Author: Kevin Placek, Melbourne
Having ruled Japan for the better half of a century, it is no surprise that the Liberal Democratic Party (LDP) has found it difficult to adapt to its role as Japan’s major opposition party.
But with the prospect of further political gridlock, it may be time for the LDP to reconsider its strategy. Read more…
Author: Norifumi Namatame, ANU
After North Korea tested its Taepodong I missile in 1998 over Japanese airspace, Japan made the decision to develop its ballistic missile defence (BMD) system in cooperation with the US.
The system comprises a mid-course phase (upper-tier) Standard Missile 3 Bloc IA system loaded onto four Aegis ships, and a 16-unit terminal phase (lower-tier) Patriot PAC-3 defence system, which has been deployed to four sites on Japanese soil. Read more…
Author: Michael Cucek, MIT Centre for International Studies
Japanese Prime Minister Yoshihiko Noda reshuffled his cabinet on 13 January, prior to the 24 January opening of the Diet’s regular session.
The reshuffle was preordained; the opposition-dominated House of Councillors censured two of Noda’s cabinet ministers on the last day of the extraordinary session last year. Read more…
Author: Shigeki Hakamada, Aoyama Gakuin University
Still months out from Russia’s March 2012 presidential election and it is virtually certain that Vladimir Putin will return to the presidency.
Significantly for Asia, Putin called for the creation of a Eurasian Union shortly after announcing his intention to run. The plan, unveiled in a newspaper article on 4 October, is to achieve EU-style economic integration based on Russia’s customs union with Kazakhstan and Belarus that would eventually encompass the whole Commonwealth of Independent States (CIS). Read more…
Author: Peter Drysdale, Editor, East Asia Forum
China’s spectacular industrial growth has been associated with equally spectacular growth in Chinese energy and resource consumption.
While Chinese energy efficiency (the amount of GDP produced per unit of energy consumed) has risen steadily, except for a few years early this decade, aggregate energy consumption has been lifted by a hugely energy-intensive phase of industrialisation and the spread of motorised transportation on a scale and at a speed that is unprecedented anywhere. Read more…
Author: Shiro Armstrong, ANU
East Asia’s pursuit of policy strategies of openness to trade and investment have resulted in its being economically one of the world’s most internationally-integrated regions — both intraregionally and towards the rest of the world.
Read more…
Author: Andy Yee, Hong Kong
Geopolitical tensions continue to simmer in the South China Sea after the Obama administration’s declaration last year of a US ‘return to Asia’ stirred up regional dynamics.
Now, non-claimant states India and Japan are entering into the fray. Read more…
Author: Corey Wallace, University of Auckland
Public debate surrounding Japan’s proposed entry into the Trans-Pacific Partnership (TPP) remains as heated and confused as ever.
The rhetoric is far-ranging: while some maintain that Japan risks being permanently left behind economically should it fail to negotiate entry into the TPP, others suggest that Japan’s government is agreeing to effectively cede sovereignty and sacrifice its agricultural sector for the sake of diplomatic cordiality. No one really knows what the TPP will mean for Japan, but little recognition is given to this fact. Read more…
Author: Jithin S. George, National Maritime Foundation
Japan received bids from Boeing, Lockheed Martin and BAE Systems to replace its outdated F-4 fighter jets on 27 September 2011, as part of a plan to buy 40–50 fighter jets in a deal worth more than US$6 billion.
Japan intends to add the new aircraft to its fleet by 2016. Read more…
Author: Aurelia George Mulgan, UNSW Canberra
The Japanese government’s new policy reform plan, Basic Policy and Action Plan for the Revitalisation of Our Country’s Food and Agriculture, Forestry and Fisheries, (published 25 October) does little to promote agricultural trade liberalisation.
While containing a number of reform proposals designed to expand the scale of farming and facilitate agricultural land transfers, the plan fails to address the most important issue of all: reducing direct income subsidies to small-scale farms. Read more…
Author: Christopher Findlay, University of Adelaide
Commentators on these pages have been pondering the implications of the Fukushima explosion on Japan’s energy policy and its strategy for international purchases.
Samuels suggests an extensive re-examination of energy policy in Japan and a possible shift toward renewable energy. Read more…
Author: Jane Golley, ANU
Australia’s opposition leader, Tony Abbott, who, if the polls are to be believed would win a handsome victory and become Australia’s next prime minister if an election were held today, has advanced some views that have baffled and disturbed the Australian policy and business community (including senior members of his own front bench) over the past week or two.
Among them, on foreign economic policy, he appears to be backing away from Australia’s key economic relationship with China in favour of ramping up the relationship with Japan. Read more…
Author: Jeffrey Frankel, Harvard University
All of a sudden, the Chinese renminbi is being touted as the next big international currency.
It has begun to internationalise along a number of dimensions in the last year or two: an RMB-denominated bond market has grown rapidly in Hong Kong, as well as a market in RMB-denominated bank deposits. Read more…
Author: Shiro Armstrong, ANU
Australia at last is taking up the challenge of comprehensively thinking through its new strategic circumstance in Asia, and taking Asia seriously.
On 28 September, Prime Minister Julia Gillard gave a timely and important speech to launch a new White Paper on Australia in the Asian Century. Read more…
Author: Micah Burch, University of Sydney
Much was made (in tax treaty circles, at least) three years ago when the OECD included in its model tax treaty a provision requiring arbitration.
The controversial provision (Article 25(5) of the OECD Model Tax Convention on Income and on Capital (2003)) requires states to arbitrate tax disputes arising under the treaty if they remain unresolved after two years of negotiation between the competent authorities. While arbitration is a generally accepted facet of international commercial dispute resolution worldwide, dispute resolution under bilateral tax treaties is relatively undeveloped. Read more…