Economic security is becoming increasingly important amidst growing geopolitical tensions. In light of China's 2010 rare earth mineral export restrictions and the COVID-19 pandemic's impact on supply chains, Japan has prioritised not only strengthening supply chain resilience and market competitiveness but also building up Japan's geo-economic influence to counteract foreign economic pressure through the 2022 Economic Security Promotion Act.

How does Japan's idea of economic security differ from the United States and Europe? What role does government-industry coordination play? And what lessons can Australia draw from Japan’s experience?

Kazuto Suzuki sat down with USSC Director of Research Jared Mondschein to discuss these questions. Kazuto is a professor at the Graduate School of Public Policy at the University of Tokyo and Director of the Institute of Geoeconomics at the International House of Japan.

This activity was supported by the Australian Government via a grant from the Australia-Japan Foundation.

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Produced by: Elliott Brennan

Music by Dan Phillipson, licensed through PremiumBeat