| 27 February 2006

Japan: ripe for re-assessment

In this new Perspectives, Malcolm Cook, Program Director Asia & the Pacific at the Lowy Institute, and Huw McKay, Senior International Economist at Westpac, argue that the conventional wisdom on Japan is outdated. Japan is experiencing three powerful transformations that are well entrenched and explain Japan’s revived economy, more assertive political leaders, and tougher international policy.Japanese corporate balance sheets have recovered boosting asset prices and credit demand. Political reforms have empowered individual political leaders and permitted Prime Minister Koizumi to be the most influential Japanese leader for decades. Japan’s international policy has responded by focusing more directly on the national interest and perceived threats to it. The new Japan creates new opportunities and challenges for Australia in the Asia Pacific. Ignoring these transformations risks missing the new opportunities and being surprised by the new challenges.Malcolm Cook , Huw McKay

  • Malcolm Cook
  • Huw McKay

In this new Perspectives, Malcolm Cook, Program Director Asia & the Pacific at the Lowy Institute, and Huw McKay, Senior International Economist at Westpac, argue that the conventional wisdom on Japan is outdated. Japan is experiencing three powerful transformations that are well entrenched and explain Japan’s revived economy, more assertive political leaders, and tougher international policy.Japanese corporate balance sheets have recovered boosting asset prices and credit demand. Political reforms have empowered individual political leaders and permitted Prime Minister Koizumi to be the most influential Japanese leader for decades. Japan’s international policy has responded by focusing more directly on the national interest and perceived threats to it. The new Japan creates new opportunities and challenges for Australia in the Asia Pacific. Ignoring these transformations risks missing the new opportunities and being surprised by the new challenges.Malcolm Cook , Huw McKay

  • Malcolm Cook
  • Huw McKay