{"id":25639,"date":"2016-03-31T14:20:57","date_gmt":"2016-03-31T03:20:57","guid":{"rendered":"http:\/\/www.aspistrategist.ru\/?p=25639"},"modified":"2016-03-31T14:35:21","modified_gmt":"2016-03-31T03:35:21","slug":"the-regional-implications-of-peak-japan","status":"publish","type":"post","link":"https:\/\/www.aspistrategist.ru\/the-regional-implications-of-peak-japan\/","title":{"rendered":"The regional implications of \u2018Peak Japan\u2019"},"content":{"rendered":"
<\/p>\n
Recent changes in Japanese security policy have been applauded as \u2018<\/span>the biggest revisions in the country\u2019s defense policy since adoption of the 1947 constitution\u2019.<\/span><\/a> There is a new National Security Council, a <\/span>National Security Strategy<\/span><\/a>, a <\/span>National Secrecy Law<\/span><\/a>, new <\/span>National Defense Program Guidelines<\/span><\/a>, <\/span>reinterpretation of the Constitution to permit Japan to exercise the right of collective self-defense<\/span><\/a>, new <\/span>US-Japan bilateral defense guidelines<\/span><\/a>, and security legislation that turns those documents into deliverables. That legislation took effect this week.<\/span><\/p>\n Alarmists worry about a resuscitation of Japanese militarism. More sensible and discerning assessments point out that these changes are evolutionary and adaptations to changing circumstances, \u2018<\/span>a small, yet essential, step for Japan as it travels the path of a normal security policy<\/span><\/a>\u2019. Amidst the handwringing and back slapping, little attention is being paid to structural factors that conspire to limit Japan\u2019s capacity to sustain a higher and more expansive hard-security profile. Japan\u2019s demographic trajectory and the inability of Abenomics to gain traction mean that Tokyo\u2019s international influence is likely to be at its apogee, and will level off and eventually decline. Tokyo won\u2019t be irrelevant, but we may well be witnessing \u2018Peak Japan\u2019.<\/span><\/p>\n When he returned to the Prime Minister\u2019s Office in 2013, Shinzo Abe made clear that he understood that the future of his administration and his Liberal Democratic Party, along with Japan\u2019s international status and standing, rested on <\/span>economic recovery<\/span><\/a>. He developed a radical program, dubbed \u2018<\/span>Abenomics<\/span><\/a>\u2019 that would provide the foundation for assertive diplomacy and forward-leaning security policy. Three years on, the verdict is <\/span>mixed<\/span><\/a>: Abenomics\u2019 targets haven\u2019t been hit and economists fear they remain well beyond reach. Growth is stagnant or slow, productivity gains limited and debt continues to expand.<\/span><\/p>\n