Japan, the European Union and Global Governance
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Japan, the European Union and Global Governance

Edited by Eiji Ogawa, Kolja Raube, Dimitri Vanoverbeke, Jan Wouters and with Camille Van der Vorst

This timely book explores the relationship between Japan and the European Union as they work increasingly closely together in many areas of global governance. It discusses the most salient areas of such cooperation from a range of perspectives, while examining not just convergences but also differences, in light of the recent EU–Japan Economic Partnership Agreement and Strategic Partnership Agreement.
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Chapter 3: Multilateralism and global governance: Japan in the World Bank, the G7 and G20 summits

Ryo Oshiba

Abstract

Japan has failed to recover its economic vitality since the end of the bubble economy in 1991. Moreover, Japan has lost its identity as the only democratic and economically developed country in Asia. What kind of role should Japan assume in the coming age? How should Japan cooperate with the EU in order to establish a new role in world politics? This chapter examines Japan’s policy towards the World Bank and the G7 Summits, which have contributed to the finance regime. First, this chapter concludes that the G7 still offers an opportunity for Europe and Japan to cooperate in spite of the decline in power. Second, whether or not the coordination between China and Japan will be successful depends China’s policy in the World Bank, and on Japan’s policy towards the AIIB. Third, the World Bank as well as the ADB have developed a number of networks with NGOs, and following input from Europe there is the potential that Japanese citizens will start developing NGOs and set up the global governance system.

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