CFR Presents

Asia Unbound

CFR experts give their take on the cutting-edge issues emerging in Asia today.

Posts by Category

Showing posts for "Japan"

Friday Asia Update: Top Five Stories for the Week of November 21, 2014

by Guest Blogger for Elizabeth C. Economy
China?s President Xi Jinping (L) listens as Australia's Prime Minister Tony Abbott speaks after a signing ceremony for a free trade deal at Parliament House in Canberra November 17, 2014. China and Australia on Monday signed a declaration of intent on a landmark free trade deal more than a decade in the making, opening up markets worth billions to Australia and loosening restrictions on Chinese investment. Xi is on a three-day official visit to Australia following the G20 leaders summit which was held in Brisbane over the weekend. REUTERS/David Gray (AUSTRALIA - Tags: POLITICS BUSINESS) China's President Xi Jinping (L) listens as Australia's Prime Minister Tony Abbott speaks after a signing ceremony for a free trade deal at Parliament House in Canberra on November 17, 2014. (David Gray/Courtesy Reuters)

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, Andrew Hill, Will Piekos, and Sharone Tobias look at the top stories in Asia today.

1. Japan slips into recession, dissolves lower house. New economic data released Monday morning showed that Japan had lapsed into recession, striking yet another serious blow to Prime Minister Shinzo Abe’s vaunted economic recovery policy and leading some to ask if this is the end of Abenomics. In a bid to win popular mandate for his economic policies, Abe announced he would delay a planned increase to the national sales tax and dissolve the lower house of Japan’s parliament. On Friday afternoon, lawmakers in the house of representatives chanted “Banzai!” as they disbanded. Snap elections are expected to take place in mid-December, and while Abe’s ruling Liberal Democratic Party may lose a number of seats, they are overwhelmingly expected to maintain their majority and could potentially increase their power. Read more »

Another Election in Tokyo

by Sheila A. Smith
Passers-by are reflected on an electronic board showing Japan's Nikkei stock average and the Japanese yen's exchange rate against the U.S. dollar (top) at a brokerage in Tokyo, November 17, 2014. Japan's Nikkei share average tumbled 2.6 percent to a one-week low on Monday morning after Japan's economy unexpectedly slipped into recession. Prime Minister Shinzo Abe has announced that he will postpone a planned consumption tax increase in an effort to stimulate Japan's economy. (Courtesy Reuters) Passers-by are reflected on an electronic board showing Japan's Nikkei stock average and the Japanese yen's exchange rate against the U.S. dollar (top) at a brokerage in Tokyo, November 17, 2014. Japan's Nikkei share average tumbled 2.6 percent to a one-week low on Monday morning after Japan's economy unexpectedly slipped into recession. Prime Minister Shinzo Abe has announced that he will postpone a planned consumption tax increase in an effort to stimulate Japan's economy. (Courtesy Reuters)

Snap elections are a staple of parliamentary democracy, and every now and then, ruling politicians decide that an election is needed to ensure that they continue to have a popular mandate if they change course. Prime Minister Abe has just announced he will dissolve the Diet on November 21, and hold a snap election in December to gain the Japanese public’s endorsement of his leadership of Japan’s economic recovery. Prompted by worse than expected economic results for the third quarter of this year, Abe has decided to postpone a second tax hike that would have raised the consumption tax to 10 percent, and instead focus on stimulating Japan’s economy. Read more »

Friday Asia Update: Top Five Stories for the Week of November 14, 2014

by Guest Blogger for Elizabeth C. Economy
Asia Pacific Economic Cooperation (APEC) nations' leaders and spouses pose for a family photo in Beijing November 10, 2014. REUTERS/Kevin Lamarque (CHINA - Tags: POLITICS) Asia-Pacific Economic Cooperation (APEC) nations' leaders and spouses pose for a family photo in Beijing on November 10, 2014. (Kevin Lamarque/Courtesy Reuters)

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, Andrew Hill, Will Piekos, and Sharone Tobias look at the top stories in Asia today.

