trade creditor

But it will not cut off its nose to spite its face and spark a full-fledged trade war with its largest creditor.

但它不会跟自己赌气，触发自己与最大债权人之间的全面贸易大战。

Much of that rise follows the unwinding of the yen-funded carry trade, although there is also logic in a huge creditor nation having currency strength at a time of global credit rationing.

这一升幅有相当大一部分是在日元套利交易大量解除后发生的，尽管在全球信贷紧缺之际，一个庞大的债权国拥有强劲汇率也是符合逻辑的。

An overvalued dollar in the early years of the Reagan administration exacerbated a trade imbalance with an instinctively protectionist Japan, now the world's biggest creditor country.

在里根（Reagan）政府的初期，美元估值过高，这加剧了美国和日本之间的贸易失衡。当时，日本本质上是一个崇尚贸易保护主义的国家，而目前是全球最大的债权国。