The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
If the United States wants a “free and open Indo-Pacific,” as Secretary of State Rex Tillerson has urged and U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe discussed at their recent meeting in Tokyo, no two powers will be as important as India and Japan.
The two countries are among the most concerned about security in the region and are also increasingly ready to work with each other on it. The relationship between the two countries—historically strategically distant—has grown increasingly robust under the stewardship of Indian Prime Minister Narendra Modi and Abe, with regular high-level summitry (Abe traveled to Delhi to visit Modi last month) combined with increasingly frequent and deepening exchanges at the diplomatic, defense, and business levels.
One reason the two countries are coming together is a common strategic anxiety about China’s rise, particularly its foreign policy ambitions in Asia. For them,