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Japan’s strategic choices set to influence global policy outcomes
More than any other nation, Japan understands how economic prosperity and political security are best guaranteed by a rules-based, multilateral global trading system. Isolated from the Asian continent in the Pacific, its foolhardy quest for prosperity and security through imperial conquest in the interwar period is a bitter reminder of the costs that fracture of the order which the United States and its allies built after World War II will bring. For a country with no hinterland and limited resource endowments, there is no comfortable retreat to less dependence on global trade. The economic costs of anything remotely ... (full story)