Japan and East Asian economic regionalism

Authored by: Mireya Solis

Routledge Handbook of Japanese Politics

Print publication date:  February  2011
Online publication date:  February  2011

Print ISBN: 9780415551373
eBook ISBN: 9780203829875
Adobe ISBN: 9781136818387

10.4324/9780203829875.ch26

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Abstract

On the eve of the twenty-first century, Japan’s foreign economic policy experienced a profound transformation as the government actively negotiated bilateral free trade agreements (FTAs) that deviate from the World Trade Organization’s (WTO) most-favored nation principle by awarding market access preferences to members only. For a country that based its postwar export-led recovery on the centrality of the multilateral system this was undeniably a major policy departure with at least two important ramifications: the prospects for domestic market opening and Japan’s contribution to the budding process of East Asian regional institution building.

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