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Japan

WHAT'S NEXT?: The latest sign of weakness in Japan's economy will likely add to mounting skepticism about the prime minister's expansionary policies. His coalition government has just achieved the supermajority it needs to amend the constitution which many are worried that Japan is about to remove the mask of pacificism and convert its "Self-Defense Force" into the military threat it really is.

[New] The agreement between Japan and the US sends an important signal that Tokyo sees Beijing as an existential threat to Taiwan.
[New] The United States is the largest spender in the domain with China, India, Russia, Saudi Arabia, Japan, and South Korea anticipated accounting for the bulk of spending.
[New] The FSA and the BOJ have recently been enhancing cooperation in overseeing Japan's banking sector to avoid overlaps in inspections and address new risks that emerge as markets become globalized.
[New] The major exception to the main global divide will be the many COVID zero nations in Asia-Pacific, notably Japan, China, South Korea, Taiwan, Vietnam, Australia, and New Zealand.
[New] Taiwan will have to navigate ICT supply chain movement to Southeast Asia over cost considerations, raising the importance of advantages in R&D and strategic ties with the United States and other allies.
[New] With the Regional Comprehensive Economic Partnership (RCEP), the ten ASEAN countries together with Japan, China, South Korea, Australia and New Zealand will establish the largest free trade area in the world.
[New] In the greater East Asia region, consisting of Japan, South Korea, China and the Association of Southeast Asian nations, economic integration via trade, investment, supply chains and digital connectivity will accelerate.
[New] Both Britain and the euro zone will take longer to recover from the economic hit from coronavirus than the United States or Japan, which are both on track to return to pre-crisis levels of output in 2021.
[New] Perceiving the threat for a supply chain risk during the Covid pandemic, Japan decided to splurge big on subsidies to promote Japanese supply chain in ASEAN.
[New] The Shimane Prefectural Government will do everything in its power to prevent the spread of infections, strengthen medical systems, and revive the damaged local economy, while closely coordinating with the Government of Japan, local governments, and medical institutions.
[New] More export opportunities and more advanced tech partnerships - if the UK follows the digital trade policy standards set in the trade agreements with Japan and the EU in future trade negotiations.
[New] Japan considers China's growing activity to be a security threat and opposes Beijing's claim to the Japanese-controlled Senkaku Islands, called Diaoyu in China, in the East China Sea and its increased activity in the disputed area.
[New] China will dominate the headline numbers, but the USA, UK, South Korea and Japan will also be among the fastest to make 5G services widely available to consumers and enterprises.
[New] The Biden administration has stepped up efforts to bolster cooperation with allies South Korea and Japan, focused on China's growing influence and the North Korean nuclear threat.
[New] The United States, Canada, China, Germany, The United Kingdom, Japan, France, and a few others are lucrative markets for serological transplant diagnostics, and are expected to dominate throughout the forecast period.
[New] The Biden administration approach, for now, is a familiar one - to use the threat of North Korea to push Japan and South Korea back into some kind of functional relationship.
[New] Japan and the United States will cooperate on the supply of critical parts for chips, aiming for an agreement when the leaders of both countries meet later this month.
[New] SMN1 will plan to build regional project communities in South Korea, Japan, Singapore, India, Europe and the United States and other regions, which will gather SMN1 project users and technical elites from all over the world to jointly maintain the development of SMN1 project.
[New] France will participate in joint military drills in Japan along with host Japan and the United States for the first time next month.
[New] The United States could aim to encourage friends and allies to create and expand similar types of efforts, such as India and Japan's cooperation on unmanned ground vehicles.

Last updated: 10 April 2021

Japan

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