1. Obama and Xi strike deals at APEC summit. The Asia-Pacific Economic Cooperation (APEC) forum proved remarkably productive for U.S.-China relations this week. U.S. President Barack Obama and Chinese President Xi Jinping jointly announced commitments to cut carbon emissions, and agreed to a reduction in tariffs on a range of technology products, to greater communication between their militaries in the Pacific, and to extend the duration of visas. Though these agreements are certainly a welcome change from years of stagnating relations, underlying issues still remain. China and the United States have fundamentally different visions of Asia’s security and trade architecture that are not easily reconciled. Read more »

Japan and China Get to Yes on an Abe-Xi Summit

by Sheila A. Smith
Former Japanese Prime Minister Yasuo Fukuda (L), chairman of the Boao Forum for Asia, meets Chinese President Xi Jinping at the Great Hall of the People in Beijing October 29, 2014. (Courtesy REUTERS/Kyodo News/Takaki Yajima/Pool) Former Japanese Prime Minister Yasuo Fukuda (L), chairman of the Boao Forum for Asia, meets Chinese President Xi Jinping at the Great Hall of the People in Beijing October 29, 2014. (Courtesy REUTERS/Kyodo News/Takaki Yajima/Pool)

On November 7, Japan and China revealed they had reached an understanding on their differences that would allow for a resumption of diplomacy. After several years of a virtual shutdown in bilateral talks, Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping are preparing to meet face-to-face at next week’s APEC meeting. Economic needs may be driving Xi, but strategic concerns are on the top of Abe’s agenda. Read more »

Friday Asia Update: Top Five Stories for the Week of November 7, 2014

by Guest Blogger for Elizabeth C. Economy
Fireworks explode over a screen displaying the APEC logo on the National Stadium, or the "Bird's Nest", during a rehearsal for the opening of the APEC Summit in Beijing, November 4, 2014. Picture taken November 4, 2014. REUTERS/Stringer (CHINA - Tags: POLITICS BUSINESS) CHINA OUT. Fireworks explode over a screen displaying the APEC logo on the National Stadium, or the "Bird's Nest", during a rehearsal for the opening of the APEC Summit in Beijing on November 4, 2014. (Stringer/Courtesy Reuters)

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, Andrew Hill, Will Piekos, and Sharone Tobias look at the top stories in Asia today.

1. Leaders gather in Beijing for Asia-Pacific Economic Cooperation (APEC) forum. A wide range of issues are expected to be addressed throughout the week of APEC meetings, an agenda perceived as tailor-made for China. One of the most important topics is the Free Trade Agreement of the Asia Pacific (FTAAP), an initiative critics fear will take momentum from Trans-Pacific Partnership (TPP) talks. With the aim of rebooting Asia-Pacific growth, Chinese officials also announced a series of economic measures, including more bank credit for high-tech imports and quicker approvals for meat and seafood shipments. Other items on the forum agenda include an anti-corruption transparency network, climate issues, and regional support for the Asian Infrastructure Investment Bank. Read more »

Not U.S. Isolationism, But a Rebalancing of Priorities and Means

by Scott A. Snyder
shangri la sideline U.S. Defense Secretary Chuck Hagel (center) join hands with Japanese Defense Minister Itsunori Onodera (left) and South Korean Defense Minister Kim Kwan-jin during a trilateral meeting on the sidelines of the 12th International Institute for Strategic Studies (IISS) Asia Security Summit: The Shangri-La Dialogue, in Singapore on June 1, 2013 (Edgar Su/Courtesy: Reuters).

The Chicago Council on Global Affairs 2014 survey released last month entitled “Foreign Policy in the Age of Retrenchment” reports that over 40 percent of Americans believe that the United States should “stay out” rather than take an active part in global affairs. But the survey also shows that over four-fifths of Americans believe that the United States should continue to show strong leadership in world affairs. Possibly the strongest counter-arguments for smart American leadership versus isolationism and retrenchment are expressed in poll results regarding American attitudes toward its alliances in Asia. This is an important finding because it shows growing American understanding of the importance of Asia and growing support for the strategic value of the U.S. rebalance to Asia. Read more »

Friday Asia Update: Top Five Stories for the Week of October 24, 2014

by Guest Blogger for Elizabeth C. Economy
Jeffrey Fowle (C) and his wife (R) are greeted by U.S. Air Force 88 Air Base Wing Commander Col. John Devillier upon arrival at Wright-Patterson Air Force Base in Ohio early on October 22, 2014 (Courtesy: Reuters). Jeffrey Fowle (C) and his wife (R) are greeted by U.S. Air Force 88 Air Base Wing Commander Col. John Devillier upon arrival at Wright-Patterson Air Force Base in Ohio early on October 22, 2014 (Courtesy: Reuters).

