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On May 24, 2024, Satoshi Yamaguchi, drummer (RADWIMPS) and Visiting Researcher at Keio University, gave an inspiring talk to alumni and students of all of SPICE’s 2023–2024 courses in China, Japan, and the United States. This was the first time that a special online session was held for all of SPICE’s courses. Rylan Sekiguchi facilitated the session, and Dr. Makiko Hirata served as an interpreter.

Drummer Satoshi Yamaguchi joined the rock band RADWIMPS as a freshman in college. When he was 20 years old, the band made its major label debut and quickly grew in popularity, earning multiple #1 hits, awards, and recognitions. According to Satoshi, “Everything was smooth sailing.” However, in 2009 Satoshi began to suffer from musicians’ dystonia, a condition that made it increasingly difficult for him to play the drums. According to Satoshi, “in 2015, in the middle of creating music for the megahit anime movie Your Name that would catapult RADWIMPS to worldwide fame, I made the difficult decision to leave the band on an indefinite hiatus. It was an extremely emotional and painful time for me.” Today Satoshi is a small business owner in a town called Hayama in Kanagawa Prefecture, Japan—growing rice and running an ice cream factory—and is also a Visiting Researcher at Keio University, where he conducts research on musicians’ dystonia with Dr. Shinya Fujii, Director of Neuromusiclab at Keio University Shonan Fujisawa Campus. He is also collaborating with Dr. Takako Fujioka, Professor of Music at Stanford University, who is a neuroscientist investigating brain functions related to music. Together they work on a research project that focuses on physical and psychological health issues in drummers in the United States. Satoshi hopes to understand his condition better and eventually return to the stage.

In the special online session, Satoshi shared his unique life experiences—both successes and setbacks—and how they have shaped his attitude and perspectives on life. In his opening comments, he noted, “I would be very happy if I could share with you some insights that I have gained through my experiences and words that have supported me during difficult times, and if they could provide some hints for your future life.” As students and alumni of SPICE’s courses reflected upon his talk, multiple insights that he shared especially stood out and are important lessons for youth. These insights are shared below through eight excerpts from his talk.

First, while reflecting on his youth, Satoshi noted,

Not long before I joined RADWIMPS, when I was in high school, I formed a metal rock band with my music-loving friends in my hometown of Yokohama and played the drums. I was so busy with my band and part-time job that I didn’t study much, especially English, which I was very bad at. It is hard to believe that I am speaking in English in front of you today.


Satoshi’s presentation in English to the biggest audience of students SPICE has ever convened was an inspiration for students who are studying English in Japan and China, and English language learners in the United States.

Second, while reflecting upon a band competition as a high school student, he noted,

… our [metal rock] band’s goal was to participate in a national high school music festival held once a year at Yokohama Arena! How fascinating to have the chance to perform on a stage big enough to hold 10,000 people, isn’t it? Of course, the auditions were tough, and we were unsuccessful in our first and second years, but in our third year, we finally made it to the finals. On the day of the show, we were full of confidence. After successfully completing our performance as the first band, we listened to our rivals, saying “None of the other bands were that good.” However, when I heard the last band’s song, I was shocked beyond belief. It was RADWIMPS. Some of the lyrics of one of their songs made me think that someone else seemed to know my heart better than I. RADWIMPS won the competition, my band lost.


Satoshi ended this segment of his talk by noting that “Perhaps the day will come when your biggest rival today will become your best friend.” This statement really seemed to have resonated in students, as they all knew that Satoshi eventually joined RADWIMPS.

Third, Satoshi reflected upon a life-long lesson that he learned from one of his fellow RADWIMPS band members. Satoshi recalled,

Toward the end of my first year of college, my [metal rock] band broke up and RADWIMPS was looking for a new drummer, which led to me joining. We were creating new songs, but at the time I could only hit a simple 8-note beat, which is often played in rock music. One day, Yojiro, the songwriter, said to me, “Satoshi, you are not allowed to play an 8-note beat without a reason.” When I was confused, he said, “We are going to make music that has never been made before. We are aiming for a future where a genre called RADWIMPS will be born, just like rock, pop, and jazz. To do that, you can’t just play the beats that have been around before, can you? You have to pursue your own new beat.” At another time, he said, “Your children and grandchildren will one day listen to the beats you play. Are you sure that’s the best beat?” It is embarrassing to look back now, but at the time I did not have his kind of vision at all.


