To some observers, Asia is moving towards a long familiar past, a China-centric regional order. While the jury is still out on the outcome of rekindled strategic rivalry between China and the United States (an extra-regional actor enjoying primacy during the past seven decades), most believe it is game over when it comes to Asian great power competition. 

The conclusion seems obvious to most: China has eclipsed Japan. However, a focus on economic statecraft renders this conclusion premature.

China, Japan, and the Art of Economic Statecraft
Author: Mireya Solís, Director – Center for East Asia Policy Studies Senior Fellow – Foreign Policy, Center for East Asia Policy Studies Philip Knight Chair in Japan Studies.