Policymakers face complex cost-benefit considerations when intervening in the market to mitigate perceived risks, from climate change to competition with China.

Prime Minister Kishida Fumio hosts the G7 summit as an outspoken champion of the rules-based international order. Japan hopes to galvanize support and recognition of its own security concerns in the …

Japan’s new national security strategy and related defense plans herald a major military modernization effort in response to perceived threats in Northeast Asia, particularly China.