Japan Archive

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 […]

Since the election of reformist President Benigno Aquino, the Philippine economy has been on an unprecedented upswing, defying almost all earlier forecasts. Today, the country is among the fastest-growing economies in the world, expected to grow by up to 8 percent this year. No wonder the Philippines is seen as the next Asian tiger economy and is expected to attain a much-coveted “investment grade” rating this year. The emerging consensus among experts is that the increasingly positive economic outlook is a result, first, of the Aquino administration’s good governance agenda focused on tough anti-corruption reforms and, second, of the larger […]

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 […]

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 […]