Since World War Two, Japan has relied almost exclusively on the United States for its security framework to counteract China’s attempt at hegemony in the Asia-Pacific region. Today, right wing Prime Minister Shinzo Abe makes mutual security arrangements with India, Australia and Indonesia as he refuses to acknowledge the horror of Japan’s militaristic past. Sheila Smith tells Jim that the US must craft a new policy to manage the Japan relationship.
The CFR Japan expert defines what is meant by the “pivot” and compares Japanese Internet freedom with China’s crackdown on free expression. She tells Jim of Japan’s recovery from the March 11 “triple disasters”, Prime Minister Noda’s dramatic December trips to Beijing and Delhi, how Japan will manage its security concerns with North Korea, and what this all means to United States interests in the region.
Before there was a debt crisis in Europe, the Japanese banks had their own problems with non performing loans. Gillian Tett of London’s Financial Times and Japanese banker Mat Nagato tell Jim Zirin how Japan solved its banking crisis in ways that should be lessons learned for the Eurozone.
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