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  • Japan

    Economic Freedom in Japan: A Lot of Work Ahead

    This year marks the 20th anniversary of The Heritage Foundation’s Index of Economic Freedom. While Japan has dropped in its ranking in the Index of Economic Freedom, from 24th in 2013 to 25th in 2014, it still has a positive growth in economic freedom, allowing it to hold on to … More

    China’s Growing Navy

    China’s declaration of an air defense identification zone over Japanese-administered waters in the East China Sea and confrontation with an American guided missile cruiser is a useful reminder of China’s growing naval strength. In a recently released report, The Heritage Foundation noted that China’s navy is by far the largest … More

    Growing Tensions in the Air, Literally, over East Asia

    On November 23, the People’s Republic of China announced a new air defense identification zone (ADIZ) covering a large swath of the East China Sea. Most importantly, it covered the airspace over the disputed Senkaku islands. This move, effectively escalating tensions in Asia, led the United States to order two B-52s … More

    Promoting Economic Freedom in Asia: Time for Secretary Lew to Step Up

    U.S. Treasury Secretary Jack Lew is touring Asia this week. He will visit Japan, Singapore, Malaysia, and Vietnam and end with a much-anticipated visit to China. What should he be promoting while meeting with high-level officials in the region? Well, economic freedom, of course. Asia is home to some of … More

    Asia: What’s at Stake for America

    The Heritage Foundation’s Asian Studies Center recently released “A New View of Asia: 24 Charts That Show What’s at Stake for America,” an annual publication highlighting the critical importance of U.S.–Asia relations. The report documents in graphic form important economic, geographic, military, and political trends in the region and emphasizes … More

    Why Japan Should Reengineer Innovation

    The Japanese are good at innovation. It was their reengineering techniques that propelled them to a top world competitor in the 1980s. But since stagnation began 20 years ago, Japan’s skill of innovating is still only good. It needs to be great. Most economies can be categorized by four characteristics: … More

    U.S., Japan Break Up Private-Sector Collusion

    The “largest criminal investigation the Antitrust Division has ever pursued” in its 80 years of existence is continuing to unfold. The U.S. Department of Justice (DOJ) has just announced that an additional nine Japanese companies and two executives will plead guilty to price-fixing and bid-rigging targeted at auto parts sold … More

    Japan’s Revolving Door Tax

    Prime Minister Shinzo Abe is likely to increase Japan’s sales tax from 5 percent to 8 percent next year. Abe and his close ally Haruhiko Kuroda, head of the Bank of Japan, have long advocated for increasing Japan’s money supply by targeting a higher inflation rate in an attempt to … More

    Visiting Yasukuni War Memorial Stirs Controversy in Asia–Pacific

    August 15 marks the 68th anniversary of Japan’s surrender in World War II. It is also a day when some Japanese politicians pay respect to those who have died fighting in the service of Japan and whose souls they believe are housed at Yasukuni Shrine (literally translated “Shrine of a … More

    Dealing the Right Cards in Japan's Upper-House Shuffle

    On Sunday, Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP) took majority power in Japan’s upper house, giving his party majority control over both upper and lower houses. This presents an opportunity for the LDP to make the difficult changes necessary to turn its economy around and make it a … More