China and Japan in the Global Economy

Tomoo Kikuchi is Visiting Senior Fellow at S. Rajaratnam School of International Studies, Nanyang Technological University, Singapore.Masaya Sakuragawa is Professor at the Faculty of Economics, Keio University, Japan.

'The book makes for an interesting reading on cooperation amongst the Asian countries, especially the roles of Japan and China that are necessary to achieve economic and financial integration in Asia. The authors provide detailed statistics wherever necessary to support their arguments. Each chapter is followed by a discussion in which the authors provide responses to the questions raised on their research…' — Economic Issues, Vol. 24, Part 1, 2019

• 1. Introduction: China and Japan in the Global Economy (Tomoo Kikuchi and Masaya Sakuragawa) 2. Will the 21st Century be an Asian Century? A Global Perspective (Masahiro Kawai) 3. Geopolitics in East Asia (Huang Jing) 4. Regional Integration: Is Europe Special (Sahoko Kaji) 5. The Chinese Economy and the Sino-Japanese Economic Relations (Yuqing Xing) 6. Infrastructure and Development in Asia: The Quality of Infrastructure and the Project Implementation (Fukunari Kimura) 7. Advancing the ASEAN Economic Community: The Role of China and Japan in Supporting ASEAN's Regional Integration (Blake H. Berger) 8. Internationalisation of the Yen in Asia: Has Regional Economic Integration Promoted Yen Invoiced Trade? (Kiyotaka Sato) 9. A Cautionary Tale of Market Power and Foreign Policy: Beyond the Geoeconomics of Renminbi Internationalisation (June Park) 10. Prospects for a Multicurrency Clearing System in Asia (Masaya Sakuragawa and Junichi Shukuwa) 11. Concluding Policy Proposals (Blake H. Berger, Tomoo Kikuchi and Masaya Sakuragawa)