Will size matter in Japan’s upper house election?

LDP candidate Junko Mihara, and LDP leader and Prime Minister of Japan Shinzo Abe, raise joined hands during a campaign event for July’s House of Councillors elections outside Sakuragicho Station on 27 June 2016. (Photo: AAP).

Author: Purnendra Jain, University of Adelaide

The 2016 triennial House of Councillors or upper house election is set to test Prime Minister Shinzo Abe’s policy and popularity. Although the House of Councillors is less powerful than the House of Representatives, past prime ministers have been forced to resign after poor electoral results in the upper house. Read more…

Three more arrows to revive the Japanese economy

Japanese Prime Minister Shinzo Abe shakes hands with supporters after he delivered a campaign speech ahead of the 10 July upper house election. (Photo: AAP).

Author: Shiro Armstrong, ANU

Prime Minister Abe is attempting to revitalise the Japanese economy after two decades of stagnant growth. In December 2012 he launched the reform program that became known as Abenomics, consisting of monetary policy aimed at reflating the economy, flexible fiscal policy with medium-term fiscal consolidation and structural reform. Read more…

Can Asia shield the world against Europe’s Brexit woes?

Prime Minister David Cameron speaks outside 10 Downing Street, London, where he announced his resignation after Britain voted to leave the European Union in an historic referendum. (Photo: AAP).

Author: Editors, East Asia Forum

The shock of Britain’s vote to exit the European Union (EU) will reverberate around the world for decades to come. And Asia isn’t immune. The direct effect on stock markets and exchange rates around the region is a modest harbinger, but that’s only the beginning. Brexit puts the future of the European enterprise and of the United Kingdom itself in doubt. Read more…

Is the Indian economy a pack of cards?

Raghuram Rajan, Governor of the Reserve Bank of India, reacts during a media conference in Mumbai on 2 February 2016. Rajan’s shock announcement last week that he will be stepping down raises doubts about the Indian government's commitment to structural reforms. (Photo: AAP).

Author: Editors, East Asia Forum

The surprise announcement last week that Raghuram Rajan, Governor of the Reserve Bank of India, was stepping down sent shockwaves around the world. Rajan, a brilliant academic who came from the University of Chicago to take up the appointment under the Singh government, was credited with stabilising the economy and turning inflation around. Read more…

No joy from Asian growth without supply-side reform

A Myanmar worker leans on a pile of cement bags on a boat near a jetty of Yangon river on 17 December 2014. Realising Asia’s growth potential requires ambition and the will within Asian polities to undertake the next round of reforms. (Photo: AAP).

Author: Peter Drysdale, ANU

The global economic outlook may be grim but it would be grimmer still but for Asian economic growth. There’s no dynamic growth pole anywhere else in the world and global uncertainties have increased around the rise of Donald Trump in North America and Brexit in Europe. Read more…

Can Modi deliver on Indian growth?

Indian Prime Minister Narendra Modi addresses the nation on the country's Independence Day in New Delhi, India. After two years of the Modi government, the Indian economy presents a mixed picture. (Photo: AAP).

Author: Rajiv Kumar, Centre for Policy Research

After two years of the Modi government, the Indian economy presents a mixed picture. Despite claims that it is the fastest growing large economy in the world, doubts linger about its actual health. Read more…

Demystifying Indian growth

Labourers carry wood piles for preparations of the Make In India summit in Mumbai, India. (Photo: AAP)

Author: Alok Sheel, Kerala

According to current IMF projections, India is now the fastest growing major economy in the world. In 2016, it is expected to grow over a full percentage point faster than China. This is a remarkable turnaround by any standard and especially impressive against the backdrop of a stagnant global economy.

Read more…