Reports of Urs Schoettli
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Japan opts for another round of fiscal stimulus
Japan is looking for ways to reduce its public debt, currently worth more than 200 percent of its GDP. Prime Minister Shinzo Abe has managed to raise the consumption tax, but the government’s budget for this year still relies on social programs to alleviate demographic limitations and convince consumers to ...
Leadership Challenges 2020: Japan’s unique social contract
While Japan has known prosperity and stability under the leadership of longtime Prime Minister Shinzo Abe, it faces demographic challenges that will require difficult decisions. Social cohesion is of the highest importance for the Japanese and many see immigration as a threat, but the rapidly dwindling population will need to ...
Scenarios for the legacy of Shinzo Abe
Shinzo Abe, Japan’s longest-serving prime minister since the end of World War II, has made a huge imprint on his country’s politics, especially through “Abenomics” and his drive to beef up defense capabilities. His eventual successor will have a host of domestic challenges to overcome, including a growing demographic imbalance ...
Japan accelerates and expands its defense preparations
For seven decades after World War II, Japan was comfortably ensconced in a geopolitical framework that seemed both stable and predictable. With the rise of China and, more recently, new responses from the United States to economic and geopolitical challenges, this framework is evolving. More than ever in the postwar ...
Instability in East Asia: Trade clash between two U.S. allies
By imposing economic sanctions on South Korea, Japan establishes a dangerous precedent. At times when countries neighboring North Korea should be strengthening their ties and establishing transnational security cooperation, the conflict between Tokyo and Seoul could ultimately weaken the region and provoke North Korean adventurism.
Japan’s mercantilism in the spotlight again
With his focus on the trade dispute with China and several other fronts opened, U.S. President Donald Trump has been lenient in his criticism of Japan’s mercantilism. If he wins a second term in office, however, he may change tack and slap tariffs on, for example, Japanese cars – a ...
The enduring value of Japan’s emperor
Though Japan’s emperor holds no political power, he is much more than a figurehead: he is an essential part of Japan’s social contract. The monarchy has provided important stability and unifies the country’s social structure. With Japan facing several serious challenges, its new emperor will play a key role in ...
Trump-Kim summit game squeezes South Korea’s president
Spare a moment to consider the plight of South Korean President Moon Jae-in. In the three-way negotiation between Pyongyang, Washington and Seoul about denuclearizing the Korean peninsula, Mr. Moon has perhaps the most sensible policy and is certainly the most predictable player. Yet he is entirely overshadowed by his mercurial ...