Throughout his talk, Satoshi underscored the importance of creativity. I believe that his statement, “You have to pursue your own new beat,” has remained in the minds of many students. Another insight that he shared was that “Out of limitations come innovations. Being forbidden to play the 8-note beat, which I was most familiar with, allowed me to use my imagination, which had been dormant inside me, to ask, ‘What can I do then?’” One beat that was created at that time became the basis for the theme song of Your Name.

Fourth, while Satoshi openly shared his experience with musicians’ dystonia, I witnessed the very serious looks on the faces of the students and alumni. He reflected,

… when I was 24 years old, my right foot suddenly stopped moving while playing the drums. This was a symptom called musicians’ dystonia, as I later found out. The bass drum, played with the right foot, is the foundation of music. The dystonia made it impossible for me to express myself musically as I had imagined. For the next six years, I continued to perform, trying to do the best I could. However, the symptoms gradually became worse, eventually spreading to my left foot, and I no longer found pleasure in playing music. Then in 2015, I made the decision to give up being the drummer of my favorite band in the world and take an indefinite hiatus. It was one of the heaviest and most painful moments of my life.


I am confident that Satoshi’s reflections prompted many students to think about the “heaviest and most painful moments” in their lives and ask themselves, “What can we learn from these moments, and how can we use these lessons as we go through our lives?”

Fifth, Satoshi reflected upon the continued success of RADWIMPS and noted,

When I was exhausted both mentally and physically, I came across this town, Hayama…[with a view of] Mt. Fuji over the sea. When I saw this scenery, for the first time in a long time, I felt a sincere emotion. I loved the state of mind I was in when I was looking at this mountain. I felt that this town was calling me. Trusting this intuition, I decided to move to Hayama with my family. Shortly after I started living in Hayama, I encountered these rice terraces… as I deepened my relationships with local farmers, I learned that rice terraces were facing a number of difficulties and their survival was at risk. I began to wonder if I could do something about this place that had saved my life.


Hayama’s rice terraces are visited by Silicon Valley Keio International Program (SKIP), an international exchange program between Keio and Stanford students. Through such programs, Satoshi is giving back to his community by “respecting tradition while innovating it,” and Satoshi hopes that all students will consider this as well for communities that have made a difference in their lives.

Sixth, 20 years later, RADWIMPS has become one of Japan’s leading bands, and Satoshi commented that “my three sons sing our songs every day! I am now once again feeling the amazing power of having a vision.” Satoshi urged the audience to “imagine what the future looks like, and then truly believe that it can be realized,” which is such a powerful message for youth. Also, about half a year into his farming life, the film Your Name was released in September 2016. Satoshi was impressed with the film but felt that,

… the whole world was telling me, “You made the wrong choice.” And I couldn’t even listen to the past songs of RADWIMPS anymore. I was also disappointed in myself for not being able to honestly be happy about the success of a band without me. But it was also music that saved me from such feelings…. If success is all there is to life, then it might mean that I, who could not share in the worldwide success of Your Name, would be unhappy for the rest of my life. But is that really true? There might be other ways to find happiness. That’s how I came to think of it.


Following this reflection, Satoshi decided to seek his “own kind of honest enjoyment” and encourages students to seek theirs as well.

Seventh, during a recent research visit to Stanford University, he was introduced to Stanford Taiko through a student whom he met through SKIP, and also met Roy and PJ Hirabayashi, founding directors of San Jose Taiko. Sekiguchi, who moderated the seminar by Satoshi, used to be a performer with both Stanford Taiko and San Jose Taiko. Reflecting on a San Jose Taiko performance, Satoshi stated,

I have seen many shows in my life, but this was the first time I had ever seen an encore that not only involved all of the performers but the audience as well dancing in a circle. It made me rethink the essence of what music is. And as I played with people who truly love taiko and music, I gradually remembered the joy of playing instruments. After all, I want to play drums again… [While observing taiko and talking with PJ, Satoshi realized that] It is ‘using the voice to make the real bass drum sound.’ It happened while I was learning a new beat for taiko. In the taiko community, there is no musical score, and rhythmic patterns are taught orally.


