India, Japan must enhance quality of economic cooperation: Jaishankar
External Affairs Minister S Jaishankar on Tuesday said India and Japan must consider ways to enhance the quality of their economic cooperation in a world under flux.
Shigeru Ishiba’s ascension to Japan’s top political position marks a critical moment for the nation, both domestically and internationally.
Shigeru Ishiba’s ascension to Japan’s top political position marks a critical moment for the nation, both domestically and internationally. After years of attempts and internal struggles, Mr Ishiba’s persistence has finally paid off, but his victory is more than just a personal milestone ~ it signals a potential shift in the direction of Japan’s ruling Liberal Democratic Party (LDP) and the country’s broader approach to governance and security. Mr Ishiba’s triumph in the leadership race reflects a growing sentiment within the party and the public. His appeal as a “lone wolf” stems largely from his readiness to challenge the status quo within the LDP, an institution long dominated by factions and political dynasties. This characteristic has garnered him significant public support, but it has also earned him enemies within the party.
By winning the leadership in what he has termed his “final battle,” Mr Ishiba has demonstrated the potential for reform and renewal within the LDP, a party that has been marred by recent scandals and declining popularity. One of the most immediate tasks on Mr Ishiba’s agenda will be restoring trust in the LDP. His victory followed the resignation of his predecessor, who was forced to step down due to political scandals. Mr Ishiba, by positioning himself as a reformist and a figure who values open discourse and transparency, has an opportunity to clean up the party’s image. His message of humility, fairness, and openness, if followed through, could go a long way in repairing the fractured trust between the public and the ruling party.
However, Mr Ishiba’s challenges go beyond party reform. Economically, Japan continues to struggle with stagnation, and Mr Ishiba will need to stimulate consumption and growth in the world’s fourth-largest economy. Despite the yen’s rebound on news of his victory, economic revitalisation will require more than a market reaction. Japan’s ageing population, coupled with rising costs, presents a long-term challenge that Mr Ishiba must tackle, while navigating a cautious approach to nuclear energy ~ an issue on which he has previously taken a critical stance. On the international front, Mr Ishiba’s focus on security is paramount. With growing tensions in East Asia, Japan finds itself surrounded by challenges from assertive neighbours like China, a nuclear-armed North Korea, and an increasingly confrontational Russia.
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Mr Ishiba’s call for bolstering Japan’s defences aligns with the nation’s need for a stronger security apparatus, especially in light of frequent incursions into its territorial waters and missile tests from North Korea. Moreover, his proposal to create an “Asian NATO” suggests an ambitious vision for regional security cooperation. This initiative, while contentious, highlights Mr Ishiba’s willingness to rethink Japan’s traditional defence posture. However, it is likely to face pushback from both allies and adversaries, and how Mr Ishiba navigates these diplomatic complexities will be key to his success on the global stage. How he tackles these issues will determine whether his leadership becomes a new chapter for Japan or simply a brief interlude
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