Japan Rearms + Guns vs. Butter + Global Defense Spending Boom
As governments around the world ramp up defense spending, a new era of rearmament is reshaping economies, markets, inflation, and politics. This episode examines Japan’s dramatic shift away from its postwar pacifist identity amid rising tensions with China, ongoing conflicts in the Middle East, and growing uncertainty around the global security role of the U.S.
Hosts:
Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics, Council on Foreign Relations (CFR)
Rebecca Patterson, Senior Fellow, Council on Foreign Relations (CFR)
We discuss:
Why the rearmament boom is…
The skinny
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