ThinkProgress Logo

Stories tagged with “Japan

Economy

Abenomics Will Boost Japan’s Economy By Helping Its Women Workers

Photo via the AP

Shinzo Abe, Japan’s prime minister, has gained international recognition for his aggressive new approach to Japan’s decades of deflation. “Abenomics,” his prescription for boosting the economy and fighting off another recession, falling wages, and a high debt-to-GDP ratio, includes monetary and fiscal policy such as stimulus spending on infrastructure and renewable energy, quantitative easing, and structural reforms.

But there’s a new pillar of Abenomics: putting more women in executive roles by asking businesses to set a target of at least one female executive per company. “Women are Japan’s most underused resource,” he said upon unveiling his plans. And the numbers back him up, as women hold just 1.6 percent of executive roles at Japanese public companies. Only 15 percent of Japan’s companies have any female executives at all.

It may take more than just a focus on the executive suite, however. Only about a third of Japanese mothers are in the labor force. If women’s rate of employment, currently about 60 percent, were raised to the same level of men’s, which is 20 points higher, Japan could grow its GDP by as much as 15 percent. To that end Abe has also promised to create 250,000 day care openings over the next few years to boost women’s employment.

While the U.S. has a higher rate of women in the work force and a larger percentage of female executives, it still has room to grow in both. It now ranks at number 17 out of 22 developed countries for women’s rate of participation in the labor force, with just about three-quarters of women in the workforce, compared to nearly 80 percent for the other countries on average. Just over 14 percent of executive roles in U.S. Fortune 500 companies are filled by women.

The idea that increasing women’s overall participation in the workforce and their representation in the C-suite is good economics is backed up by research. As much as 20 percent of U.S. growth in productivity over the past 50 years can be attributed to fallen barriers to employment for women and other groups who had previously been excluded. The economy would in fact be about a quarter smaller if women hadn’t entered the workforce in such strong numbers since the 1950s.

At the top of the economic ladder, one study found that companies in the MSCI AC World index that had a gender diverse board outperformed male-only ones by 26 percent over six years. Another study of Israeli companies found that those with boards that had at least three directors of both genders attending meetings had a significantly larger return on equity and net profit margin. Research makes the case that more diversity in company leadership often leads to better results.

The U.S. hasn’t taken the aggressive action that Shinzo Abe is proposing to address its disparities, however. The most aggressive action on women’s representation in executive roles has been in Norway, which has a requirement that 40 percent of board members be women, and the European Union is looking at a similar measure. Meanwhile, the U.S.’s lack of spending on child care is part of why it has fallen behind developed peers in women’s labor force participation, along with poor parental leave policies and no protections for those who seek part-time work. If the U.S. enacted better policies on all three fronts, women’s labor force participation rate would jump 6.8 percentage points. That could have a huge effect on an economy that’s still struggling to recovery from the recession.

Security

What Is The Real Threat From North Korea?

CNN reported Thursday morning that intercepted communications indicate that North Korea may be planning to launch ballistic missiles “within days,” in yet another potential escalation. South Korean Defense Minister Kim Kwan-jin also told a government panel on Thursday that North Korea has moved a medium-range missile to its eastern coast, possibly in preparation for either a test or military demonstration.

North Korea’s threat comes from three factors: the unpredictability of its leader, Kim Jong Un; its ongoing nuclear weapons program; and its large amount of conventional weapons. Despite the difficulty it has seen in testing and its lack of large stockpiles of fissile material, North Korea’s nuclear program remains a major concern. North Korea appears to have jump-started the process of getting its plutonium reactor at Yongbon back online, but it will possibly take years to produce enough material for new weapons. At present, North Korea is estimated to have enough plutonium for 10 nuclear warheads, but Pyongyang’s ability to shrink down a nuclear warhead to the size where it would fit on a missile has advanced significantly and the country theoretically maintains rudimentary delivery methods within the region. There is also concern that North Korea could sell its weapons and/or weapons technology to third parties.

Even in light of Pyongyang’s nuclear capacity, North Korea’s large array of missiles and rockets remain a considerable threat to the peace and stability of the region. Of those conventional weapons, North Korea’s short-range Scud and Rodong missiles pose the greatest risk to U.S. assets in the area, given their high number and accuracy. With an estimated 1,800-mile range, the Musudan medium-range missile — which is mostly likely the type moved to the North Korean cost on Thursday — also may pose a significant threat, but its effectiveness has been questioned given the missile’s lack of prominent testing.

