TOKYO – In the world of international finance, conflicting monetary and exchange-rate policies compete for advantage and countries battle for influence over the rules of the game. After all, just as investors compete to maximize their profits, countries compete to ensure that international rules and norms are agreeable to them.
东京—在国际金融领域，冲突的货币和汇率政策竞争优势，而国家竞争对游戏规则的影响力。毕竟，就像投资者竞相利润最大化，国家竞相确保国际规则和规范对自己有利。因此，就国际经济机制达成一致——比如建立固定汇率，或者采取共同货币——是一个非常政治性的决策。而今天的亚洲就面临许多这样的决策。