The COVID-19 pandemic has situated the policy conversation on economic security at the centre stage of national security calculus not just in Washington and European capitals but also in Tokyo. Hard policy choices are at play as high-tech supply chains are redefining the global balance of power, order and values. Key agenda on the high table encompasses mapping vulnerabilities and controlling chokepoints in supply chains, especially semiconductors, advanced batteries for electric vehicles (EV), rare earth and strategic minerals, and pharmaceuticals that are increasingly proving to be game-changers in the Sino-US rivalry. The Basic Policy on Economic and Fiscal Management and Reform 2020 underscored the urgency to craft both a “just-in-time” and “just-in-case”1 design for bolstering economic security and effective risk management.
Framing Japan’s Economic Security Agenda – Analysis – Eurasia Review
