The Persistent Power of 1 Percent
Author: John C. Wright
Categories: Sasakawa USA Forum
Sasakawa USA Forum Issue No. 4
Among the choices that have complicated Japanese defense, one of the most consequential has been Japan’s self-imposed limit on national defense spending. Issued in 1976 and abolished in 1987, the impact of Japan’s decision to limit military spending to 1 percent of its gross domestic product (GDP) is still felt today. By examining Japan’s decision to impose a 1 percent limit on its own military spending, we can better understand current Asia-Pacific regional defense arrangements.
Tags: 1 percent, Asia, budget, cold war, Defense, defense budget, defense capability, defense spending, east Asia, Economy, GDP, influence, Japan, john c. wright, military, military spending, regional defense, regional security, Russia, sasakawa usa forum, SDF, security, self-defense forces, spending cap, spending limits, weapons, weapons acquisition
Reading Between the Lines of Abenomics 2.0
Author: Hayakawa Hideo
Categories: In-Depth with Nippon.com
Prime Minister Abe’s announcement of three new arrows to guide stage two of Abenomics took the nation by surprise. It signals a recognition that the first three arrows are not working, writes former BOJ Executive Director Hayakawa Hideo, and forebodes a major shift in monetary policy.
Tags: Abe, Abenomics, abenomics 2.0, approval ratings, birth rate, cpi, debt, deflation, Economy, elder care, fertility rate, fiscal policy, GDP, growth rate, inflation, investment, Japan, LDP, monetary policy, money, quantitative easing, Shinzo Abe, social security, work-life balance
In Japan, fiscal stimulus unlikely despite recession
Author: Barron's Asia
Categories: In the News
On the heels of news that the Japanese economy contracted by 0.8% in the third quarter, Prime Minister Shinzo Abe’s government is unlikely to consider stimulus measures, Sasakawa USA’s Tobias Harris told Barron’s Asia this week in an article by Shuli Ren. “The Abe government’s initial response to the GDP data was to minimize the
Tags: barron's asia, Economy, GDP, in the news, recession, Shinzo Abe, tobias harris
Japan’s fiscal strategy takes flexible approach to spending curbs
Author: Reuters
Categories: Daily Japan News
The Japanese government announced that, instead of implementing a binding cap, it would be flexible in curbing the increase in budget spending.
Tags: Abenomics, economics, Economy, fiscal policy, GDP, gdp growth, Japan, japanese economy, Shinzo Abe, yen