首先，和采取弹性利率机制的新兴经济体一样，日本也可以从美国货币紧缩中获益，因为美元升值让日本出口品更具竞争力。
For starters, Japan, like emerging economies with flexible exchange-rate regimes, may actually benefit from America’s monetary tightening, as an appreciating dollar makes Japanese exports more competitive.