The topic this time is “Economic Security”.
I would like to share the insights of Dr. Jagannath Panda, a Research Fellow and Centre Coordinator for East Asia at the Manohar Parrikar Institute for Defence Studies and Analyses, New Delhi. Dr. Panda is also the Series Editor for Routledge Studies on Think Asia.
His title is: How Different Kishida's “Economic Security” Slogan Really is?
An extended period of quasi-emergency in Japan as it continues to struggle with managing the COVID pandemic has led to log-term strain on its economy, impeding plans for reopening the economy.
For Fumio Kishida, domestic handling of the coronavirus threat will hence directly impact Tokyo's international posturing and economic power.
His plan to handle the Japanese economy has hence sought to incorporate interventionist policies that generate growth under a form of ‘new capitalism'.
A key component of this outlook is the submission of a bill on economic security that is set to be presented by the government not long from now. This economic plan will also be likewise included as a priority in the 2022 National Security Strategy.
Amidst such maneuvering, what promise does Kishida's ‘economic security' hold?
How is it different from the earlier economic security strategy that Japan had introduced?
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