He commented to students that “singing and the voice are the most fundamental instruments that humans have,” and that “other instruments are an extension of them.” He is currently working on the research and development of a new instrument using the voice. He believes that he will find his own “new sound” and the day will come when he will once again stand on stage as the drummer of RADWIMPS.

Eighth, Satoshi concluded his talk with two reflections on his life. The first was “Difficulties can be a catalyst to create new value.” He stated, “In life, difficulties are inevitable… No one in this world can live alone. Don’t be afraid to ask for help. Likewise, if someone asks you for advice, please listen intently with the attitude, ‘What can I do for you?’” The second was “What has been does not determine what will be, but what will be gives meaning to what has been.” He stated, “In the future, when you are choosing a career path, a place of employment, or anything else, you may be wondering, ‘Is this really the right choice?’ Or, after you have made your choice, you may feel that ‘This is not how it was supposed to be.’ I believe that the important thing is not what you choose, but what you do after you choose. I was on the verge of great global success but was unable to witness it. But I have been valuing what I enjoy, what I like, what I want to do, and as a result, I am living very happily now. If you ever lose your way in the future, I would be happy [if you] remember that there is someone living life like this.”

SPICE is grateful to Sabrina Ishimatsu for organizing this special online session. SPICE hopes to feature another musician in a second special online session in 2025.

To stay informed of SPICE news, join our email list and follow us on Facebook, X, and Instagram.

To learn more about SPICE’s student programs, visit our Student Programs page.

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Satoshi Yamaguchi inspires students to overcome setbacks.

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Questions about the likelihood of conflict between the United States and China have dominated international policy discussion for years. But the leading theory of power transitions between a declining hegemon and a rising rival is based exclusively on European examples, such as the Peloponnesian War, as chronicled by Thucydides, as well as the rise of Germany under Bismarck and the Anglo-German rivalry of the nineteenth and early twentieth centuries. What lessons does East Asian history offer, for both the power transitions debate and the future of U.S.-China relations?

Examining the rise and fall of East Asian powers over 1,500 years, Beyond Power Transitions offers a new perspective on the forces that shape war and peace. Xinru Ma and David C. Kang argue that focusing on the East Asian experience underscores domestic risks and constraints on great powers, not relative rise and decline in international competition. They find that almost every regime transition before the twentieth century was instigated by internal challenges and even the exceptions deviated markedly from the predictions of power transition theory. Instead, East Asia was stable for a remarkably long time despite massive power differences because of common understandings about countries’ relative status. Provocative and incisive, this book challenges prevailing assumptions about the universality of power transition theory and shows why East Asian history has profound implications for international affairs today.

ABOUT THE AUTHORS
Xinru Ma is a Research Fellow on the Stanford Next Asia Policy Lab research team at Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center. Her scholarship focuses on nationalism, great power politics, and East Asian security.

David C. Kang is Maria Crutcher Professor of International Relations at the University of Southern California, where he also directs the Korean Studies Institute. His Columbia University Press books include East Asia Before the West: Five Centuries of Trade and Tribute (2010) and, with Victor D. Cha, Nuclear North Korea: A Debate on Engagement Strategies (revised and updated edition, 2018).

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The Inter-University Center for Japanese Language Studies (IUC), the premier North American program for teaching Japanese, is pleased to welcome Kiyoteru Tsutsui as its new Executive Director. Tsutsui is the Henri H. and Tomoye Takahashi Professor and Senior Fellow in Japanese Studies at the Walter H. Shorenstein Asia-Pacific Research Center (APARC) at Stanford University, where he is also Director of the Japan Program, a Senior Fellow of the Freeman Spogli Institute for International Studies, and a Professor of Sociology. He holds a bachelor’s and master’s in Sociology from Kyoto University, as well
as an additional master’s and PhD in Sociology from Stanford University.

