China reaches for digital dominance, Japan’s outlook post-Abenomics
Friday 11 September 2020 – Vol.11 Ed.37.5
Commentary: China reaches for digital dominance
By Adam Cotter in Singapore
While many countries are eager for an alternative to US technology dominance, Beijing is taking a lead. China aims to accelerate advances in blockchain technology, enabling it to influence the development of worldwide networks. ‘China Standards 2035’, set for release later this year, will lay out plans for global blockchain standards, in which China’s blockchain-based services network – comparable to a technological Belt and Road initiative – will play a key role. This should act as a wake-up call to Washington.
All eyes are on Japan following Prime Minister Shinzō Abe’s abrupt resignation. The departing leader is known for his aggressive economic reform policy, Abenomics, which helped pull the country out of a decades-long deflationary slump. Jun Saito, senior research fellow at the Japanese Centre for Economic Research, and Kotaro Tamura, a former member of Japan’s House of Councillors and parliamentary secretary for economic and fiscal policy, discuss the outlook for the Japanese economy, and priorities for the country’s next leader.
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