Abstract
The tragedy of Japan in losing so many decades, economically speaking, whether through misfortune or carelessness as The Economist recently quipped, is well recognised. But what we tend to overlook are the implications for the region, and particularly regional security, in Japan’s economic decline. And the decline is well established. Japan has undoubtedly suffered throughout its lost decades from serious economic stagnation, consisting notably of low growth and deflation, expanding public debt, and rising inequality, amongst other things. The country has also suffered relative decline: as, say, compared to China’s rapid rise. Both stagnation and relative decline contain challenges for the region’s security architecture, because they influence the way Japan’s role in the region is perceived and also the way in which Japan itself behaves.
Original language | English |
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Pages (from-to) | 1 |
Journal | EAF Forum of Emerging Scholars 2010 Proceedings |
Publication status | Published - 2010 |
Event | East Asia Forum of Emerging Scholars - Canberra Australia, Australia Duration: 1 Jan 2010 → … |