Japans Economic Dependence And Political Security Policy Toward China Since The Koizumi Administration
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Author | : Ms.Elif C Arbatli |
Publisher | : International Monetary Fund |
Total Pages | : 48 |
Release | : 2017-05-30 |
Genre | : Business & Economics |
ISBN | : 1484302362 |
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.
Author | : Victor Teo |
Publisher | : Springer |
Total Pages | : 249 |
Release | : 2019-04-08 |
Genre | : History |
ISBN | : 9811361908 |
This open access book assesses the profound impact of Japan’s aspirations to become a great power on Japanese security, democracy and foreign relations. Rather than viewing the process of normalization and rejuvenation as two decades of remilitarization in face of rapidly changing strategic environment and domestic political circumstances, this volume contextualizes Japan’s contemporary international relations against the longer grain of Japanese historical interactions. It demonstrates that policies and statecraft in the Prime Minister Shinzo Abe’s era are a continuation of a long, unbroken and arduous effort by successive generations of leaders to preserve Japanese autonomy, enhance security and advance Japanese national interests. Arguing against the notion that Japan cannot work with China as long as the US-Japan alliance is in place, the book suggests that Tokyo could forge constructive relations with Beijing by engaging China in joint projects in and outside of the Asia-Pacific in issue areas such as infrastructure development or in the provision of international public goods. It also submits that an improvement in Japan-China relations would enhance rather than detract Japan-US relations and that Tokyo will find that her new found autonomy in the US-Japan alliance would not only accord her more political respect and strategic latitude, but also allow her to ameliorate the excesses of American foreign policy adventurism, paving for her to become a truly normal great power.
Author | : Jun Tsunekawa |
Publisher | : |
Total Pages | : 200 |
Release | : 2009 |
Genre | : Asia |
ISBN | : |
Author | : Keisuke Iida |
Publisher | : Taylor & Francis |
Total Pages | : 186 |
Release | : 2017-07-06 |
Genre | : Political Science |
ISBN | : 1317311418 |
With the rise of China, Japan and many East Asian countries are caught between maximizing profit from economic ties with her, and strengthening alliances with the United States to prevent China from overpowering them. Liberals and realists thus debate over the likelihood of either security tensions easing up or economic interdependence getting reduced eventually. On the other hand, Iida introduces a new theory that reinterprets the relationship between state security and economic interdependence among countries in the Asia-Pacific region. Based on case studies of recent episodes in East Asia, and especially on the experiences of Japan, this book highlights an interesting dynamic between security and economic interdependence: risk avoidance. By understanding how risk avoidance affects the behavior of these countries in terms of security and economics, it becomes evident how they eventually settle into what Iida calls "Cool Politics" and "Lukewarm Economics".
Author | : Evan S. Medeiros |
Publisher | : Rand Corporation |
Total Pages | : 309 |
Release | : 2008 |
Genre | : Political Science |
ISBN | : 0833044648 |
China's importance in the Asia-Pacific has been on the rise, raising concerns about competition the United States. The authors examined the reactions of six U.S. allies and partners to China's rise. All six see China as an economic opportunity. They want it to be engaged productively in regional affairs, but without becoming dominant. They want the United States to remain deeply engaged in the region.
