Reshaping US-Japan Economic Security Partnership in the Indo-Pacific - Essays by:

The emergence of “economic security” Before the outbreak of the global pandemic in 2020, trade imbalances in goods had been one of the biggest sources of friction between the United States and Japan. [...] 12 Testing the Bond of Shared Economic Security Interests Shared concerns of resilience and the value of trust Supply chains have emerged as a core and pressing element of the economic se- curity agenda for both the United States and Japan. [...] The conclusions that can be drawn from the Summit are that first and foremost of all, the advanced economies including Japan and the United States have recognized that China is a country with different values from those of the West and is attempting to change the current inter- national order. [...] The road to Japan’s Economic Security Promotion Bill Looking back at the evolution of the economic security debate, since the establishment of the National Security Secretariat in the Cabinet of Japanese Government in January 2014, the issues of land acquisition by foreigners, technol- ogy transfer through investment and acquisition of Japanese companies by foreign capital, and technology outflow. [...] A document released by the Cabinet Secretariat explains the purpose of the bill as the establishment of a basic policy and system to comprehensively and effectively promote economic measures to ensure security in light of the increasingly complex international situation.