Foreign fast food and casual dining companies are ready to take a bite out of Japan’s food market, in spite of the country’s hampering tax hikes and reports about the struggles of major players like McDonald’s. In quick succession at the start of this year, a string of overseas companies, mainly American, announced that they would enter the Japanese market.
The first round of the unified local elections on April 12 showed once again that Prime Minister Shinzo Abe and his ruling Liberal Democratic Party are in firm control of the nation. More than two years after the December 2012 general elections, there remains no sign whatsoever that the opposition parties are on the rebound or can even put up a decent fight against the ruling coalition.
Local communities and governments hoping for an economic boost through a direct connection to Narita Airport’s newly-opened Terminal 3 might be in for a disappointment. The terminal currently hosts five low cost carriers (LCCs), companies that tend to operate only on highly profitable and popular routes.
In the year 2011 the Obama administration rolled out a new policy called the “Pivot to Asia,” which was supposed to herald a shifting of the United States’ attention and resources to the Asia-Pacific, deemed to be the most important geography for the emerging 21st century.
Japan Innovation Party leader Kenji Eda couldn’t have framed the events in starker terms when he discussed the issue of the Asian Infrastructure Investment Bank at a press conference last Thursday: “It was a victory for Chinese diplomacy and a complete defeat for Japanese diplomacy,” he declared.
