Voluntary CHIPS4 a bust so down to unilateral "pushing". Weaken Yen = more demand from PRC and incentive to de-americanize supply chains while increasingly expe

Voluntary CHIPS4 a bust so down to unilateral "pushing". Weaken Yen = more demand from PRC and incentive to de-americanize supply chains while increasingly expensive for JP to procure US defense. US can coerce with big sticks but at some point the logic/draw of carrots may be overwhelming.