“I am very excited to join the IUC community and deeply honored to serve as its Executive Director,” said Tsutsui. “It’s such an essential part of the ecosystem of Japanese studies in North America, and thanks to the fantastic leadership of Indra Levy, it is thriving as it enters the sixth decade of its existence, serving as the key bridge between aspiring Japanese studies students and their dissertation work, between ambitious professionals and their success in Japan-related fields, and between Japan and North America more broadly.”

Tsutsui’s research interests include political and comparative sociology, social movements, globalization, human rights, and Japanese society, and he has authored numerous papers and several books, including Rights Make Might: Global Human Rights and Minority Social Movements in Japan (Oxford University Press 2018), and two co-edited volumes Corporate Social Responsibility in a Globalizing World (with Alwyn Lim, Cambridge University Press 2015) and The Courteous Power: Japan and Southeast Asia in the Indo-Pacific Era (with John Ciorciari, University of Michigan Press, 2021).

Throughout his career, Tsutsui has worked to build links between Japan and North America in the domains of education, business, technology, and politics, and he has been a stalwart supporter of Japanese studies in North America.

“Kiyo is a passionate advocate for Japanese Studies,” said Indra Levy, Stanford Associate Professor of Japanese Literature and outgoing IUC Executive Director. “His enthusiasm and dynamism will be major assets as the IUC moves into the next chapter of its illustrious history.”

IUC recently celebrated its 60th anniversary and looked back on the impact of six decades of training Japan experts. Alumni of the program have gone on to influence nearly every area of Japanese studies, garnering numerous awards and achievements in higher education, diplomacy, business, art, and philanthropy, including 21 Orders of the Rising Sun and over 1,500 published books. Looking forward, Tsutsui sees a bright future ahead.

“The IUC, with its demonstrated capacity to nurture leaders of Japanese studies, is a critical component of Japan-North America relations,” said Tsutsui. “As Executive Director, I will strive to enhance this important role and ensure we serve the needs of the students, faculty, staff and alumni of the IUC. I believe the IUC can have an even greater impact on Japanese language education and Japan-North America relations, and I look forward to learning from and working with the entire community to realize that mission.”



About IUC


The Inter-University Center for Japanese Language Studies (IUC) is the premier North American program for the teaching of advanced Japanese and has provided language training to more than 3,000 individuals. First established in Tokyo in 1963, the Center now resides in Yokohama, Japan with space, services, and various amenities provided by the municipal government. The program is run by a consortium of 14 North American universities with strong, established graduate programs in Japanese studies.

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Tsutsui, whose research focuses on social movements, human rights, political sociology, and Japanese society, joins the IUC as it recently celebrated its 60th anniversary.

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As nations grapple with an increasingly competitive global talent landscape, a new study, published in the journal World Development, suggests that countries should rethink their approach to developing, attracting, and retaining talent. To address the need for a more complete understanding of cross-national variation in talent development strategy, the study proposes Talent Portfolio Theory (TPT), a novel approach to studying and improving human resource development.

The researchers, Stanford sociologist Gi-Wook Shin, the William J. Perry Professor of Contemporary Korea and the director of APARC and the Korea Program, and Haley Gordon, a PhD candidate at Stanford’s Department of Sociology, draw on the principles of Modern Portfolio Theory, a well-established framework in financial investment literature, to propose a new framework for talent development.

The new framework, TPT, views a nation’s talent strategy much like an investment portfolio, emphasizing the importance of diversification, risk management, and rebalancing. Shin and Grodon examine Japan and Singapore as case studies to illustrate how the TPT approach can help scholars, policymakers, and businesses better understand and optimize talent development strategies.

The study is part of the Talent Flows and Development research track of the Stanford Next Asia Policy Lab (SNAPL). Housed at APARC and directed by Shin, SNAPL is a new initiative committed to addressing emergent social, cultural, economic, and political challenges in Asia-Pacific nations through interdisciplinary, policy-relevant, and comparative research.

