1/ Quite a week for Abe - notches up record as longest continuous tenure as Japan PM (nearly 8 years) on Mon, announces plan to resign on Fri. Longevity at very top rare in JP—Abe is 10th PM since 2000 (inc Abe’s 2006/07 stint). So his record will stand for a while...
2/ ...but what does Abe have to show for his PM longevity?
Domestic policy record mixed:
1. No constitutional reform—a flagship policy
2. Two of three Abenomics “arrows” missed their mark—structural economic weakness persist, low productivity; deflationary pressures linger...
Domestic policy record mixed:
1. No constitutional reform—a flagship policy
2. Two of three Abenomics “arrows” missed their mark—structural economic weakness persist, low productivity; deflationary pressures linger...
3/ ...
3. Some progress on third arrow, fiscal reform, but blown off course by covid. JP public debt/GDP w top an eye-popping 250% in 2020
4. Negative demographic pressures persist->record JP population decline in 2019, down 500k...
3. Some progress on third arrow, fiscal reform, but blown off course by covid. JP public debt/GDP w top an eye-popping 250% in 2020
4. Negative demographic pressures persist->record JP population decline in 2019, down 500k...
4/ ...Abe’s foreign/security policy & institutional legacy clearer:
1. Kept vital JP/US relations on track in bumpy period. Abe a superlative Trump whisperer
2. Saved TPP (CPTPP, 2018)->group emerging as a key regional ops framework amid decoupling. & vehicle for JP influence...
1. Kept vital JP/US relations on track in bumpy period. Abe a superlative Trump whisperer
2. Saved TPP (CPTPP, 2018)->group emerging as a key regional ops framework amid decoupling. & vehicle for JP influence...
5/...
3. Turbocharged Japan’s international coalition building (EU/UK, India, Australia, FOIP etc)->made JP a key and much-needed support for multilateralism
4. Improved JP foreign/security policy institutional effectiveness->set up National Security Council (2013)...
3. Turbocharged Japan’s international coalition building (EU/UK, India, Australia, FOIP etc)->made JP a key and much-needed support for multilateralism
4. Improved JP foreign/security policy institutional effectiveness->set up National Security Council (2013)...
6/ ...
5. Institutionalised (geo)economics link in security strategy formation (Nat Security Secretariat economics unit creation, 2020)
6. Loosened constraints around collective self-defence (2015)
7. Strengthened PM power thru new Cabinet Bureau of Personnel Affairs (2014)...
5. Institutionalised (geo)economics link in security strategy formation (Nat Security Secretariat economics unit creation, 2020)
6. Loosened constraints around collective self-defence (2015)
7. Strengthened PM power thru new Cabinet Bureau of Personnel Affairs (2014)...
7/... the balance?
1. Abe too timid on economy, but Abenomics pushed right theoretical buttons
2. Full-fat constitutional reform always unrealistic—still too niche
3. Positioned Japan for bigger global role—and as potentially something more than just a leading “middle power”
1. Abe too timid on economy, but Abenomics pushed right theoretical buttons
2. Full-fat constitutional reform always unrealistic—still too niche
3. Positioned Japan for bigger global role—and as potentially something more than just a leading “middle power”