Showing posts with label US tariffs. Show all posts
Showing posts with label US tariffs. Show all posts

Tuesday, 21 October 2025

Can Takaichi be “Iron Lady” of Japan?

Sanae Takaichi has won the parliamentary vote to become Japan’s prime minister, making her the first woman to clinch the nation’s top job in a country that ranks low in female political representation. Here’s a look at the new premier who’s an admirer of the hard-nosed politics of Iron Lady, Margaret Thatcher.

Her real challenge will not come from rivals or parliament — it will come from the economy. She could well become Japan’s Iron Lady, not through war or ideology, but through her ability to steer the country out of its prolonged economic stagnation.

Japan’s economy, once an emblem of post-war recovery and industrial excellence, has been losing momentum for decades. Aging demographics, shrinking productivity, and mounting debt have created a complex policy maze. The nation that built the world’s most efficient industries now faces declining competitiveness, reliance on imported energy, and a vulnerable yen. A true reformist must confront these realities with courage and consistency — qualities that define an iron leader.

The parallels with Margaret Thatcher are not misplaced. When Thatcher came to power, Britain was sinking under inflation, labor unrest, and fiscal weakness.

Similarly, Takaichi would need to challenge decades of bureaucratic comfort, revive investor confidence, and make painful structural reforms — even if those choices upset entrenched interests within her own party.

She has to focus on restoring economic sovereignty. Japan’s dependence on foreign energy and global supply chains exposes it to external shocks. A bold policy mix — energy diversification, digital transformation, and innovation-driven industrial growth — could gradually restore national resilience. Instead of expanding debt to stimulate demand, she may prefer fiscal prudence, targeted spending, and reforms that attract foreign investment without compromising independence.

At the same time, she has to navigate global economic warfare. In an era where sanctions, tariffs, and currency manipulation replace military confrontation, Japan is often caught between Washington’s strategic interests and Beijing’s market influence. Balancing both relationships without hurting Japan’s trade or technology sectors will require diplomatic finesse and strategic depth — the real test of her strength.

Internally, the toughest challenge will be political. Japan’s ruling establishment is dominated by conservative men who resist change. A woman at the top would have to prove that strength is not measured in volume but in vision — and that discipline and clarity are as powerful as confrontation.

If she succeeds, Japan could witness its own economic renaissance. Her iron resolve could redefine governance — less about charisma, more about competence. She would not be remembered for waging wars, but for rebuilding Japan’s confidence in its own economic future.

Japan does not need another populist; it needs a reformer with steel in her resolve and clarity in her economics. If that leader happens to be a woman, she may well be remembered as the Iron Lady who reshaped Japan — not through power, but through policy.

Monday, 11 August 2025

India: Calls to boycott US goods

From McDonald's and Coca-Cola to Amazon and Apple, US-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi's supporters stoke anti-American sentiment to protest against US tariffs, reports Reuters.

India, the world's most populous nation, is a key market for American brands that have rapidly expanded to target a growing base of affluent consumers, many of whom remain infatuated with international labels seen as symbols of moving up in life.

India, for example, is the biggest market by users for Meta's WhatsApp and Domino's has more restaurants than any other brand in the country. Beverages like Pepsi and Coca-Cola often dominate store shelves, and people still queue up when a new Apple store opens or a Starbucks cafe doles out discounts.

Although there was no immediate indication of sales being hit, there's a growing chorus both on social media and offline to buy local and ditch American products after Donald Trump imposed a 50% tariff on goods from India, rattling exporters and damaging ties between New Delhi and Washington.

Manish Chowdhary, co-founder of India's Wow Skin Science, took to LinkedIn with a video message urging support for farmers and startups to make "Made in India" a "global obsession," and to learn from South Korea whose food and beauty products are famous worldwide.

"We have lined up for products from thousands of miles away. We have proudly spent on brands that we don't own, while our own makers fight for attention in their own country," he said.

Rahm Shastry, CEO of India's DriveU, which provides a car driver on call service, wrote on LinkedIn: "India should have its own home-grown Twitter/ Google/ YouTube/ WhatsApp/ FB -- like China has."

To be fair, Indian retail companies give foreign brands like Starbucks stiff competition in the domestic market, but going global has been a challenge.

Indian IT services firms, however, have become deeply entrenched in the global economy, with the likes of TCS and Infosys providing software solutions to clients world over.

On Sunday, Modi made a "special appeal" for becoming self-reliant, telling a gathering in Bengaluru that Indian technology companies made products for the world but "now is the time for us to give more priority to India's needs."