Talent Portfolio Theory enables a holistic understanding of a nation’s talent development. TPT also allows us to see the evolution of talent development strategy in terms of rebalancing a talent portfolio over time.
Gi-Wook Shin and Haley Gordon

A Fresh Perspective on Talent Development

Talent development has long been a priority for nations aiming to boost economic growth and compete globally. Traditionally, countries have focused on building human capital — developing skills and education among citizens — and social capital — strengthening networks and relationships that facilitate cooperation and innovation. Existing strategies, however, often overlook the interconnected nature of various talent flows, including the movement of domestic talent, international talent, and diaspora engagement.

Just like financial theory evaluates a given investment (and its risk and return qualities) by how it impacts a portfolio’s overall performance rather than in isolation, TPT treats talent as a portfolio composed of four key elements, known as the “four Bs”: brain train (domestic talent development), brain gain (attracting foreign talent), brain circulation (movement of talent between home and abroad), and brain linkage (engagement with diaspora communities).

“In the study of national talent development, it is imperative to consider both the human and social capital facets of talent, as a country has multiple layers of talent available for use – domestic, diasporic, and foreign – each with different human and social capital potentials,” write Shin and Gordon. They propose TPT as “a better framework for illustrating and comparing different experiences and impacts of talent development at the national level, which is also key in offering policy prescriptions for human resource strategies.”

Talent Portfolio Theory allows for a comparison between Singapore and Japan, [...] explaining how timely rebalancing to maintain diversification enabled the former to sustain success while the latter stagnated, succumbing to risk.
Gi-Wook Shin and Haley Gordon

Insights from Japan and Singapore

Using Japan and Singapore as case studies, the authors demonstrate how countries can apply TPT to manage their talent portfolios. Japan's economic growth relied on two tiers of human capital: top-level scientists and engineers who adapted and integrated foreign technologies for domestic use, and skilled workers who grasped the fundamentals of these adapted technologies and carried out the manufacturing processes. With limited prospects for brain gain, circulation, or linkage, Japan developed these two layers of its workforce by relying on brain train, cultivating domestic talent for its industrial development.

In the early 1990s, however, Japan’s economy ran into trouble. Its system of brain train was well-suited for driving incremental innovation, but it became restrictive in the rapidly evolving landscape of the early 21st century, which demanded more disruptive innovation. “The Japanese model of human resource development necessitated a robust supply of domestic manpower which now became increasingly difficult to sustain, and a shrinking working-age population also meant labor shortage and reduced productivity,” say Shin and Gordon. “In the language of TPT, Japan urgently needed to diversify its talent portfolio beyond its reliance on brain train to address new risks.”

Recognizing the risks of a skewed talent portfolio, Japan began to rebalance its talent portfolio in the 2010s but has struggled with demographic decline and a slow pivot toward international talent. Despite efforts to internationalize higher education and attract foreign talent, Japan’s diversification of its talent portfolio has been stagnant and was hard hit by the COVID-19 pandemic.

In contrast, Singapore’s approach showcases the benefits of a well-balanced talent portfolio. The city-state’s aggressive pursuit of foreign talent (brain gain) and robust engagement with its diaspora (brain linkage) have made it a leader in global talent strategy. Singapore’s government has continually adjusted its policies, actively rebalancing its talent portfolio to maintain a competitive edge.

Singapore started rebalancing its talent portfolio in the 1990s, not only enhancing its efforts toward brain train but also expanding brain gain by internationalizing higher education and actively promoting a “work-migration” path. In tandem with its brain gain initiatives, Singapore also turned to its diaspora, fostering brain circulation and establishing stronger brain linkages. Through concerted efforts by the government and industry, Singapore has successfully produced and attracted creative talent that allowed it to remain globally competitive.

“Talent Portfolio Theory enables a holistic understanding of the various components of Singapore’s talent strategy and its evolution over time, from the country’s focus on brain train during its catch-up phase to its rebalancing with a successful brain gain, in addition to more recent forays into brain circulation and brain linkage,” Shin and Gordon explain.

