Publication in Economics, Politics and Public Policy in East Asia and the Pacific

Japan’s inflation target still a distant goal

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference in Tokyo, Japan, 16 June 2016. (Photo: Reuters/Thomas Peter).

Author: Hideo Hayakawa, Fujitsu Research Institute

More than three years have passed since the Bank of Japan (BoJ), led by new Governor Haruhiko Kuroda, introduced the surprisingly aggressive monetary policy of quantitative and qualitative monetary easing or QQE. Read more…

What defines Jokowi-nomics

Indonesian President Joko Widodo gestures during an interview at the presidential palace in Jakarta, Indonesia (Photo: Reuters).

Author: Editors, East Asia Forum

The tension between good policy and political expediency is part of the scene in contemporary Southeast Asia as it is elsewhere around the world. Indonesia is no exception. Read more…

What does Jokowi want for the Indonesian economy?

Indonesian President Joko Widodo at the House of Representative building in Jakarta (Photo: Reuters).

Author: Eve Warburton, ANU

This time last year, most analysts saw Indonesia’s President Joko Widodo (Jokowi) as weak and overwhelmed by the challenges of national politics. Now, after two years in the job, he is viewed as the undisputed ‘boss’ of his administration. Read more…

India’s leaky submarines

An employee looks at the propeller of a Scorpene submarine at the industrial site of the naval defence company and shipbuilder DCNS in La Montagne near Nantes, France, 26 April 2016. (Photo: Reuters/Stephane Mahe).

Author: Sarosh Bana, Business India

The wide-ranging data leak on India’s French-origin Scorpene submarines uncovered by The Australian in August 2016 has undermined New Delhi’s sensitive submarine construction program. Read more…

Seeding risk in Chinese agricultural insurance

A farmer works in a corn field where a harvester is used to reap corn at a farm in Gaocheng, Hebei province, China. (Photo: Reuters/Kim Kyung-Hoon).

Author: Tristan Kenderdine, Dalian Maritime University

China’s agricultural sector is undertaking risk remodelling. A widely republished Economic Daily editorial in late 2015 refined China’s domestic policy arithmetic in the agriculture sector from ‘banks, futures and insurance’ to simply ‘futures and insurance’. Read more…

Thailand after King Bhumibol

Male inmates pay their respects to the late Thai King Bhumibol Adulyadej at the Central Correctional Institution for Young Offenders in Pathum Thani province, on the outskirts of Bangkok,Thailand 27 October 2016. (Photo: Reuters/Chaiwat Subprasom).

Author: Thitinan Pongsudhirak, Chulalongkorn University

The passing of King Bhumibol Adulyadej brings Thailand as we know it to a close. Over a seven-decade reign, the late monarch presided over Thailand’s climb from a village backwater to a modern nation. Read more…

US primacy in a multiplex world

Author: Amitav Acharya, Tsinghua University

The real question about the United States’ role in the world today, as I have argued previously, is not whether the United States itself is declining, but whether the international order it built and dominated will be enduring. Read more…

Comparing post-war politics in Nepal and Sri Lanka

Nepal's newly elected Prime Minister Pushpa Kamal Dahal waves towards the media after he was elected Nepal's 24th prime minister in 26 years, in Kathmandu, Nepal, 3 August, 2016. (Photo: Reuters/Navesh Chitrakar).

Authors: Jonathan Goodhand, SOAS and Oliver Walton, University of Bath

Sri Lanka and Nepal may have turned their backs on protracted and bloody conflicts but the fault lines that fuelled these wars have not gone away. One key challenge now facing political elites is that of constitutional reform. Read more…

Chinese changemakers are on the rise

A mascot of Didi Chuxing is seen at the company's headquarters in Beijing, China, 18 May, 2016. (Photo: Reuters/Kim Kyung-Hoon).

Author: Mark Greeven, Zhejiang University

In August 2016 Chinese taxi hailing platform Didi Chuxing acquired Uber China after closing several investments with Baidu, Alibaba, Tencent (BAT), Apple, Foxconn and China Investment Corp. These impressive investments totalled US$1 billion, with the market valuation reaching US$35 billion. Read more…

Solving Northeast Asian security

Seoungju residents take part in a protest against the government's decision on deploying a US THAAD anti-missile defence unit in Seongju, in Seoul, South Korea, 21 July, 2016. (Photo: Reuters/Kim Hong-Ji).

Authors: Kai He and Huiyun Feng, Griffith University

North Korea’s fifth nuclear test in early September 2016 has intensified the security predicament in Northeast Asia. China faces a strategic dilemma: deal with North Korea’s repeated nuclear provocations while responding to South Korea’s Terminal High Altitude Area Defence (THAAD) deployment. Read more…

India’s water woes

A boy searches for recyclable material from the cracked earth of a dried-up portion of the Sabarmati river in Ahmedabad, India, 23 May 2012. (Photo: Reuters/Amit Dave).

Authors: Asit K. Biswas and Cecilia Tortajada, NUS

Water is a hot topic in India. The most recent boil-over sparked protests that left two dead and masses of vehicles torched. But this is hardly a new phenomenon. Read more…

Reining in China’s property frenzy

Employees set up model apartments as they prepare a real estate exhibition in Hangzhou, Zhejiang province, China, 17 May 2012. (Photo: Reuters/Lang Lang).

Author: Yixiao Zhou, Curtin University

The Chinese property market is surging. In the year to August 2016, house prices in Beijing, Shanghai, Guangzhou and Shenzhen, four first-tier cities, all rose by over 20 per cent. House prices in Xiamen, a second-tier city, grew by 44.3 per cent Read more…

How to unify a jaded polity in Myanmar

Author: David Dapice, Harvard University

Myanmar is transitioning from military rule to democracy — a difficult project considering that the country has never been united. The difficulties of this transition date back to 1947 when the Panglong Agreement was reached, which formalised Myanmar’s independence from Britain. Read more…

Shifting the burden of ageing in Japan

Author: Sagiri Kitao, Keio University

The demographics of ageing are not all doom and gloom. They also open up economic opportunities. In Japan, where retirees have high average wealth and life expectancy, there is an opportunity to develop new products targeted to the elderly and to expand ‘silver’ markets. Read more…

The risks from China’s property bubble

Property sales agents take photos during the roadshow of a residential property development by major developer Sun Hung Kai Properties (Photo: Reuters).

Author: Editors, East Asia Forum

The housing market in China has been behaving wildly. Housing prices in China’s major cities are up by 30 per cent on a year ago. The frenzy to purchase property has come to dominate media reporting around the country, with the People’s Daily capturing a riot at the opening of a new housing development late last month in Hangzhou, where the G20 summit was held just weeks before.

Read more…