Author | : Sheila A. Smith |
Publisher | : Columbia University Press |
Total Pages | : 385 |
Release | : 2015-04-07 |
Genre | : Political Science |
ISBN | : 0231538022 |
No country feels China's rise more deeply than Japan. Through intricate case studies of visits by Japanese politicians to the Yasukuni Shrine, conflicts over the boundaries of economic zones in the East China Sea, concerns about food safety, and strategies of island defense, Sheila A. Smith explores the policy issues testing the Japanese government as it tries to navigate its relationship with an advancing China. Smith finds that Japan's interactions with China extend far beyond the negotiations between diplomats and include a broad array of social actors intent on influencing the Sino-Japanese relationship. Some of the tensions complicating Japan's encounters with China, such as those surrounding the Yasukuni Shrine or territorial disputes, have deep roots in the postwar era, and political advocates seeking a stronger Japanese state organize themselves around these causes. Other tensions manifest themselves during the institutional and regulatory reform of maritime boundary and food safety issues. Smith scrutinizes the role of the Japanese government in coping with contention as China's influence grows and Japanese citizens demand more protection. Underlying the government's efforts is Japan's insecurity about its own capacity for change and its waning status as the leading economy in Asia. For many, China's rise means Japan's decline, and Smith suggests how Japan can maintain its regional and global clout as confidence in its postwar diplomatic and security approach diminishes.
Author | : David Shambaugh |
Publisher | : Univ of California Press |
Total Pages | : 404 |
Release | : 2006-01-17 |
Genre | : Social Science |
ISBN | : 0520939026 |
The dynamics of international relations in Asia are undergoing broad and fundamental changes that are reverberating around the world. Primary among the catalysts of change in the region is the rise of China as the engine of regional economic growth, as a major military power, as a significant voice in regional diplomacy, and as a proactive power in multilateral institutions. With in-depth assessments by seventeen of the world’s leading experts on China’s foreign relations, this groundbreaking volume offers the most timely, up-to-date, and comprehensive analysis of China’s emerging influence on international relations in Asia. The contributors explore the various dimensions of China’s rise, its influence on the region, the consequences for the United States, and alternative models of the evolving Asian order. What emerges is a clear picture of China increasingly at the center of the regional web; while North Korean and Taiwan could erupt in conflict, the predominant trend in Asia is the creation of an extensive web of mutual interdependence among states and non-state actors. Providing the best overview we currently have of the changing political balance on the Asian continent, this accessible volume will be essential reading for anyone concerned with contemporary Asian affairs.
Author | : Utpal Vyas |
Publisher | : Routledge |
Total Pages | : 217 |
Release | : 2010-12-14 |
Genre | : Education |
ISBN | : 1136858962 |
Soft power is overlooked in the field of international relations, dismissed as lacking relevance or robustness as a theoretical concept. This book expands upon the idea of ‘soft power’ in international relations and investigates how soft power actually functions by looking at three case studies in Japan-China relations.
Author | : Indermit Singh Gill |
Publisher | : World Bank Publications |
Total Pages | : 386 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 082136748X |
An East Asian Renaissance, by a World Bank team led by Chief Economist for East Asia & Pacific, Dr Homi Kharas and Economic Adviser, Dr Indermit Gill is the first comprehensive analysis of the new forces and challenges at play in the region since the Bank's seminal report of 1993, The East Asian Miracle. The report argues that regional flows of goods, finance and technology are helping even smaller East Asian countries reap the benefits of economies of scale and that this regional integration must be encouraged. But it also points out that these measures have to be supported by actions at the domestic level to ease the stresses and strains that rapid economic growth leaves in its wake. East Asia must now turn to the urgent domestic challenges of inequality, social cohesion, corruption and environmental degradation arising from its economic success.
Author | : Robert G. Sutter |
Publisher | : Rowman & Littlefield |
Total Pages | : 447 |
Release | : 2012 |
Genre | : Political Science |
ISBN | : 1442211350 |
This comprehensive introduction to Chinese foreign relations examines the opportunities and limits China faces as it seeks growing international influence. Tracing the record of twists and turns in Chinese foreign relations since the end of the Cold War, Robert G. Sutter provides a nuanced analysis that shows that despite its growing power, Beijing is hampered by both domestic and international constraints. Newly revised, this edition features more extensive treatment of China s role in the international economy and greater discussion of its relations with the developing world. Overall, Sutter's balanced and thorough assessment shows China's leaders exerting more influence in world affairs but remaining far from dominant. Facing numerous contradictions and trade-offs, they move cautiously as they deal with a complex global environment."