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...final tariff reductions of an FTA signed in 2004 into full effect by 2010. More deals are likely. Taiwan President Ma Ying-jeou has made his policy priority reaching a comprehensive economic framework with China that would reduce tariffs on Taiwan goods entering the Chinese market. Yukio Hatoyama, Japan's presumptive Prime Minister, has even proposed the creation of a common Asian currency...

Author: /time Magazine | Title: Fortress Asia: Is a Powerful New Trade Bloc Forming? | 9/7/2009 | See Source »

After last week's momentous Japanese election, both American and Japanese commentators picked up a comment by Prime-Minister-in-waiting Yukio Hatoyama that there needed to be more "balance" in the U.S.-Japan relationship, read an article in which Hatoyama had been critical of the U.S., and wondered if the solidity of the long alliance between Japan and the US was about to go soggy. Then Hatoyama called President Barack Obama and told him that of course - of course! - the alliance was the bedrock of Japanese foreign policy, and everyone relaxed. Picking on the U.S., it seemed, was just...

Author: /time Magazine | Title: Viewpoint: Yes, Japan Does Want a New Relationship with the U.S. | 9/7/2009 | See Source »

...this happy conclusion is way too neat. There are genuine issues with the U.S.-Japan alliance, and they need to be taken seriously in both Tokyo and Washington...

Author: /time Magazine | Title: Viewpoint: Yes, Japan Does Want a New Relationship with the U.S. | 9/7/2009 | See Source »

...first place, the DPJ's interest in finding a new balance to the alliance - for which read, a situation in which Japan is less automatically subservient to the U.S. - is not just a matter of Hatoyama's speeches. Ichiro Ozawa, the veteran politician man who cobbled the DPJ together and who is bound to influence policy as the party's general-secretary, has argued for decades that Japan should be a "normal" country, with its own foreign and domestic policy priorities, set in relation to its own interests...

Author: /time Magazine | Title: Viewpoint: Yes, Japan Does Want a New Relationship with the U.S. | 9/7/2009 | See Source »

Ozawa is not anti-American; when I spoke to him at length earlier this year, he stressed that the U.S.-Japan alliance is "the most important relationship for Japan." At the same time, Ozawa insisted that in "global disputes," Japan should take a "U.N.-approach." "When it comes to an exercise of power by the U.S. alone," Ozawa said, "then Japan is not able to go along." Within a U.N framework of dispute resolution, however, "Japan should be proactive in rendering support." Ozawa said that this position was "starkly different" from that taken by the LDP. He really could...

Author: /time Magazine | Title: Viewpoint: Yes, Japan Does Want a New Relationship with the U.S. | 9/7/2009 | See Source »

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