North Korea’s longer range missiles — the Taepodong-2 and Uhna rocket — are less reliable, both in accuracy and in performance. In 2006, a test of the Taepodong-2 completely failed, as did its use in an attempt to place a satellite in orbit in 2009. In Dec. 2012, North Korea did successfully test the Unha rocket, claiming to use it to a satellite in orbit. Estimates of the range for the Unha places it at approximately 4,500 miles — able to reach the U.S. West Coast — although experts have said that it is highly unlikely that North Korean missiles can hit the U.S. mainland and the Unha’s accuracy is completely unknown.

In any case, it is more likely that the launch of North Korean missiles would be a threat to U.S. allies and assets in the region, including South Korea and Japan. South Korea is well-within range of the shortest range missiles, with Seoul being only 35 miles from the Demilitarized Zone. That short distance also lends itself to the possibility that North Korea could drop a nuclear bomb on the country, rather than launch a nuclear warhead. Japan, while not particularly caught in this current spiral, has also been on the receiving end of North Korea’s threats. The two countries are home to a combined 64,000 U.S. forces, stationed in bases at Okinawa, the DMZ, and other locations.
Read more

Security

Why Is Japan Being So Quiet About North Korea?

Former Japanese Prime Minister Junichiro Koizumi meets with former North Korean leader Kim Jong-Il in 2002

With all the saber-rattling from North Korea and the at times equally loud responses from the South and the United States, there’s a conspicuous voice missing in the din — Japan.

Since North Korean leader Kim Jong-Un turned up the heat, going as far as declaring that a “state of war” exists on the Korean peninsula once more, the U.S. and South Korea have responded in kind. South Korean President Park Geun-hye on Monday gave the military the leeway to respond directly to any attack without “any political consideration.” The United States, for its part, flew B-2 stealth bombers over South Korea in a show of force meant to the show North Korea that it could strike without warning and has F-22 stealth fighters on stand-by to participate in a training exercise with South Korea.

China has expressed its displeasure with North Korea in the months since its third nuclear test, even as Beijing continues to back its fellow communist state. Even Russia has taken the opportunity to voice its opinion of the heated words coming from Pyongyang, Seoul, and Washington. So of the members of the Six-Party Talks, why is Japan the only one staying quiet about the DPRK’s bellicose rhetoric?

Given the proximity of Japan to the Koreas, and the DPRK’s history of threats against the Japanese people and U.S. bases in Japan, it’s surprising that Japan has yet to speak out during the last several weeks, particularly considering Japanese Prime Minister Shinzo Abe’s reputation for hawkish behavior towards North Korea and in general.

Part of Abe’s campaign platform was editing Japan’s post-World War II constitution to allow a broader definition of “self-defense” than is currently allowed. Abe has most definitely acted on those policies once taking office, including launching a series of military exercises designed to simulate a Chinese invasion of Japan, though it never directly referenced China. Military spending is up, as well, but what’s still missing has been an active role for Japan during the crisis on the Korean peninsula.

So what’s the reason behind Abe’s seemingly counter-intuitive lack of public statements in recent weeks? Dr. Sheila Smith, Senior Fellow for Japan Studies at the Council on Foreign Relations, spoke with ThinkProgress on the matter, saying that the silence from Tokyo is the wise choice. In Smith’s view, the Abe government understands that the focus of Pyongyang’s rhetoric is on South Korea, with its statements designed for consumption in Washington and Seoul. Smith also believes that Tokyo is reassured by the United States’ security pledges and doesn’t see an advantage in inserting itself into the current crisis.

Smith may be right, given the lack of direct threats toward Tokyo from Pyongyang lately. Also playing into Japan’s decision may be that it does not view Pyongyang as likely to take action. White House Press Secretary Jay Carney told journalists at the daily briefing that there are no signs of troop movement from North Korea to match its rhetoric. Sen. Bob Corker (R-TN), Ranking Member on the Senate Foreign Relations Committee, on Monday also said that he believes that “nothing is going to happen.” Despite that, military preparations from the U.S. are ongoing. On Monday, the Pentagon announced that the U.S.S. John S. McCain, an anti-missile destroyer, was being moved to the coast of Korea, with the the U.S.S. Decatur following on Tuesday.

