jane Fonda made lycra and leg warmers cool.

What's more, on the off chance that you were tuning in to tape tapes - there's a decent shot it was on the progressive Walkman - made by Japanese hardware firm Sony.

In any case, not everybody was a fanatic of this Asian impact.

Books like "Japan as Number One" made the smash hit list, underscoring the enmity numerous Americans felt about the then rising Asian superpower.

American president Ronald Reagan in 1985Image copyrightHULTON ARCHIVE

Picture inscription

American president Ronald Reagan in 1985

What's more, US President Ronald Reagan was pummeling Japan for not opening its business sectors enough to US items.

"We offer an auto into Japan, and they get things done to us that make it difficult to offer autos in Japan, but then they offer autos into us," is the sort of talk you may listen.

But that is not Reagan in 1982. It's Donald Trump in 2017.

So would we say we are rewinding back to the 1980s?

It's a correlated thing to ask, particularly as Japan's Prime Minister Shinzo Abe visits the US to meet recently chose President for some comfortable golf and extreme talking.

Autos and cows

Money will be an idea on the tee. Like in the 1980s, the US dollar is more grounded than the Japanese yen - making Japanese products less expensive for American shoppers.

Toyota carImage copyrightGETTY IMAGES

Picture inscription

Japanese auto mammoth Toyota says will put $10bn in the US throughout the following five years

At that point, similar to now, the businesses that were the fundamental staying focuses were the auto area and horticulture.

Autos, cows and citrus organic product prompted to a taking off US exchange shortage with Japan, worth right around a fifth of the US's GDP at the time.

Today the shortage between the two countries has divided, yet when the two pioneers meet throughout the following few days, it is these same three subjects that will probably be the concentration of their discussions.

No comments