In spite of its many economic problems, Japan appears to have retained its ‘safe haven’ status because it has its own currency, it has low exposure to international debt and it does not have to rely on a foreign central bank. At a time when the country is at odds with its largest export market, China, over disputed islands, it appears to be turning away from its giant neighbour.

JAPAN left a very positive impression on the International Monetary Fund/World Bank summit in Tokyo in October 2012. It is perceived as an economic ‘safe haven’, similar to the US, Germany and Switzerland.

This is despite its continued procrastination over much-needed struct...

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Dr. Stefan Lippert
Given the dramatic scenes of violent anti-Japanese protests in major Chinese cities a few weeks ago, Tokyo did not have to prove that it is a close ally of Washington
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