Two years have passed since Japanese Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP) won Japan’s last general elections with a landslide. Abe, so it seems, is firmly in the saddle to lead the world’s third biggest economy. To be sure, the years ahead will be testing Abe’s leadership skills. He will be confronted with an increasingly assertive China challenging Asia’s maritime territorial boundaries in the East and South China Seas and with a new U.S. President, who on the campaign trail announced to want (much) more from Japan in terms of burden–sharing for Asian security.
Japan’s (relatively) new government is arguably doing (much) better than its critics inside and outside of Japan anticipated when the Liberal-Democratic Party (LDP) Prime Minister Shinzo Abe took over power last December.
Japan’s (relatively) new government led by Prime Minister Shinzo Abe has got a very ambitious economic and monetary policy agenda. Since Abe took office last December, he adopted a massive economic stimulus package while convincing Japan’s central bank (the Bank of Japan, BoJ) to support and help adopting his plans to achieve 2 per cent inflation through am enormous quantitative easing program.
The American pivot to Asia, the increasing military capabilities of China’s People’s Liberation Army (PLA) and the growing threat posed by the nuclear and ballistic program of the Democratic People’s Republic of Korea (DPRK), have accelerated the evolution of the US-Japan alliance that had started after the end of the Cold War.
The LDP is back. After three years in opposition, the Liberal-Democratic Party led by the party’s president Shinzo Abe won an impressive landslide victory in Japan’s general elections on December 16. The LDP won 294 seats in the Lower House (the parliament’s first chamber) while its coalition partner the New Komei Party won 31 seats in the Lower House. The governing coalition’s strength exceeds 320 seats, more than two-thirds of the total seats in the chamber.
While the international press did not cover China’s foreign and security policies as priority issues on the agenda of Beijing’s new leadership, China’s incoming leadership under President Xi Jinping is nonetheless charged with the challenge to explain and formulate how Xi and his entourage are planning to deal with the country’s allies and rivals in and beyond the region.