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In the September 2007 Issue
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TOKYO INSIDELINE New cabinet not so new |
DEFENSE POLICY DPJ debates overseas deployments |
SECURITY ROUNDTABLE Richard Samuels and Kenneth Pyle on policy transitions |
ECONOMIC OUTLOOK Japan fallout from US credit woes |
INTERVIEW Joseph Stiglitz on Japan's "third way" |
FOREIGN POLICY Zbigniew Brzezinski on Bush and American credibility |
TOKYO INSIDELINE
New cabinet not so newBackward, march!
By Takao Toshikawa
When in trouble, try the past. That seems to be the principle that guided Prime Minister Shinzo Abe in appointing his new cabinet on August 28.
On the edge of a cliff after the Liberal Democratic Party's (LDP) devastating loss in July Upper House elections, Abe gambled that he could save his tottering government by emphasizing experience and stability in his new lineup. Even without the financial scandals that have already hit two of the new ministers so soon after appointment, forcing one to resign, the new cabinet was unlikely to have captured the public’s imagination. Now, there is little to no chance.
Still, Abe tried. The cabinet’s approval rating rose 10 percent over its predecessor soon after Abe’s announcement. But a majority still wants Abe to resign. His government remains mired in political quicksand, with no escape in sight.
[Read More...]
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| DEFENSE POLICY
DPJ debates overseas deploymentsInsecurity By Yoshisuke Iinuma
Japan is engaged in an intense debate
over international military deployments,
the terms of which became
starkly clear last August 8.
Just days after the Democratic Party of
Japan’s landslide victory in Upper House
elections, US Ambassador J. Thomas
Schieffer visited DPJ President Ichiro
Ozawa at party headquarters to ask him not
to oppose extension of the Antiterrorism
Special Measures Law. Under the law, the
Maritime Self-Defense Force (MSDF) has
been dispatching supply ships to the Indian
Ocean since late 2001. The law allows provision
of fuel and water to the vessels of
nations engaged in efforts to root out terrorists
in Afghanistan. Failure to extend the
expiring law by November 1 would compel
the MSDF supply ships and their destroyer
escorts to return to Japan, leaving gaps in
the refueling mission.
Schieffer told Ozawa, “Japan can not
only contribute to international security, but
also to its own security.” Ozawa bluntly
replied, “The war in Afghanistan is
‘America’s war on terror,’ which America
launched without waiting for international
consensus. Japan cannot dispatch troops to
this kind of war.”
Ozawa’s brusque ‘no’ to Schieffer stunned
Japan’s political world, not to mention US
officials.
[Read More...]
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ECONOMIC OUTLOOK
Japan fallout from US credit woesNo ‘decoupling’ By Richard Katz
There has been a lot of talk lately that
Japan is “decoupling” from the US
economy. If this were true, Japan’s
recovery could forge ahead even if the US
economy stumbled. However, we see few
signs of “decoupling.” On the contrary, the
turbulence in Japan’s financial markets
unleashed by the US credit crisis underscores
the links in dramatic fashion.
Moreover, Japan’s current economic
recovery is more dependent on US growth
than any recovery in decades. That’s because
the recovery is extraordinarily dependent on
exports. While Japan is shifting its exports
from the US to Asia, Japan’s ability to export
to Asia hinges on Asia’s own ability to
export to the US.
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