The Great Debate

from Anatole Kaletsky:

Why political gridlock works for the U.S. economy, but not for Japan or EU

By Anatole Kaletsky
November 7, 2014

U.S. President Obama hosts a luncheon for bi-partisan Congressional leaders in the Old Family Dining Room at the White House in Washington

Is gridlocked government a betrayal of democracy? Or does it allow citizens to get on with their lives and businesses, unencumbered by meddlesome politicians?

from Compass:

To build a coalition against Islamic State, U.S. must try a little humility

By Nader Mousavizadeh
September 25, 2014

U.S. President Barack Obama chairs the U.N. Security Council summit in New York

When President Barack Obama assumed the presidency of the United Nations Security Council Wednesday, he summoned the full weight of U.S. power to a cause with seeming universal appeal: defeating the barbarism of Islamic State -- or, as Obama calls the militant group, Islamic State in Syria and the Levant (ISIL).

from Nicholas Wapshott:

Nothing pacific about it: Japan pushes back on China

By Nicholas Wapshott
July 15, 2014

Members of Japan's Self-Defence Forces' airborne troops stand at attention during the annual SDF troop review ceremony at Asaka Base in Asaka

China is on the march. Or, to be precise, China has made a strong push, militarily and otherwise, into seas nearby, setting off alarms among its neighbors. Now Japan has pushed back, announcing it will “reinterpret” its pacifist constitution so it can be more militarily aggressive in responding to China’s persistent territorial expansionism.

Is Iran being victimized by sanctions it doesn’t deserve?

By Yousaf Butt
June 20, 2014

A security official stands in front of the Bushehr nuclear reactor

Iranian officials met this week with their six-power counterparts to try to hammer out the outlines of a comprehensive nuclear deal set to last for several years. But its precise duration remains undecided.

Let Japan help defend America — and itself

By Clyde Prestowitz
June 2, 2014

Members of Japan's Self-Defence Forces' airborne troops stand at attention during the annual SDF troop review ceremony at Asaka Base in Asaka

Japanese Prime Minister Shinzo Abe is now following through on actions laid out in his recent bold speech calling for Japan to defend allies who might be under attack.

from Anatole Kaletsky:

Japan as the crisis next time

By Anatole Kaletsky
March 14, 2014

Which major economy is most likely to disappoint expectations this year, and perhaps even cause a financial crisis big enough to break the momentum of global economic recovery? The usual suspects are China and southern Europe. But in my view the most likely culprit will be Japan.

China’s air defense zone: The shape of things to come?

By James Steinberg and Michael E. O'Hanlon
December 16, 2013

China’s announcement of an air defense identification zone (AIDZ) that covers substantial portions of the East China Sea has unleashed a storm of concern among China’s neighbors — as well as in the United States.

Casting doubt on Japan’s new economic experiment

By Charles Wallace
April 11, 2013

Almost exactly a decade ago, Ben Bernanke visited Tokyo as a member of the Federal Reserve Board – he was not yet the powerful Fed chairman – and gave some shocking advice to his Japanese counterparts. Surveying the country’s abysmal record of deflation, Bernanke recommended that the Bank of Japan set an explicit inflation target and embark on a massive program of buying government debt to help achieve that goal.

from Ian Bremmer:

Why the U.S. is not—and never will be—Japan

By Ian Bremmer
November 18, 2011

By Ian Bremmer
The opinions expressed are his own.

Though I’ve already written about the recent Munk debate in Toronto elsewhere, it’s worth taking some space to expand on my position, and why the U.S. truly is not going to experience a Japan-style lost decade of economic stagnation.

Why donating to Japan can do good

By Guest Contributor
March 21, 2011

JAPAN-QUAKE/

By Larry Probus, the CFO of World Vision, U.S. The opinions expressed are his own.