November 8, 2012

Why Japan Still Matters

Carnegie Endowment for International Peace, Carnegie Endowment for International Peace

AP Photo

With Japan's lackluster economic growth and seemingly relentless political turmoil, it's easy to think that Tokyo's relevance is falling with no end in sight. But Japan remains a vital part of Asia and it will be a major player in shaping the region's future. The United States needs to remember Japan's importance.

It is true that the number of Japan optimists have thinned significantly over the last decade with their numbers ravaged by Japan's persistent economic stagnation and looming demographic crisis. Others have been converted or distracted by China's spectacular rise.

The reported disappearance of Japan's once-hopeful champions even prompted JPMorgan economist Jesper Koll to suggest he might be the last remaining optimist leftover from the plethora of scholars and...

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TAGGED: Japan, United States, China, Asia, Jesper Koll, East Asia, Natural Disaster, Tokyo

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