Japan's New Regional Reality
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Saori N. Katada
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This important book provides a convincing account of the remarkable shift by Japan to lead regional initiatives for liberal economic policy. Katada melds theory and empirical tests to explain how state-led liberalism arose to replace mercantilist industrial policies with a new era of Japanese foreign economic policy. Looking inside domestic decision-making processes and reflecting on the challenge of China’s growing strength, the book offers a comprehensive synthesis.
Mireya Solís, author of Dilemmas of a Trading Nation: Japan and the United States in the Evolving Asia-Pacific Order:
At a time when the future of Asia is narrowly seen through the prism of U.S.-China great power competition, Katada persuasively demonstrates that Japan’s quiet transformation—less mercantilist, more champion of liberalism—will shape the regional order. Her command of the nuanced evolution of Japan’s foreign economic policy across diverse tracks—trade and investment, finance, and development aid—is unparalleled. Essential reading for anyone interested in Asian geoeconomics.
Saadia Pekkanen, editor of Asian Designs: Governance in the Contemporary World Order:
This book provides a much-needed analysis of changes in Japan’s regional economic strategy. In giving agency to the Japanese state, Katada makes a major contribution to our understanding not just of contemporary Japan, but of the region as a whole and the potential shape of the world order to come.
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