The US required Japan to back down from its ambitions during the 80s. Part of it was currency devaluation that debased Japanese industry and inflated the real e

The US required Japan to back down from its ambitions during the 80s. Part of it was currency devaluation that debased Japanese industry and inflated the real estate bubble. Of course, Japan had to do it, because you know, they don't have an army. Things are different with China.