Countries must enact sociocultural policies that ensure global competitiveness in the new talent market by emphasizing openness, tolerance, and diversity in order to gain the best and brightest brains.
Gi-Wook Shin and Haley Gordon

Toward Fostering Cultural Diversity

TPT offers a powerful framework for crafting more resilient and adaptive talent strategies. As the global competition for skilled workers intensifies, understanding the dynamics of talent portfolios can help countries mitigate risks, capitalize on opportunities, and avoid the pitfalls of overly narrow approaches to human resource development. For instance, countries experiencing demographic decline, like Japan, can look to Singapore’s model of timely rebalancing as a guide for policy adjustment. Businesses also stand to benefit from TPT. The framework encourages companies to look beyond the availability of local talent and consider the broader talent ecosystem, including international talent flows and diaspora engagement.

Shin and Gordon emphasize that structural and sociocultural factors often limit policy options for building and rebalancing talent portfolios. Japan and Singapore illustrate that developed countries with abundant domestic opportunities are better positioned to retain talent and attract brain gain, whereas developing countries often experience talent outflows, favoring brain circulation or linkage (as seen in China and India). Additionally, while ethnically homogenous countries like Japan may prefer to rely on domestic and diasporic talent, multiethnic countries like Singapore can better attract foreign talent and engage in brain gain.

The contrasting experiences of Japan and Singapore underscore the critical importance of fostering cultural diversity to attract foreign talent. Singapore’s success with brain gain, compared to Japan’s more mixed outcomes, largely stems from its multicultural environment, shaped by policies that protect minority rights and actively promote respect for diverse ethnic groups. To remain competitive in the global talent market, countries must prioritize sociocultural policies that cultivate openness, tolerance, and diversity. By embracing these values, nations can attract the best and brightest minds, ensuring their place in a rapidly evolving global economy.

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Stanford researchers Gi-Wook Shin and Haley Gordon propose a novel framework for cross-national understanding of human resource development and a roadmap for countries to improve their talent development strategies.

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Highlights 

  • Talent Portfolio Theory is a new framework for studying human resource development.
  • Talent portfolios use brain train, brain gain, brain circulation, and brain linkage.
  • National talent strategies involve portfolio diversification and rebalancing.
  • Talent Portfolio Theory allows cross-national comparison of talent strategy over time.
  •  While Japan stagnated, Singapore sustained growth by rebalancing its talent portfolio.


In this article, the researchers propose Talent Portfolio Theory (TPT) as a new framework for studying human resource development. Drawing insights from Modern Portfolio Theory in financial investment, TPT views a nation’s talent development as creating a “talent portfolio” composed of four “B”s: brain train, brain gain, brain circulation, and brain linkage. TPT attends to how a talent portfolio, like a financial one, is diversified to minimize risk, and how diversification can be maintained via rebalancing. As such, TPT provides a framework that captures the overall picture of a country’s talent strategy and offers a lens through which to understand how a country changes or “rebalances” its talent portfolio over time. It also provides a tool for examining cross-national variation in talent development strategy.

The authors illustrate the utility of TPT with the cases of Japan and Singapore. While human resource development was crucial to the economic rise of both countries, TPT demonstrates that Japan’s and Singapore’s approaches to constructing and rebalancing their talent portfolios took different routes with diverging outcomes. They conclude with discussions of theoretical and policy implications of this new approach for the study and implementation of talent development.

This study is part of the Talent Flows and Development research track of the Stanford Next Asia Policy Lab.

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Cover of the book "Walking Out," showing a group of Asian flags, with the American flag set apart from them.

Watch: APARC Book Launch Event

October 17, 2024

About the Book

From tariff wars to torn-up trade agreements, Michael Beeman explores America's recent and dramatic turn away from support for freer, rules-based trade to instead go its own new way. Focusing on America's trade engagements in the Asia-Pacific, he contrasts the trade policy choices made by America's leaders over several generations with those of today–decisions that are now undermining the trading system America created and triggering new tensions between America and its trading partners, allies and adversaries alike.

With keen insight as a former senior U.S. trade official, Beeman argues that America's exceptionally deep political divisions are driving its policy reversals, giving rise to a new trade policy characterized by zero-sum beliefs about the kind of trade America wants with the world and about new rules for trade that it wants for itself. With enormous implications for the future of regional and global trade, this timely analysis unravels the implications of America's seismic shift in approach for the future of the rules-based trading order and America's role in it.

Walking Out is essential reading for anyone interested in the domestic and international political economy of trade, international relations, and the future of America's role in the global economy.

