http://online.wsj.com/article/SB10001424127887324769704579008842298142568.html?mod=opinion_newsreel
A Primer on Japan for Caroline Kennedy by Michael Auslin
President Obama’s choice as ambassador may find herself dealing with a Beijing-Tokyo military confrontation.
THE IGNORANCE AND LACK OF EXPERIENCE SHE DISPLAYED WHEN SHE MADE A SHORT RUN FOR NEW YORK SENATOR DOES NOT AUGUR WELL FOR A ROLE IN A FOREIGN POLICY HOT SPOT….RSK
Having the most famous name in American politics hasn’t spared Caroline Kennedy criticism over her nomination to be the next U.S. ambassador to Japan. Writers from across the political spectrum have questioned her qualifications or decried her selection as evidence of celebrity and fundraising power trumping substance in today’s Washington.
Ms. Kennedy’s nomination will undoubtedly be approved by the Senate, but she would help silence her critics by showing at her confirmation hearings that she understands that Japan faces a turning point in the coming years, as does the United States in Asia.
First, Japan appears to be ending a 20-year cycle of political realignment. High hopes for a viable two-party system seem not to have come to fruition. Japanese voters apparently prefer giving one party control over both houses of the Diet. The Liberal Democratic Party, which ruled Japan largely uninterrupted from 1955 to 2009, has been returned to power by an electorate disillusioned with the incompetence and unfulfilled promises of the Democratic Party of Japan. If LDP Prime Minister Shinzo Abe similarly fails to deliver economic growth and reform, Japanese voters may well settle for a permanently fragmented political system, as in Italy, thereby never reaching a truly stable realignment.
Second, Japan is at its most critical juncture for economic reform since the bursting of its bubble in 1990. Two-plus decades of stimulus spending, export-oriented strategy and regulatory tinkering have neither produced sustained growth nor ended the threat of deflation. Since taking office in December, Prime Minister Abe has embarked on a fiscal stimulus and monetary expansion policy that has given a short-term boost to the economy. Now Mr. Abe must deliver meaningful structural reform to stimulate growth, reduce regulation, and free up the labor market. If he fails, there may be no hope for serious reform that will revitalize Japan.