Climate Progress

The Nukes of Hazard: Two Years After $500 Billion Fukushima Disaster, Nuclear Power Remains Staggeringly Expensive

On March 11, 2011, the Fukushima Daiichi nuclear power plant north of Tokyo was hit by a wall of water 43 feet high that destroyed or disabled enough equipment to cause three reactors to melt down.

Two years later, the people of Japan are bouncing back. The nuclear industry, not so much.

The United States has not (yet) built a new nuclear reactor since 1996 — new U.S. nuclear capacity has essentially flatlined. The U.S. still has far more nuclear power generation than any other country, though China, Russia, India, and Korea are actively constructing new reactors. A few U.S. building permits have trickled in since 2007, when an energy bill with incentives for new nuclear plants passed Congress. The Wall Street Journal reported in December that:

The first newly licensed nuclear-power plant to be built in the U.S. in decades, the Vogtle project in Georgia, has run into construction problems and may be falling years behind schedule, according to an engineering expert advising the state.

Nuclear power may continue to be a small wedge of our energy pie, but it is still not going to be more than a small wedge of the solution to human-caused climate change. Here’s why.

COST

A new nuclear reactor will set you back a cool $10 billion or more. The Department of Energy is promoting a plan to build as many as 50 small modular reactors per year starting in 2040. Constructed in factories, these reactors would cost “only” $3-5 billion each.

But before they even get to building a new reactor, the nuclear industry has relied upon about ten times as much in federal subsidies compared to those reluctantly offered to renewable energy developers. This is important to keep in mind as the industry complains about wind energy subsidies lowering electricity prices.

One of the arguments the nuclear industry has made over the last several decades is that though it is expensive right now, once the industry learns how to construct plants again, the financial structure changes as costs drop. This appears to be the opposite of true: Nuclear power has a negative learning curve.

Average and min/max reactor construction costs per year of completion date for US and France versus cumulative capacity completed.

Nuclear power has always been very expensive, and will continue to be staggeringly so, especially if we are to build in safety and redundancy measures needed to avoid future Fukushimas.

SAFETY

Japan faces combined clean up and compensation costs at Fukushima estimated to reach $500 billion. The timeline for decommissioning the ruined plant is 30-40 years. There is a $6 million robot deployed to inspect the damaged hallways that got lost in the plant and has not been seen for 17 months. And the cost estimates are just guesswork:

Read more

Security

5 International Elections To Fill The Post-Nov. 6 Void


With the U.S. election finally over, it’s entirely possible that some poll junkies are already looking for their next fix. While some may be jumping ahead to the 2014 midterms, or even the 2016 Presidential race, an easier solution would be to look at the multitude of elections coming up around the world. According to the National Democratic Institute’s 2012-2013 election calendar, there are still plenty of races to keep an eye on while the U.S. settles down.

Japan

Japan currently doesn’t have elections officially scheduled, though they must be held no later than May 2013. But in August 2011, Prime Minister Yoshihiko Noda promised that elections would be held “soon.” Since then, Noda has said that he is in no hurry to open the polls, fearing a “political vacuum” in the run-up to the vote and facing a fiscal cliff of its own at the end of November.

Former Prime Minister Shinzo Abe of the Liberal Democratic Party is particularly interested in having the chance for his party to reclaim control of the Cabinet given unpopularity of the Democratic Party of Japan in opinion polls. No matter who wins the eventual election, both Abe and Noda are signaling that a more muscular foreign policy may be ahead for Japan.

South Korea

The Republic of Korea’s Presidential race will conclude on Dec. 19. Leading the polls is Park Geun-hye, heading the Saenuri, or New Frontier Party. Park is the daughter of former President Park Chung-hee, who held power for sixteen years following a 1961 military coup and his election in 1963. Park has defended her father’s actions in the past, saying “I don’t think it’s the place of politicians to be fighting over whether [Park's rise to power was] a ‘coup d’etat’ or a ‘revolution.”

Park’s main competitors, Moon Jae-in, nominated to head the Democratic United Party following the end of current President Lee Myung-bak’s term, and independent candidate Ahn Cheol-soo merged campaigns recently. Park is seeking to keep pressure on the duo though by pledging to ease Lee’s hardline stance against North Korea, even indicating that she’d be willing to meet with new North Korean leader Kim Jong-Un.

Israel

Israel will be choosing members of the 19th Knesset on Jan. 22, 2013. Israeli lawmakers voted on Oct. 16 to dissolve and move elections up from October 2013. In a surprise move, Prime Minister Benjamin Netanyahu and Foreign Minister Avadgor Lieberman then announced the merger of their two parties as the new Likud Beiteinu.

