The deeper Trump sinks, the easier Japan breathes

Donald Trump is widely seen in Japan to have done poorly in the second US presidential debate. That has come as an added relief to many Japanese – closely watching the debate that started at 10am local time on a national holiday – as he refrained from tearing into Japan, unlike the first debate.

After his repeated attacks on Japan over trade – accusing it of deliberately weakening the yen – and demanding it pays more for US military presence on its soil, Trump had softened his tone over the last few months. However, he returned to the topic in the first debate, saying US allies “do not pay us” for US protection and, “we can’t defend Japan, a behemoth, selling us cars by the million”.

The hundreds of Japanese tweets during the first debate had many pointing out that the dollar weakened by a cent against the yen as the two candidates clashed. The dollar had strengthened against the yen last week, which helps Japanese exporters by making their goods cheaper in overseas markets.