About the Author

Michael L. Beeman is a visiting scholar at the Walter H. Shorenstein Asia-Pacific Research Center and has taught international policy as a lecturer at Stanford University. From 2017–23, he was the Assistant U.S. Trade Representative for Japan, Korea, and APEC at the Office of the U.S. Trade Representative (USTR), where he led negotiations for the U.S.-Japan Trade Agreement and for the updated U.S.-Korea Free Trade Agreement, among other initiatives. Prior to this, he served for over a decade in other positions at USTR, including as Deputy Assistant U.S. Trade Representative for Japan. He holds a DPhil in politics (University of Oxford) and an MA in international relations (Johns Hopkins University).

"In Walking Out, Beeman discusses how the two administrations have bucked traditional U.S. trade policy in myriad ways. This shift in policy has undermined the international trading system and stoked trade tensions between the U.S., its allies and adversaries, he contends." —Jason Asenso

Read the complete article at Inside U.S. Trade's "World Trade Online" (paywall) >

In the Media


Trump Second Term May Consider Deleting KORUS FTA Government Procurement Chapter 
The Korea Herald Business, January 24, 2025 (interview)

Trump to Push for Universal Tariffs through Legislation, Not Executive Order: Ex-USTR Official
Korea Economic Daily, November 27, 2024 (interview)

On Korea-U.S. Economic Cooperation in the Era of Walking Out
Yonhap News, November 20, 2024 (featured)

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English version/ Japanese version

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The New York Times, October 30, 2024 (quoted)

Multimedia from Book-Related Talks


US-South Korea Economic Cooperation in the Era of Walking Out
Korea Economic Institute, November 19, 2024
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America’s New Trade Policy in the Asia-Pacific and Beyond

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Michael Beeman
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Walter H. Shorenstein Asia-Pacific Research Center
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Natalie Montecino is the Instructor for the Stanford e-Minamata Program, which examines environmental justice, the United Nations’ Sustainable Development Goals, and U.S.–Japan relations. 

In addition to her role with SPICE, Natalie serves as the Executive Director for the Climate Democracy Initiative, a nonprofit organization based in Colorado that supports democratically informed climate solutions. Through her development of education, media, and community organizing programs and partnerships, Natalie seeks to apply critical climate and democracy lenses to all aspects of her work.

Prior to joining SPICE, Natalie completed a Fulbright Fellowship in Okayama, Japan where she researched rural revitalization efforts, community engagement, and local development practices in partnership with Okayama University. During this time, Natalie also studied Japanese tea ceremony and Bizenyaki pottery techniques. 

Born in Littleton, Colorado, Natalie holds a Bachelor of Arts in International Studies from Colorado State University, with concentrations in Japanese, French, International Development, and Political Science. Natalie was one of fifty young leaders chosen from across the world as a Davos50 delegate and guest speaker at the World Economic Forum’s 2025 Annual Meeting in Davos, Switzerland. Additionally, she is an alumna of the Asia Foundation’s LeadNext: Ambassadors for a Global Future program and the Critical Language Scholarship’s Japanese program. 

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Shorenstein APARC
Stanford University
Encina Hall, E301
Stanford,  CA  94305-6055

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Global Affiliate Visiting Scholar, 2024-25
Development Bank of Japan
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Hiroyuki Yamada is a global affiliate visiting scholar at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2024-25. Yamada has over 20 years of experience with the Development Bank of Japan (investment bank fully owned by the Japanese Ministry of Finance) and has acquired a comprehensive knowledge and skills in corporate finance, business turnaround management, asset management business and corporate planning. Yamada earned his Bachelor of Economics from Keio University in 2000 and his Master of Business Administration in Finance from Hitotsubashi University in 2011. While at APARC, he will be conducting research on how to promote Japanese companies to digitalize.

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Michael Breger
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The Indo-Pacific, the world’s fastest-growing region in the global economy, faces complex geopolitical and geo-economic risks. Amid Russia’s unrelenting war in Ukraine and its strengthening ties with a bellicose North Korea, China continues to exert its power through economic coercion and diplomatic pressures. Meanwhile, Asia's established and aspiring democracies must rise to the challenge of preventing further democratic decline and revitalizing their institutions. These trends dominated the agenda at the recent Nikkei Forum, The Liberal International Order in the Indo-Pacific.

