The problem with Japanโs bid to strengthen energy security, supply chains
What is in effect Japanโs version of the Belt and Road Initiative is being rolled out at an accelerating pace. But unlike Chinaโs global infrastructure initiative, which mainly takes the form of highways, railways and sea lanes, Japanโs project is all about energy networks and supply chains. It poses a further challenge to Americaโs waning economic and strategic influence in Asia, the worldโs most populous, resource-rich and potentially powerful region. What is more, it is a cooperative venture...