Based on original fieldwork including interviews held with Japanese officials, this text provides important new insight into Japan and East Asian relations, principally through the close examination of changes in Japan’s regional policy. Furthering discussions on Japan’s new regional activism, Hayashi explores how Japan and East Asian relations have developed, how Japan’s regional policy has changed, and why.
In addition, the book challenges conventional views on Japanese foreign policy, arguing that it is not reactive but incrementally effective. The book incorporates three major case studies that provide detailed narratives and analysis of Japan and Washington’s diverging ideological approaches, Japan’s policies towards the East Asian financial crisis, and its policies towards East Asian regionalism.
"Shigeko Hayashi's book on Japan and East Asian Monetary Regionalism examines the proactive initiatives taken by Japan in regional cooperation and finance." -- Saori N. Katada, Journal of Japanese Studies
1. Introduction The Existing Debates on the Nature of Japanese Foreign Policy 2. Historical Review of Japan’s East Asian Policy in the Postwar Period 3. The Washington Consensus versus the Japanese Approach and Implications for the East Asian Financial Crisis 4. Japanese Policies Towards the East Asian Financial Crisis 5. Japanese Policy Towards East Asian Regionalism 6. The Style of Japanese Foreign Policy: A Low-Profile and Incremental Approach 7. Conclusion