The Iran War Is Choking Japan’s Economy

The Iran War Is Choking Japan’s Economy

August 12, 2026 · 34 min

About this episode

The episode discusses the impact of the Iran War on Japan's economy and the economic strategies of the Trump administration.

Treasury Secretary Scott Bessent spent billions of U.S. dollars to buy and prop up the Japanese currency, the yen. Professor Richard Wolff and Brian Becker unpack the economic and geopolitical calculations of the Trump White House, and what it means for the US economy. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com . Join the The Socialist Program community at http://www.patreon.com/thesocialistprogram to get exclusive content and help keep this show on the air.

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Host: The Socialist Program

Guests: Richard Wolff, Brian Becker

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Organizations: Democracy at Work

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