EFSAS Study Paper: Indo-Pacific Strategy | The Quad & India-Japan Relations
December 6, 2022
The development of closer bilateral ties between India and Japan is a development that is driven by the shifting geostrategic dynamics of the 21st century. Throughout the Cold War, Japan’s security ties with the United States and its security dependence on the US was contrasted by India’s close relationship with the Soviet Union and India’s leading role in the non-aligned movement, with Japan often being viewed as little more than a US-lackey by Indian policymakers. Trade relations initially deepened following the end of the Cold War and the 1991 introduction of structural economic reforms in India that included the liberalization of industrial licenses, facilitated enhanced foreign direct investment (FDI), and corrected the Indian Rupee’s overvalued exchange rate.