Many experts have said it’s nearly impossible for the center and left-wing parties in Israel win, though Netanyahu’s new party may not wield quite as much power as currently thought. However, it’s unclear what a dominant Likud Beiteninu means for negotiations with the Palestinian Authority and it looks like more heated rhetoric toward Iran is on the horizon.

Iran

Iran won’t be holding its presidential election until June 2013, but it’s worth it to starting to watch now. The race to replace Mahmoud Ahmadinejad has yet to solidify into solid candidates, but speculation is already occurring. Some believe that Esfandiar Rahim Mashaei, an ally of Ahmadinejad, may be being groomed to take over in 2013, despite Mashaei’s run-in with conservatives. Ali Akbar Velayati, former Foreign Minister of Iran, has also been mentioned as a potential candidate. Velayati has the advantage of having Supreme Leader Ayatollah Khamenei’s ear and a history of work on difficult negotiations.

Whatever the result , the un-elected Khamenei holds the real power in the Islamic Republic. While Ahmadinejad has already started to feel the effect of his lame-duck status, whomever wins in June won’t wield the power that many associate with so high an office.

China

The Chinese Communist Party’s 18th Congress is kicking-off and in a completely choreographed event, over two thousand delegates will come together to begin the process that ends with current Vice President Xi Jinping being named the party’s leader and thus head of state. These delegates — who are not democratically elected — will still cast votes for those who eventually will winnow down to the either seven or nine members that will form the Politburo Standing Committee, the head of the country.

The Congress will also decide who sits on the Central Military Commission and amend the Party’s Constitution. All told, the Congress will usher in a new generation of Chinese leaders, though the previous may still seek a large role in determining China’s direction.

NEWS FLASH

Expert Panel: Fukushima Nuclear Disaster Was Result Of ‘Collusion’ Between Japanese Government, Regulators And Plant Operators | Japan’s Fukushima nuclear power plant accident last year was a preventable disaster resulting from “collusion” between the Japanese government, regulators and the plant operator, an expert panel said in a report released today. The panel found that the Fukushima nuclear disaster was the result of “man-made” failures before and after the March 11, 2011, earthquake. “Across the board, the Commission found ignorance and arrogance unforgivable for anyone or any organization that deals with nuclear power,” said the report. “We found a disregard for global trends and a disregard for public safety.”

Security

Obamacare Brings U.S. Closer To Policies It Has Advocated Overseas

The Supreme Court’s decision yesterday to uphold the Affordable Care Act (ACA) marked a defining moment in the decades long battle to bring affordable healthcare to the U.S. But while healthcare continues to be a divisive issue domestically, the U.S. has funded and advocated for some of the best universal health systems around the world.

The U.S. is ranked 37th in the World Health Organization’s rankings of health systems. But the impact of U.S. health policy extends beyond U.S. borders. Laurie Garrett, a Senior Fellow for Global Health at the Council on Foreign Relations, wrote that the U.S. is now in line domestically with policies it has been promoting internationally:

Dating back to the Marshall Plan in post-WWII Europe, Gen. Douglas MacArthur’s 1945-49 occupation of Japan, and then the Korean War, it has been a matter of U.S. foreign policy to invest in the creation of universal health systems. More recently, the Marshall Plan was cited by AFRICOM in support of a Department of Defense engagement in health systems construction across Africa. This year (FY2012), South Africa was the number one recipient of health aid from the United States, totaling nearly $470 million, much of which is supporting the country’s fourteen-year program to build universal health coverage.

Indeed, Japan and Marshall Plan countries in Europe make up the majority, thirteen out of twenty, of the top national health systems in the World Health Organization’s (WHO) 2000 report [PDF]. Those countries are highlighted in the following chart:

And a 2010 Commonwealth Fund comparison of population health [PDF] in seven countries — Australia, Canada, Germany, the Netherlands, New Zealand, and the UK — found the U.S. underperforming “relative to other countries on most dimensions of performance.” Half of those countries outperforming the U.S. — Germany, the Netherlands, and the UK — were recipients of Marshall Plan assistance.

The ACA will provide access to health insurance for 30 million uninsured Americans and prevent insurers from discriminating against people with pre-existing conditions. “[P]erhaps it will now be possible for an HIV-infected individual in Mississippi or Alabama to have access, at taxpayers’ expense, to the same level of care as the U.S. government supports for comparable individuals in Johannesburg,” writes Garrett.

