Japan’s economic security push heralds rising protectionism in Asia

An obsession with “security” can create increasing insecurity. This paradox is being amply demonstrated as advanced nations, including the United States and Japan, take or contemplate joint action aimed at bolstering economic security but which could erode global economic growth and prosperity – or even result in physical conflict. How might such threats crystallise? Strengthening security, whether economic or military, suggests increased defence spending to, for example, secure sea lanes and...