Abstract
Japan has the potential to deepen engagement with markets in Muslim Asia. With low domestic economic growth and a population in decline, Japanese firms look for growth opportunities overseas, and markets in Muslim Asia are crucial for Japan to retain not just its economic positioning in the world, but also the inflow of capital needed to sustain the purchase of energy resources imports and retain the state and society’s sense of security. This chapter analyzes Tokyo’s strategy for access to markets by applying the Flying Geese Theory. It then examines several key industries for FDI and exports which reveal the contemporary dynamics of Tokyo’s access to markets strategy. The chapter finishes by considering how Islam, interpreted as a disruptive force, is calculated into this strategy.
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Notes
- 1.
The terms used here, Four Asian Tigers, Tiger Cubs, Latecomers, and Latest Comers, are not from Akamatsu, but rather more recent terms to categorize countries as they progress through the model.
- 2.
It also raises the question of whether China’s current “win-win” development claims vis-à-vis the Belt Road Initiative (BRI) are modeled on or echo Japan’s FGT.
- 3.
The arms exports ban was eventually lifted in April 2014, perhaps in part because of this experience.
- 4.
It is estimated Chinese Malaysians make up 40 percent of the sales at Islamic financial institutions in Malaysia (Simpfendorfer 2014, 69).
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Barber, B.B. (2020). Access to Markets. In: Japan's Relations with Muslim Asia. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-34280-7_4
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