The hostility that China is showing Japan could be a preview of what the US can expect IF it crosses China's geopolitical agenda.
Supposedly, China is angry at Japan for "supporting" the US on Taiwan independence......but what about the US position on Taiwan?
With China's HUGE HOLDINGS OF US BONDS.....could the US dare come to the defense of Taiwan should China seek reunification....?
THAT, would be "problematic" for the bond market.....
Additionally, China's currency is causing some alarm in international currency markets. Still, any attempt to reform China could result in China using it's "big stick" of being the World's "factory floor."
It is odd that the world's last Communist Nation is now in a position to call the shots on Euroland and the US.....Or was that the Communist plan all along....?? To let Capitalism's greed and desire for cheap labor destroy the west....by it's own doings.