Attacks on international shipping passing through the Strait of
Hormuz pose a threat to the world economy, and add more fuel to an
already incendiary region. Regardless of the culprit, the United States,
Iran, and other players must not overreact.
The fate of the global economy now rests with the leaders of the United States and China, each of whom seems to think the other will blink first in their ongoing trade and technology war. Unfortunately, the game they are playing is one that rarely ends well.
Japan is advocating a system of “Data Free Flow with Trust,” an approach that attempts to allow the free flow of data under rules upon which all people can rely. And launching DFFT is just one of four major agenda items that Japan's prime minister has in store for the group's upcoming summit.