Ballistic missile launches by North Korea (which is developing a programto miniaturize nuclear weapons), the resumption of major joint military maneuvers between Washington, Seoul and Tokyo… Northeast Asia is once again a hotbed of tension in a region where all the major powers confront each other.
East Asia
Japan: the ‘new capitalism’ updated
The Japanese economy contracted in Q1 2022. Record Covid-19 case numbers led the government to introduce quasi-state-of-emergency measures, which along with rising inflation caused private consumption and investment to fall. In Q2, the economy was still struggling.