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China and Japan in the 21 st century |
Date |
12/01/2010 |
| Member rating |
4.3/5
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| Graeme Mills asks whether it is time for a new rapprochement between the Asian superpowers. |
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In 1945 Japan was bent over the table while Uncle Sam put on the rubber glove. Terms were going to be dictated and Japan was in no position to negotiate.
Roll forward to the heady 80’s and Japan was revelling in the excesses of capitalism. All was right with the world. Then the spectacular crash at the end of the 80’s. Uncle Sam with his rubber glove was there to help and freely gave advice.
However, it hasn’t helped, and all the advice by those top economists in America still has not found a solution for Japan.
From 1990 to 2010 China has become very, very rich and powerful. Japan in that same time period has stagnated. Japan by now must be getting sick of being a glove puppet.
Japan is a part of Asia. Asia is on the rise. Perhaps it is time to put aside the age-old enmity and distrust between Japan and China and go back to their common heritage – Asian: a different culture, a different way of thinking.
To be clear, in all my writing I am not predicting the fall of America. America has been a good friend to Australia since 1945. Its people are essentially good hearted, strong and innovative.
Whereas Japan is Asian and would be returning to the fold, Australia is not. Australia has to engage with Asia, certainly, but we should retain our own unique and proud heritage in doing so.
After America has sorted out its little central bank experiment with free money and lots of it (a heady brew ignited by de-regulation), it will recover and still be a dominant global power. However its period of being the only player is now at an end. That, in my opinion, is a good thing.
Hatoyama to Nanjing, Hu to Hiroshima? asks Kosuke Takahashi for Asia Times Online.
'TOKYO - With the world economy's center of gravity shifting from the West to the East, led by China's rising economic and corresponding political power, the year 2010 may witness a series of epoch-making events in Asia.
'A grand rapprochement between Japan and China could be one such happening, and the idea has been recently floated through the media by some anonymous diplomatic sources in Tokyo and/or Beijing, attracting a lot of attention among experts worldwide'.
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