1. What Dilemma is Hampering Japan’s Rise to a Major World Power
- Author:
- FARAS
- Publication Date:
- 03-2024
- Content Type:
- Policy Brief
- Institution:
- Future for Advanced Research and Studies (FARAS)
- Abstract:
- On January 1, 2024, Japanese Prime Minister Fumio Kishida vowed to propel Japan to the forefront of the international arena amongst nation-states that have a proactive role in key global affairs and issues. In his New Year's address, Kishida affirmed that he will “exert leadership unique to Japan" through summit diplomacy to "overcome challenges," citing issues such as Russia's war on Ukraine and the Israel-Hamas conflict. The Prime Minister’s comments come on the back of official figures released on February 15, 2024, showing that Japan’s economy has slipped to fourth place after being replaced by Germany as the world’s third largest economy. India is projected to overtake both Japan and Germany and become the world's third-largest economy during the current decade. Between Japan's aspirations to become a major global player and its evident economic decline, there are lingering questions about the obstacles it faces in transforming into a significant influential force in a world moving towards multipolarism.
- Topic:
- Foreign Policy, Diplomacy, Leadership, Economy, and Emerging Powers
- Political Geography:
- Japan and Asia