BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES


JAPAN'S 'NEO-ASIAN' POLICY: A POLITICO-ECONOMIC NECESSITY

Author: Gyasuddin Molla

DOI Link: https://www.doi.org/ BIISSj2003v24n2a4

ABSTRACT

The end of the Cold War induced Japan to start 'new thinking' about its policy toward the Asia region. Domestic forces mounted pressure and aspired for Japan's 're-Asianization'. The Plaza Accord of 1985, East European recovery in 1989, U.S.-Japan trade frictions and the proximity of Asian booming markets added potentials to Japan's 'neo-Asian' policy. The article examines the indispensability of Japan's relations with Asian countries to meet the political and economic imperatives for making the 21st century the century for Asia. Japan's aspirations for a politico-economic leadership in Asia, it is argued, need to be reinforced by developing confidence building measures among Asian neighbours and allies and minimizing Asian nations' apprehensions of Japan's militaristic past.