A feeling in the air

David Shambaugh, a China expert at George Washington University, has a straightforward op-ed in today's IHT that should serve as a wake-up call to Kasumigaseki.Shambaugh writes:Going forward, Washington must build on its successes, but it must also recalibrate its strategy to manage regional complexities. An effective American policy in such a complex region requires closer …

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The Matsuoka saga is far from over

As fallout from Matsuoka's suicide continues to spread — with an executive at J-GREEN, the MAFF agency under investigation for dispensing contracts to companies supporting Matsuoka, following Matsuoka to the grave — the probability of the Matsuoka/seiji to kane issue looming large over the Upper House elections seems to rise by the day.What was once …

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"An indispensable man of talent for agriculture administration"

Prime Minister Abe has given an official response to the suicide of MAFF Minister Matsuoka Toshikatsu — what Sankei Shimbun has dubbed a "shock" to Japan's political world. While all parties and players are shocked by the news, however, the uniform response seems to be that Matsuoka's suicide, coming on the heels of revelations about …

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Reading Packard on the US-Japan Mutual Security Treaty

On my way back to Japan, I began reading Protest in Tokyo, a classic account of the crisis surrounding the approval of the 1960 revision of the US-Japan Mutual Security Treaty by George Packard, president of the United States-Japan Foundation.As Prime Minister Abe forges ahead in his campaign to abandon the postwar regime, I think …

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Japan’s revenge

Over at Project Syndicate, Thomas Palley outlines the argument about how the yen carry trade is fuelling global asset bubbles — although Finance Minister Omi denies that Japan's low interest rates are the cause of the carry trade.Aside from rehearsing the standard arguments about how Japan's barely-over-zero interest rates contributes to global instability and the …

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