Climate Progress

Gone Fission: If Fukushima Nukes Are Seeing Fission Bursts, It Turns “Our Entire Understanding of Nuclear Safety On Its Head”

Fears of Fission Rise at Stricken Japanese Plant

TOKYO — Nuclear workers at the crippled Fukushima power plant raced to inject boric acid into the plant’s No. 2 reactor early Wednesday after telltale radioactive elements were detected there, and the plant’s owner admitted for the first time that fuel deep inside three stricken reactors was probably continuing to experience bursts of fission.

Sure, it only merits page A17 in today’s New York Times, but the story is still a bombshell for the troubled nukes:

On Wednesday, the plant’s operator, the Tokyo Electric Power Company, said that gas from Reactor No. 2 indicated the presence of radioactive xenon and other substances that could be byproducts of nuclear fission. The presence of xenon 135 in particular, which has a half-life of just nine hours, seemed to indicate that fission took place very recently.

Trade Minister Yukuo Edano censured Japan’s nuclear regulator, the Nuclear and Industrial Safety Agency, for failing to report the discovery to the prime minister’s office for hours, according to local media reports.

The developments added to disquiet over how information related to the disaster has been handled. For almost two months after the March 11 earthquake and tsunami knocked out vital cooling systems, setting the stage for disaster, both company and government officials declared it was unlikely that any meltdowns had occurred. They finally conceded that melted fuel had likely breached containments in three reactors, and that it was likely pooled at the bottom of the vessels.

A 12-mile exclusion zone is still in effect around the plant. More than 80,000 households were displaced.

I should say upfront that cost, not safety, is the real problem with nuclear power as a climate solution today (see “Does Nuclear Have a Negative Learning Curve?” and “An introduction to nuclear power.”

But safety is a genuine concern.  Here’s the “good news” on Fukushima’s fears of fission:

CLICK HERE TO READ MORE OR COMMENT

Read more

Climate Progress

Global News: China Plans Regional Energy Caps to Curb GHG Emissions; Warming Could Exceed Safe Levels in Your Lifetime

Other big world climate stories: Japan seeks new CO2 cuts; Draft plan for Global Green Climate Fund handed to UN


Report: China to set regional energy caps

China’s efforts to curb its greenhouse gas emissions are poised to take another major step forward, according to reports from the state-backed Xinhua news agency detailing plans to set binding regional caps on energy consumption.

Quoting Jiang Bing, head of the planning department of the National Energy Administration, the news agency reported that the proposals for energy quotas would be released in the near future, although it added that the plans would need approval from China’s State Council.

Jiang also signalled that the quotas would only apply to energy derived from fossil fuels with hydro, wind and solar power exempted from the caps.

CLICK HERE TO READ MORE OR COMMENT

Read more

Climate Progress

The Future of Coal: The “Dead Island of Hashima”

What happens when a community dependent on a finite fossil resource can no longer go on exploiting? These powerful pictures tell the story.

The dead island of Hashima delivers a lively warning about the importance of foresight. It offers a view of the end result of “development,” the fate of a community severed from Mother Earth and engaged in a way of life disconnected from its food supply. In short, Hashima is what the world will be like when we finish urbanizing and exploiting it: a ghost planet spinning through space—silent, naked, and useless.

— Brian Burke-Gaffney, Nagasaki Institute of Applied Science

Located 18 miles off the coast of Nagasaki, the island of Hashima was once the hub of Japan’s coal mining activity. From the early 1900′s to the 1970′s, the island played a major role in Japan’s economic growth. Owned by Mitsubishi, it was home to dangerous undersea mines that killed hundreds of people. At its peak, Hashima was producing about 400,000 tons of coal per year — more coal than the U.S. exported to China in 2009.


Hashima was was completely dependent on the outside world. It had coal, and that was it. The community, which peaked at over 5,200 people, had to import everything — food, fresh water, building materials and clothing. So when Japan started transitioning from a coal-based economy to an oil-based economy, the island had nothing else to rely on. Mitsubishi began laying off workers in the 1960′s and eventually shut down the entire community in 1974:

Read more

Older

Switch to Mobile
ThinkProgress Signup Overlay Skip and Continue to ThinkProgress Skip and Continue to ThinkProgress

Sign Up