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

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 U...

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Bibliographic Details
Main Author: Katada, Saori N.
Format: eBook
Language:English
Published: New York, NY Columbia University Press 2020, ©2020
Series:Contemporary Asia in the World
Subjects:
Online Access:
Collection: DeGruyter MPG Collection - Collection details see MPG.ReNa
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505 0 |a Frontmatter -- Contents -- Figures and Tables -- Japanese Terms -- Acknowledgments -- Acronyms -- Introduction -- CHAPTER I. Japan’s Regional Geoeconomic Strategy -- CHAPTER II. Foreign Economic Policy, Domestic Institutions, and Regional Governance -- CHAPTER III. Geoeconomics of the Asia- Pacific -- CHAPTER IV. Transformation in the Japanese Political Economy -- CHAPTER V. Trade and Investment -- CHAPTER VI. Money and Finance -- CHAPTER VII. Development and Foreign Aid -- Conclusion -- Notes -- Bibliography -- Index 
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520 3 |a 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.