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AiF insight | U.S.-Japan Joint Statement

https://www.mofa.go.jp/pageite_000001_00262.html

Apr 11, 2024, Japanese Prime Minister Fumio Kishida visits the United States, delivers remarks to Congress in joint meeting.

Kishida stated, “This self-doubt is arising at a time when our world is at history’s turning point. The postCold War era is already behind us, and we are now at an inflection point that will define the next stage of human history. The international order that the U.S. worked for generations to build is facing new challenges, challenges from those with values and principles very different from ours. Freedom and democracy are currently under threat around the globe.”

“I want to address those Americans who feel the loneliness and exhaustion of being the country that has upheld the international order almost singlehandedly. I understand it is a heavy burden to carry such hopes on your shoulders. Although the world looks to your leadership, the U.S. should not be expected to do it all, unaided and on your own.”

At the conclusion of his speech, Kishida stated, “ ‘ Global Partners for the Future.’ - We are your global partner today, and we will be your global partner in the years ahead. ” He underscored Japan's stance, emphasizing that Japan will shoulder significant responsibility alongside the United States to uphold the international order based on freedom and democracy. He called for close unity between Japan and the United States.

https://www.zaobao.com.sg/realtime/world/story20240411-3368399

Following that, the United States and Japan issued a joint statement, marking the most significant upgrade in the history of the U.S.-Japan alliance.

“Through our shared and steadfast commitment, we have taken bold and courageous steps to bring the U.S.-Japan Alliance to unprecedented heights. In so doing, we have equipped our partnership to protect and advance peace, security, prosperity, and the rule of law across the Indo-Pacific and the globe so that everyone benefits. Today, we celebrate the enduring friendship among our peoples—and among ourselves—and pledge to continue our relentless efforts to ensure that our global partnership drives future peace and prosperity for generations to come.”

American international political and economic observer Julia Xu believes: This declaration will become an important historical document in the future, marking the beginning of a new era. Japan will become the United States' staunchest ally in East Asia, with comprehensive political, economic, and military ties between the two nations.

This aligns with AiF's previous perspectives:

AiF insight | Yellen says U.S. plans to ‘underscore’ need for China to shift policy

AiF insight | The regional economic landscape has taken shape

AiF reminds everyone that such developments represent a new paradigm for our investments. Many investment portfolios will need to change to adapt to this new situation. Adhering to existing investment models could potentially lead to significant failures in investment.

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