A sense of optimism is palpable in Japan as Prime Minister Shinzo Abe takes the country’s helm for a second time. Yet as his government promises to create more jobs and invest in emerging technologies to get the country back on its feet once and for all, the reality is that Japan cannot afford to spend its way out of lackluster growth. What the country really needs is sweeping social change that will tap into the power of women in the labor market and bold leadership to make painful cuts to welfare spending. The fact that Abe’s Liberal Democratic Party […]
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In a recent WPR feature essay on economic integration and security competition in Asia, Amitav Acharya used our article in Foreign Policy, “A Tale of Two Asias,” as a conceptual framework for thinking about the future of this dynamic and important region. But his piece, “Why Two Asias May be Better Than None,” misunderstands or fails to address many of our key arguments. On some points, we agree with Acharya. For example, he notes that Japan “started the process” of economic integration in Asia, or what we call “Economic Asia,” and “still plays a vital role in it.” We made […]
As is well-known, the U.S. under the Obama administration’s now-familiar policy of engaging Asia has three essential components. The first is a diplomatic strategy involving deeper engagement with the Association of Southeast Asian Nations (ASEAN) and related Asian regional institutions, especially those participating in the East Asia Summit (EAS). The second is an economic strategy involving high-quality trade liberalization, mainly within the framework of the Trans-Pacific Partnership (TPP). The third is, of course, the military element, initially dubbed a “pivot” but since rechristened as a “rebalancing.” China has viewed these initiatives with much suspicion and regards them as detrimental to […]
On Tuesday, tens of thousands of people took to the streets of Hong Kong to demand the resignation of Chief Executive Leung Chun-ying, who has faced mounting public discontent with his rule since winning office six months ago in an election in which most of Hong Kong’s citizens could not vote. Leung is facing deepening controversy over questions concerning his personal integrity. Protesters at the New Year’s Day demonstrations demanded he step down, spurred by the news that Leung had made unauthorized additions to his $64 million home and concealed this fact during his election campaign. Henry Tang, Leung’s primary […]
TAIPEI — Relations with Taiwan might not be high on the list of priorities for incoming Japanese Prime Minister Shinzo Abe, given the dismal state of the Japanese economy. However, continued tensions with Beijing could make Taipei a valuable partner for Tokyo. Yet it’s uncertain whether Taiwanese President Ma Ying-jeou’s Kuomintang (KMT) government will be receptive to potential opportunities to improve relations with Japan. After his election, Abe was quick in promising to mend ties with mainland China. Tokyo-Beijing relations are the worst they have been in decades due to the dispute over the Japanese-controlled Senkaku Islands, which were nationalized […]