Category: Asia-Pacific

Home » World » Asia-Pacific » Page 2
Japan’s deflated record on monetary policy
Post

Japan’s deflated record on monetary policy

Author: Willem Thorbecke, RIETI Japan has used monetary policy to stoke inflation since Shinzo Abe became prime minister in 2012. But as inflation exceeds 8 per cent in the United States and Europe and 10 per cent in the United Kingdom, Japanese inflation averaged less than 2 per cent between January and July 2022. The...

Abe’s death reignites religion and state debate
Post

Abe’s death reignites religion and state debate

Author: Ernils Larsson, Uppsala University The assassination of Japanese former prime minister Shinzo Abe on 8 July 2022 brought to light the role that religious organisations play in Japanese politics. While the Unification Church was not directly involved in the incident, Abe’s shooter is outspoken about being motivated by the ties between Abe and the...

Ardern’s popularity abroad belies trouble at home
Post

Ardern’s popularity abroad belies trouble at home

Author: Gary Hawke, Wellington Internal and external evaluations often differ in politics. Occasional appearances by political leaders overseas do not reflect the continual grind of local challenges and political rivalry. New Zealand’s Prime Minister Jacinda Ardern benefitted from her image as a personable and articulate woman and gained support when she combined political office with...

Japan’s monetary policy peculiarity
Post

Japan’s monetary policy peculiarity

Author: Sayuri Shirai, Keio University The Bank of Japan’s (BOJ) monetary policy framework has been characterised by yield curve control since 2016. That involves the stabilisation of the 10-year government bond yield — the cost of borrowing for the Japanese government — at around zero per cent and a so-called negative interest rate policy in...

Myanmar’s civil war meanders onward
Post

Myanmar’s civil war meanders onward

Author: Mikael Gravers, Aarhus University 18 months after the Tatmadaw seized power, General Min Aung Hlaing and the junta are not inclined to negotiate with the National Unity Government (NUG) and the resistance he describes as ‘terrorists’. ASEAN’s five-point peace plan for the country is a failure and China merely worries about its investments in...

Washington shores-up friends in the semiconductor industry
Post

Washington shores-up friends in the semiconductor industry

Authors: Robyn Klingler-Vidra, KCL and Yu-Ching Kuo, Kaohsiung The importance of semiconductors to economic security adorned newspaper headlines in 2022. As part of its technological competition with China, the United States has introduced a policy of ‘friendshoring’ its semiconductor production to secure its supply of high-end chips that enable daily life and stock the inventory...

Japan’s dependability in Asia
Post

Japan’s dependability in Asia

Author: Ryo Sahashi, University of Tokyo The globalised world is suffering and the liberal international order is at risk. The pandemic and US–China technology rivalry are eroding transnational production and labour mobility networks. Democracies are in retreat in a growing number of countries where authoritarian leaders are undermining political institutions. The Russian invasion of Ukraine...

Church drama is a dilemma for Kishida
Post

Church drama is a dilemma for Kishida

Author: Levi McLaughlin, NCSU On 14 July 2022, Japanese Prime Minister Fumio Kishida announced plans to hold a state funeral for his predecessor Shinzo Abe, who was gunned down while campaigning for the Liberal Democratic Party (LDP) on 8 July. In the weeks that followed, this funeral plan grew unpopular. A surge of revelations flooded...

Vietnam fights for foreign investors
Post

Vietnam fights for foreign investors

Authors: John Walsh, Krirk University, Trung Quang Nguyen and Burkhard Schrage, RMIT Vietnam Foreign direct investment in Vietnam continues to increase, rising from US$11.57 billion in July to US$12.8 billion in August 2022, signalling the country’s recovery from COVID-19. The growth is partly due to Hanoi’s consistent efforts to provide a safe and welcoming environment...

Abe’s state funeral sours Kishida’s popularity
Post

Abe’s state funeral sours Kishida’s popularity

Author: Jiro Yamaguchi, Hosei University The assassination of former Japanese prime minister Shinzo Abe has shed light on a concerning relationship between the Unification Church and the ruling Liberal Democratic Party (LDP). The suspected assassin, Tetsuya Yamagami, harboured a grudge against the church because of the significant donations made by his mother that left his...