Japan′s New Regional Reality - Geoeconomic Strategy in the Asia-Pacific


Book Description

Japan's New Regional Reality offers a comprehensive analysis of Japan's geoeconomic strategy that reveals the country's role in shaping regional economic order in the Asia-Pacific. Saori N. Katada explains Japanese foreign economic policy in light of both international and domestic dynamics.




Japan's New Regional Reality


Book Description

Japan's regional geoeconomic strategy -- Foreign economic policy, domestic institutions and regional governance -- Geoeconomics of the Asia-Pacific -- Transformation in the Japanese political economy -- Trade and investment : a gradual path -- Money and finance : an uneven path -- Development and foreign aid : a hybrid path.




Japan's New Regional Reality


Book Description

Since the mid-1990s, Japan’s regional economic strategy has transformed. Once characterized by bilateralism, informality, and neomercantilism, Japanese policy has shifted to a new liberal strategy emphasizing regional institution building and rule setting. As two major global powers, China and the United States, wrestle over economic advantages, Japan currently occupies a pivotal position capable of tipping the geoeconomic balance in the region. Japan’s New Regional Reality offers a comprehensive analysis of Japan’s geoeconomic strategy that reveals the country’s role in shaping regional economic order in the Asia-Pacific. Saori N. Katada explains Japanese foreign economic policy in light of both international and domestic dynamics. She points out the hurdles to implementing a state-led liberal strategy, detailing how domestic political and institutional changes have been much slower and stickier than the changing regional economics. Katada highlights state-market relations and shows how big businesses have responded to the country’s interventionist policies. The book covers a wide range of economic issues including trade, investment, finance, currency, and foreign aid. Japan’s New Regional Reality is a meticulously researched study of the dynamics that have contributed to economic and political realities in the Asia-Pacific today, with significant implications for future regional trends.




Tumultuous Times


Book Description

A rare insider's account of the inner workings of the Japanese economy, and the Bank of Japan's monetary policy, by a career central banker The Japanese economy, once the envy of the world for its dynamism and growth, lost its shine after a financial bubble burst in early 1990s and slumped further during the Global Financial Crisis in 2008. It suffered even more damage in 2011, when a severe earthquake set off the Fukushima Daiichi nuclear disaster. However, the Bank of Japan soldiered on to combat low inflation, low growth, and low interest rates, and in many ways it served as a laboratory for actions taken by central banks in other parts of the world. Masaaki Shirakawa, who led the bank as governor from 2008 to 2013, provides a rare insider's account of the workings of Japanese economic and monetary policy during this period and how it challenged mainstream economic thinking.




Japan’s Population Implosion


Book Description

This cutting edge collection examines Japan’s population issue, exploring how declining demographic trends are affecting Japan’s social structure, specifically in the context of Greater Tokyo, life infrastructure, public finance and the economy. Considering the failures of past Japanese policies from the perspective of population, national land, and politics, it argues that the inability of past administrations to develop a long-term and comprehensive policy has exacerbated the population crisis. This text identifies key negative chain reactions that have stemmed from this policy failure, notably the effect of population decline on future economic growth and public finances and the impact of shrinking municipalities on social and community infrastructure to support quality of life. It also highlights how population decline can precipitate inter-generational conflict, and impact on the strength of the state and more widely on Japan’s international status. Japan is on the forefront of the population problem, which is expected to affect many of the world’s advanced industrial economies in the 21st century. Based on the study of policy failures, this book makes recommendations for effective population policy – covering both ‘mitigation’ measures to encourage a recovery in the depopulation process as well as ‘adaptation’ measures to maintain and improve living standards – and provides key insights into dealing with the debilitating effects of population decline.




The Greater East Asia Co-Prosperity Sphere


Book Description

In The Greater East Asia Co-Prosperity Sphere, Jeremy Yellen exposes the history, politics, and intrigue that characterized the era when Japan's "total empire" met the total war of World War II. He illuminates the ways in which the imperial center and its individual colonies understood the concept of the Sphere, offering two sometimes competing, sometimes complementary, and always intertwined visions—one from Japan, the other from Burma and the Philippines. Yellen argues that, from 1940 to 1945, the Greater East Asia Co-Prosperity Sphere epitomized two concurrent wars for Asia's future: the first was for a new type of empire in Asia, and the second was a political war, waged by nationalist elites in the colonial capitals of Rangoon and Manila. Exploring Japanese visions for international order in the face of an ever-changing geopolitical situation, The Greater East Asia Co-Prosperity Sphere explores wartime Japan's desire to shape and control its imperial future while its colonies attempted to do the same. At Japan's zenith as an imperial power, the Sphere represented a plan for regional domination; by the end of the war, it had been recast as the epitome of cooperative internationalism. In the end, the Sphere could not survive wartime defeat, and Yellen's lucidly written account reveals much about the desires of Japan as an imperial and colonial power, as well as the ways in which the subdued colonies in Burma and the Philippines jockeyed for agency and a say in the future of the region.




Pan-Asianism in Modern Japanese History


Book Description

Regionalism has played an increasingly important role in the changing international relations of East Asia in recent decades, with early signs of integration and growing regional cooperation. This in-depth volume analyzes various historical approaches to the construction of a regional order and a regional identity in East Asia. It explores the ideology of Pan-Asianism as a predecessor of contemporary Asian regionalism, which served as the basis for efforts at regional integration in East Asia, but also as a tool for legitimizing Japanese colonial rule. This mobilization of the Asian peoples occurred through a collective regional identity established from cohesive cultural factors such as language, religion, geography and race. In discussing Asian identity, the book succeeds in bringing historical perspective to bear on approaches to regional cooperation and integration, as well as analyzing various utilizations and manifestations of the pan-Asian ideology. Pan-Asianism in Modern Japanese History provides an illuminating and extensive account of the historical backgrounds of current debates surrounding Asian identity and essential information and analyses for anyone with an interest in history as well as Asian and Japanese studies.




Overcoming Isolationism


Book Description

This book asks why, in the wake of the Cold War, Japan suddenly reversed years of steadfast opposition to security cooperation with its neighbors. Long isolated and opposed to multilateral agreements, Japan proposed East Asia's first multilateral security forum in the early 1990s, emerging as a regional leader. Overcoming Isolationism explores what led to this surprising about-face and offers a corrective to the misperception that Japan's security strategy is reactive to US pressure and unresponsive to its neighbors. Paul Midford draws on newly released official documents and extensive interviews to reveal a quarter century of Japanese leadership in promoting regional security cooperation. He demonstrates that Japan has a much more nuanced relationship with its neighbors and has played a more significant leadership role in shaping East Asian security than has previously been recognized.




The U.S.-Japan Alliance


Book Description

The U.S.-Japan Alliance: Past, Present, and Future explains the inner workings of the U.S.-Japan alliance and recommends new approaches to sustaining this critical bilateral security relationship.




The Four Little Dragons


Book Description

Vogel brings masterly insight to the underlying question of why Japan and the little dragons--Taiwan, South Korea, Hong Kong, and Singapore--have been so extraordinarily successful in industrializing while other developing countries have not.