No.49 | Discuss Japan-Japan Foreign Policy Forum

Archives : No.49

Aug 2018

No.49
Economy ,No.49  Sep 02, 2018

Can we learn from history, or do we simply repeat history?—Trump’s trade policy from an economics perspective

When similar events occur In his book Manias, Panics, and Crashes: A History of Financial Crisis, C. P. Kindleberger, the economic historian who analyzed the history of financial crises, adopts quite a gloomy historical perspective on the interactions between economic systems and people. Bubbles occur when mania (hyper-optimism) becomes prevalent in society. However, bubbles will burst at some point, causing panic and, in the end, plunging economic systems into collapse and panic. Have we not been through these processes any number of times in the modern era? Such hyper-optimism suggests a social climate where the prevalent economic behavior is excitable, yet relaxed about reckless borrowing and lending, believing all will be well. The pattern of manias, panics, and crashes applies unchanged to the collapse of the bubble economy in Japan in the late 1980s, the United States at the time of the Lehman Brothers ... ... [Read more]

Diplomacy ,No.49
Aug 20, 2018

Celebrating the 40th anniversary of the Treaty of Peace and Friendship between Japan and the People’s Republic of China

Introduction To commemorate the year 2018, which marks the 40th anniversary of the Treaty of Peace and Friendship between Japan and the People’s Republic of China, I am tasked with reviewing the last four decades of Japan-China relations. As my field of study is the history of Japanese politics and diplomacy, I am not familiar enough with Chinese affairs or the present situations between the two countries to evaluate them. Nor am I entitled to make comments on the future of Japan-China relations. All I can do is to finish the assigned task. Having said that, I will turn my thoughts toward the future in this essay, giving a general picture of the last four decades and drawing some lessons out of it. I would like to do so in this anniversary year with two specific aims. Firstly, I would like to underline how ... ... [Read more]