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Hands up, hands off: China blames U.S. for troubled relationship

Hands up, hands off: China blames U.S. for troubled relationship
japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.

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A last chance for the WTO?

The WTO has elected former Nigerian Finance Minister Ngozi Okonjo-Iweala as director general, filling a slot that had been vacant for half a year. ....

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Taiwan looms ever larger among Japan's security concerns

Feb 9, 2021
A deliberately opaque corner of Japanese security policy is this country’s relationship with Taiwan. Taiwan is vital to Japanese national security and, to put it delicately, a government in Taipei that makes its own decisions well serves Tokyo (as long as it doesn’t go too far).
At the same time, however, Japan has long sought a positive, cooperative relationship with China; and support for Taipei makes that much more difficult.
China-Taiwan relations have deteriorated in recent years and Trump administration policies have magnified tensions. Frictions are unlikely to diminish in a Biden administration.
In a recent virtual discussion among U.S. and Chinese scholars and experts, mainland participants warned that only days before there had been “a real crisis” that could have erupted in conflict. It will be increasingly difficult for Tokyo to navigate between Taipei, Washington and Beijing; and policy toward Taiwan will have to become mor ....

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Now they tell us: Austerity is out in a low-interest rate world

Feb 2, 2021
As a guiding principle for any profession or career, “first do no harm” is hard to beat. The Hippocratic oath comes to mind amidst reports that economists are rethinking orthodoxy about debt and public finance. After decades of warnings about unsustainable debt levels and a resulting push for austerity programs that inflicted untold harm on already suffering countries, the paradigm is shifting: A new consensus is emerging among academics that stimulus should be preferred to austerity.
This reassessment predates the COVID-19 crisis and is, in important ways, a reaction to the victory of austerity economics after the Great Recession of 2008-9. That crisis was extended because many Western governments embraced restraint rather than stimulus, and national economies sputtered as a result an outcome that may have produced even more damaging political consequences. ....

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Biden may struggle to calibrate his Asia policy

The first challenge for the new Biden team, made up of many veterans of the Obama administration, is to resist the instinct to resume where it left off four years ago. ....

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