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Much has been written on how an increasingly assertive China has sought to challenge the incumbent players in the global and regional arenas. Japan, as East Asia's regional hegemon, is said to be throwing its weight behind the US because it has much to lose in an era of China rising. Nevertheless, how much of this resembles reality? This article seeks to unpack some commonly held assumptions, focusing on the political/security as well as economic choices facing Japan. It argues that the Japanese have seemingly forged a rather strong alignment with the US in the sphere of politics/security, often with an eye to limit the influence of China. However, the situation is less clear cut when it comes to opportunities and challenges in the economic realm. Indeed, in some of Japan's most prominent industries, one observes complementarity effects and close interdependence with the Chinese economy. These findings illustrate that China-Japan competition is more complex than commonly portrayed, in addition to raising questions about the complicating effects that economic interdependence can have in a nation's "strategic" policies. [ABSTRACT FROM AUTHOR]

Considering the relations between Japan and mainland China from 1952 to 1972, it is possible to say that there were "twenty lost years" in East Asian regional politics, because of no official diplomatic relations between Japan and China, which have been the two biggest powers of East Asia. The research question of this study is how the relations between the two countries developed in this process, when the political power in Japan did not prefer recognizing the communist regime in mainland China instead of its nationalist counterpart in Taiwan due to the Cold War political conjuncture. Accordingly, in this study, the period between 1952-1972 was examined in terms of economic diplomacy. Economics was perhaps the only factor that kept the people of the two countries dependent on each other. Informal and individual initiatives and businesses established during this period, which were sometimes openly supported by politicians behind closed doors, ensured that the threads were never broken in Sino-Japanese relations. In this context, the names, Takasaki Tatsunosuke in Japan and Liao Chengzhi in China, stood out. [ABSTRACT FROM AUTHOR]

East Asia is witnessing a power shift with the rise of China and Japan's relative decline. While Sino-Japanese relations have been extensively studied, a systematic examination of the power shift and its implications is lacking. This article attempts to help fill the gap. It begins with a discussion of four dimensions of power, including power as an attribute, relational power, structural power and soft power. It then investigates the shifting power balance between China and Japan in the four dimensions. The following section looks into four possible scenarios for the development of Sino-Japanese relations and their implications for East Asia. [ABSTRACT FROM AUTHOR]

The dollar dominance in East Asia has depended on its regional support. Japan's supportive policy toward the dollar, however, shifted in the late 1990s as the Japanese government began to address the region's heavy dependence on the dollar, which was regarded as one (but an important one) of the causes of the 1997 Asian Financial Crisis (AFC), by promoting the use of the yen in the region and regional monetary initiatives. Despite emerging signs of those challenges, Japan's domestic resistance and the region's power rivalry between Japan and China still makes the dollar the currency of choice in the medium term future. [ABSTRACT FROM AUTHOR]