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.

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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.

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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

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