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Resource security and the Australia-Japan economic relationship

Wilson, J.D. (2013) Resource security and the Australia-Japan economic relationship. The Conversation, 15 April .

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The Australia-Japan economic relationship is broad, deep, and has an extensive history. However, issues to do with natural resources – minerals, energy and food – loom large in the politics of the contemporary bilateral relationship.

During the recent resources boom, global resource prices have surged. As an import-dependent economy with few domestic sources, this poses major resource security challenges for Japan. Resource issues dominate Japanese thinking on the Australia-Japan bilateral relationship.

In response to growing resource insecurity, the Japanese government has recently launched a range of policy initiatives to secure its access to resources. These include governmental subsidies for overseas resource investments; “resources diplomacy” initiatives targeted at key suppliers; and the negotiation of free trade agreements that include “resource clauses” to stabilise supply from partners in the region. Australia has been one of the primary targets of Japan’s resource security strategy.

Item Type: Non-refereed Article
Murdoch Affiliation(s): Asia Research Centre
Publisher: The Conversation Media Group
Copyright: The Author
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