Japan is finally waking up from its lost decades. Can it last?
The country is at a turning point, finally emerging from years of stagnation since its economic bubble burst in the early 1990s. But it’s been here before.
Tokyo | After decades of stagnation, Japan is turning a corner. For the first time since its defeat at the end of World War Two, the country is stepping up as a major defence player in a rapidly changing global order.
The fanfare surrounding Prime Minister Fumio Kishida’s visit to Washington this week, when Japanese flags were raised throughout the capital as he was welcomed with a high-powered state dinner, symbolise the importance of Japan’s growing role in US-led efforts to counter China’s aggression. Japan is also being considered for inclusion in the AUKUS agreement.
Michael SmithHealth editorMichael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
