Across Europe, Russia’s invasion of Ukraine has spurred a rethink of virtually all dimensions of security, from defense to energy. The war’s likely effects on security in East Asia, especially in Taiwan and Japan, has received far less attention, but the coming transformation might turn out to be just as profound.
The Ukraine war, although far away, poses a substantial risk to East Asia. China is watching the conflict and the West’s response closely. If Russia pays a high price for its actions, with sanctions (which Japan has also imposed) enduring long enough to decimate its economy, China might
Takatoshi Ito, a former Japanese deputy vice minister of finance, is a professor at the School of International and Public Affairs at Columbia University and a senior professor at the National Graduate Institute for Policy Studies in Tokyo.
Across Europe, Russia’s invasion of Ukraine has spurred a rethink of virtually all dimensions of security, from defense to energy. The war’s likely impact on security in East Asia, especially in Taiwan and Japan, has received far less attention. But the coming transformation may turn out to be just as profound. The Ukraine war, though far away, poses a substantial risk to East
Over the last 30 years, the Japanese economy has suffered from several negative shocks, including the 1997-98 banking crisis and the 2011 Great East Japan Earthquake.