Current trends in Japan’s economic cooperation with the SCO member states

The paper considers the Japanese economic policy towards the SCO member states, which is built on the basis of Japans long-term interests in the Asian region. The Shanghai Cooperation Organization is quite diverse: some countries (India, China) are moving in the high-speed segment of the world econo...

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Main Author: Konstantin A. Korneev
Format: Article
Language:English
Published: Peoples’ Friendship University of Russia (RUDN University) 2021-12-01
Series:RUDN Journal of Economics
Subjects:
Online Access:http://journals.rudn.ru/economics/article/viewFile/30105/20308
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author Konstantin A. Korneev
author_facet Konstantin A. Korneev
author_sort Konstantin A. Korneev
collection DOAJ
description The paper considers the Japanese economic policy towards the SCO member states, which is built on the basis of Japans long-term interests in the Asian region. The Shanghai Cooperation Organization is quite diverse: some countries (India, China) are moving in the high-speed segment of the world economy and have annual GDP growth (excluding the fall in 2020 caused by the pandemic) at the level of 5% or more, while others (for example, Russia) are in the low-speed segment. This forms a different content of Japans foreign economic policy in relation to the individual SCO states, but there are also a number of general trends due to the current structure of Japanese exports/imports. For more than a decade, Japan has been facing a difficult task of overcoming prolonged economic stagnation not only through internal reforms, but also through expanding the borders of its foreign trade activities, and the SCO countries with their capacious domestic markets experiencing a shortage of high-tech products are among the priority areas for Japanese exports. Therefore, the urgent content of Japanese foreign economic policy in the SCO area is of considerable scientific interest.
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spelling doaj.art-a963394783d741b893e7093b97e44d312022-12-21T23:43:51ZengPeoples’ Friendship University of Russia (RUDN University)RUDN Journal of Economics2313-23292408-89862021-12-0129475076210.22363/2313-2329-2021-29-4-750-76220937Current trends in Japan’s economic cooperation with the SCO member statesKonstantin A. Korneev0Institute of Far Eastern Studies of the Russian Academy of SciencesThe paper considers the Japanese economic policy towards the SCO member states, which is built on the basis of Japans long-term interests in the Asian region. The Shanghai Cooperation Organization is quite diverse: some countries (India, China) are moving in the high-speed segment of the world economy and have annual GDP growth (excluding the fall in 2020 caused by the pandemic) at the level of 5% or more, while others (for example, Russia) are in the low-speed segment. This forms a different content of Japans foreign economic policy in relation to the individual SCO states, but there are also a number of general trends due to the current structure of Japanese exports/imports. For more than a decade, Japan has been facing a difficult task of overcoming prolonged economic stagnation not only through internal reforms, but also through expanding the borders of its foreign trade activities, and the SCO countries with their capacious domestic markets experiencing a shortage of high-tech products are among the priority areas for Japanese exports. Therefore, the urgent content of Japanese foreign economic policy in the SCO area is of considerable scientific interest.http://journals.rudn.ru/economics/article/viewFile/30105/20308japanshanghai cooperation organizationforeign economic policytrade relationseconomic relationscurrent state of cooperationprospects of cooperation
spellingShingle Konstantin A. Korneev
Current trends in Japan’s economic cooperation with the SCO member states
RUDN Journal of Economics
japan
shanghai cooperation organization
foreign economic policy
trade relations
economic relations
current state of cooperation
prospects of cooperation
title Current trends in Japan’s economic cooperation with the SCO member states
title_full Current trends in Japan’s economic cooperation with the SCO member states
title_fullStr Current trends in Japan’s economic cooperation with the SCO member states
title_full_unstemmed Current trends in Japan’s economic cooperation with the SCO member states
title_short Current trends in Japan’s economic cooperation with the SCO member states
title_sort current trends in japan s economic cooperation with the sco member states
topic japan
shanghai cooperation organization
foreign economic policy
trade relations
economic relations
current state of cooperation
prospects of cooperation
url http://journals.rudn.ru/economics/article/viewFile/30105/20308
work_keys_str_mv AT konstantinakorneev currenttrendsinjapanseconomiccooperationwiththescomemberstates