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, Andrew Hill, Will Piekos, and Sharone Tobias look at the top stories in Asia today.

1. North Korea releases U.S. prisoner. On Tuesday, Pyongyang released Jeffrey Fowle, one of three Americans currently detained in North Korea. Fowle, a fifty-six-year-old road maintenance worker from Ohio, was detained after he was found to have left a Bible in his hotel during a tour of North Korea; ownership of Bibles and missionary-related activities are illegal in North Korea. U.S. Secretary of State John Kerry said there was no deal made for Fowle’s release and urged Pyongyang to release the two other detainees, Kenneth Bae and Matthew Todd Miller. Read more »

Friday Asia Update: Top Five Stories for the Week of October 17, 2014

by Guest Blogger for Elizabeth C. Economy
Health workers in protection suits wait in the corridor near a quarantine ward during a drill to demonstrate the procedures of handling Ebola victims, at a hospital in Guangzhou, Guangdong province on October 16, 2014 (Courtesy: Reuters). Health workers in protection suits wait in the corridor near a quarantine ward during a drill to demonstrate the procedures of handling Ebola victims, at a hospital in Guangzhou, Guangdong province on October 16, 2014 (Courtesy: Reuters).

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, Andrew Hill, Will Piekos, and Sharone Tobias look at the top stories in Asia today.

1. Asia responds to Ebola crisis. In preparation for the possible spread of Ebola into East Asia, governments in the region are building on lessons learned from SARS and other Asia-based health epidemics, stepping up aid to Africa, and taking precautions at home. This week, China sent thousands of doses of an experimental Ebola drug to Africa. South Korean President Park Geun-hye announced she will send medical personnel to Africa. Read more »

Friday Asia Update: Top Five Stories for the Week of October 10, 2014

by Guest Blogger for Elizabeth C. Economy
Malala Yousafzai speaks during the Women of the World Festival (WOW) at the Southbank Centre in London on March 8, 2014 (Luke MacGregor/Courtesy: Reuters). Malala Yousafzai speaks during the Women of the World Festival (WOW) at the Southbank Centre in London on March 8, 2014 (Luke MacGregor/Courtesy: Reuters).

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, Andrew Hill, Will Piekos, and Sharone Tobias look at the top stories in Asia today.

1. Indian and Pakistani share Nobel Peace Prize; gunfire results in casualties in Kashmir. Kailash Stayarthi, an Indian activist against child labor and trafficking, and Malala Yousafzai, a Pakistani activist for girls’ education, jointly won the Nobel Peace Prize on Friday. At seventeen, Yousafzai is the youngest person to ever receive the prize. In unrelated news, Indian and Pakistani troops exchanged gunfire over their border in the divided region of Kashmir, resulting in the deaths of at least seventeen civilians and forcing thousands out of their homes. Each country blames the other for targeting civilians and violating a border truce that has largely held since 2003. Read more »

Friday Asia Update: Top Five Stories for the Week of October 3, 2014

by Guest Blogger for Elizabeth C. Economy
Protesters sit under umbrellas at a main street at Mongkok shopping district after thousand of protesters blocked the road in Hong Kong on October 1, 2014. (Tyrone Siu/Courtesy Reuters) Protesters sit under umbrellas at a main street at Mongkok shopping district after thousand of protesters blocked the road in Hong Kong on October 1, 2014. (Tyrone Siu/Courtesy Reuters)

Ashlyn Anderson, Lauren Dickey, Darcie Draudt, Andrew Hill, Will Piekos, and Sharone Tobias look at the top stories in Asia today.

1. Pro-democracy protests continue in Hong Kong. Pro-democracy protests have engulfed Hong Kong over the past week, focusing on China’s announcement that candidates for the 2017 election of Hong Kong’s leader will be selected by a pro-Beijing committee. In addition to the right to freely elect the city’s next leader, the demonstrators are demanding the removal of Hong Kong’s current chief executive, Leung Chun-ying, widely seen as Beijing’s lackey. Read more »