Geoeconomics and economic statecraft are expressions that are frequently heard. Both terms have almost the same meaning, that is, to use economic and technological power to coerce other countries to exhibit friendly behaviors or refrain from hostile activities. Thus, economic statecraft, which includes financial sanctions, has been dubbed “war by other means.”
For Japan, and many other countries, it would be preferable to counter China and alter its behavior without military action. The United States and Japan, allies of advanced economies, appear to have agile statecraft capabilities.
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