South China Morning Post
International · 1 hrs ago
✦ 72◉ Centre
How Japan’s new economic model could inspire others to ‘look east’
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Accuracy 72/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
Japan is adopting a more state-led economic model under Prime Minister Sanae Takaichi, potentially reviving interest in the 'Look East' policy that Malaysian leader Mahathir Mohamad promoted in the 1980s for Southeast Asian nations to follow Japan and East Asia's development approach rather than Western market-dominated models.
How Japan’s new economic model could inspire others to ‘look east’
In the 1980s, then Malaysian prime minister Mahathir Mohamad launched his “Look East” policy, urging his country and others in Southeast Asia to emulate the state-led economic development models of Japan, South Korea and Taiwan, rather than those of market-dominated Western nations.
China subsequently emerged as a prime example of state-led development, but Japan is now leaning again towards a more dirigiste model under the administration of Japanese Prime Minister Sanae Takaichi, not only in...
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