One of the foremost challenges awaiting the new Prime Minister of Japan, Yoshihide Suga, is how to bring the Japanese economy ¡ª facing a crippling recession spurred in part by the COVID-19 pandemic ¡ª back on track.
The debate is focused on the extent to which the new leadership in Tokyo can transition from ¡°Abenomics¡± to ¡°Suganomics¡± while building a competitive domestic environment. Shinzo Abe, Japan¡¯s longest serving Prime Minister, invested heavily in the country¡¯s economy.
His influence is reflected greatly in Japan¡¯s foreign policy initiatives concentrated on forging greater trade and economic investment partnerships with Japan¡¯s Indo-Pacific partners, especially India. This begs the question: What are the implications that Suganomics will have on the India-Japan partnership, both bilaterally and regionally?
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