Japan's barbaric conduct during WWII--and the Allies' nuclear retaliation at Hiroshima and Nagasaki--laid the foundation for the US-imposed pacifism that has reigned since the war's end. The Self-Defense Forces (SDF) that emerged during the 1950's were designed (in theory) only to defend Japan from attack. Offensive missions were forbidden by the Constitution.
But Japan now has in Prime Minister Junichiro Koizumi a leader who wants the country to be militarily proactive. Koizumi holds a majority in both houses of the Diet, Japan's parliament, and despite the continuing popularity of pacifism, he intends the SDF to become capable of ``preventive self defense''--a form of offensive action in all but name. That proposal is uniting Japan's opposition parties against him.
Indeed, the dispatch of Japanese peacekeepers under UN command to Cambodia in 1992 (the first time the 240,000-strong SDF had ventured on a mission abroad) was bitterly contested. While Japanese warships' logistical support during the recent Afghan conflict was a no-risk operation, that may not be true of the SDF's latest venture--participation in reconstruction in ``pacified zones'' in Iraq.
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The sudden collapse of Silicon Valley Bank was met by an equally swift response from US regulators. But the crisis is far from over, and the nature of the authorities’ response introduces problems of its own.
considers the risk that other banks will experience liquidity problems as interest rates continue to rise.
The emerging breed of industrial policies, which emphasize production, fair wages, and localism, could serve as the basis for post-neoliberal economies. But to tackle the challenges of the twenty-first century and ensure a sustainable future, we need a policy framework that recognizes the value of human connection.
make the case for an economic strategy that prioritizes shared prosperity over competition.
Japan's barbaric conduct during WWII--and the Allies' nuclear retaliation at Hiroshima and Nagasaki--laid the foundation for the US-imposed pacifism that has reigned since the war's end. The Self-Defense Forces (SDF) that emerged during the 1950's were designed (in theory) only to defend Japan from attack. Offensive missions were forbidden by the Constitution.
But Japan now has in Prime Minister Junichiro Koizumi a leader who wants the country to be militarily proactive. Koizumi holds a majority in both houses of the Diet, Japan's parliament, and despite the continuing popularity of pacifism, he intends the SDF to become capable of ``preventive self defense''--a form of offensive action in all but name. That proposal is uniting Japan's opposition parties against him.
Indeed, the dispatch of Japanese peacekeepers under UN command to Cambodia in 1992 (the first time the 240,000-strong SDF had ventured on a mission abroad) was bitterly contested. While Japanese warships' logistical support during the recent Afghan conflict was a no-risk operation, that may not be true of the SDF's latest venture--participation in reconstruction in ``pacified zones'' in Iraq.
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