SINGAPORE – The world has recently witnessed two major diplomatic blinks. Japan, facing mounting pressure from China, unconditionally released a Chinese trawler captain whose ship had rammed a Japanese naval patrol boat. And US President Barack Obama did nothing when Israel refused to extend its freeze on new building construction in the West Bank, causing Israeli West Bank settlers to rejoice.
In the short run, it is clear who lost. In the long run, however, the outcome of backing down may not be so clear. China, in particular, should weigh carefully the long-term political price of celebrating its supposed victory over Japan.