What Next For Japan After the Election?

After Shinzo Abe’s crushing defeat of the opposition in Sunday’s election five Japan experts give their views on what lies ahead for the country – and the region.We need to talk about pacifism. A mature debate about constitutional reform is exactly what Japan needs right now. It’s extremely important, but it’s been largely sidetracked by ideological disagreements from both the left and right. The left insists that the pacifist Article 9 must remain untouched. That’s not a realistic proposition because the world has changed and Article 9 is now something of an anachronism. It’s not realistic to keep it in the current environment, with Chinese ambitions and uncertainty over the US’s willingness to continue contributing to regional security in the way it has done before.It’s unavoidable that countries like Japan and Australia need to contribute more to help keep the status quo in place. I can’t see any country in the region, with the exceptions of China and North Korea, opposing a more normal security stance by Japan. Gone are the days when south-east Asia and Australia were concerned about a revival of Japanese militarism.

Source: What now for Japan after Abe’s landslide election victory? | World news | The Guardian

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.