Cohosted by Shorenstein APARC, the Keio Center for Strategy at the Keio University Global Research Institute, and Nikkei Inc., the forum was held on June 24, 2024, at Keio University and featured Freeman Spogli Institute (FSI) and Keio experts. Its first session, moderated by Akio Fujii, executive chair of the editorial board at Nikkei Inc., included panelists Oriana Skylar Mastro, FSI center fellow at APARC, and Michael McFaul, the director of FSI. They examined the geopolitical effects of the war in Ukraine, deterrence and provocation in Taiwan, and their implications for security in the Indo-Pacific. The second session, moderated by Nikkei commentator Hiroyuki Akita, included Gi-Wook Shin, the director of APARC and director of the Korea Program, and Kiyoteru Tsutsui, the deputy director of APARC and director of the Japan Program. Panelists considered the connectivity of European and Indo-Pacific security, the rise of authoritarianism and global populism, international partnerships, and various ongoing efforts to protect the liberal international order in the Indo-Pacific. The session recordings in English and Japanese are available on the Nikkei Global Events YouTube channel. 

Conflict, Deterrence, and Provocation

Opening the first session, McFaul underscored the broader geopolitical implications of the invasion of Ukraine. Emphasizing the significance of Russian President Vladimir Putin's recent visit to North Korea, he highlighted the intertwined nature of European and Asian security. McFaul argued against the notion that global security should solely focus on China, stressing that Putin's actions demonstrate a critical link between European security concerns and global stability.

McFaul offered a mixed assessment of the war in Ukraine. He praised the international community's response in providing military support and economic aid to Ukraine, stating, “I have been mostly impressed with how the liberal free world, including Japan, came together to provide weapons first and foremost, to provide economic assistance secondarily, and to put in place sanctions [agsint Russia].” Yet he also criticized delays in Western responses, attributing them partly to internal political dynamics, including actions taken during the Trump administration.

What I see, tragically, is the breakdown of the liberal International order.
Michael McFaul
Director of FSI

McFaul expressed concern that Russian defensive positions now hinder prospects for a breakthrough on the Ukrainian side, with future developments tied to the outcome of the next U.S. presidential election. He underscored the importance of democratic nations organizing against autocratic regimes, framing the conflict in Ukraine as a critical battleground for liberal democratic values amidst global power struggles. McFaul described that “what I see, tragically, is the breakdown of the liberal International order. We're going back to an earlier period where there was not one order, but two, and maybe many orders, and one of those divisions is between autocrats and democrats.”

Center Fellow Oriana Skylar Mastro addressed the moderator's query about Ukraine’s implications for East Asia by delving into the complexities of deterrence and provocation in relations with China. She highlighted three main concerns: the blurred distinction between actions that deter China versus those that provoke it, the conflicting priorities of reassuring allies versus deterring adversaries post-Ukraine, and the delicate balance between showcasing military capabilities and demonstrating resolve. Mastro argued that while military build-up might deter China, political gestures, such as enhancing Taiwan's international stature, could provoke tensions.

She emphasized the challenges in aligning U.S. and Japanese strategies, especially regarding Taiwan, where differing interpretations of deterrence and provocation persist. “Attempts to signal resolve can be much more provocative than attempts to demonstrate capabilities [...] It seems that the United States and Japan at least have to be on the same page about what is reassuring versus what deters China, what deters China versus what provokes China, and what is more important, capabilities or resolve,” she explained

Mastro stressed the importance of nuanced policy decisions considering how actions perceived as deterrence in one context might provoke, in another, thus impacting regional stability. “I prefer for the United States to speak softly and carry a big stick, meaning we have a lot of capability but we should stop talking about it so much,” she said. She underscored the U.S. and Japan must coordinate closely on strategic messaging to ensure a cohesive approach to managing China's responses and maintaining regional security.

FSI and APARC scholars meet with Yoshimasa Hayashi FSI and APARC scholars meet with Yoshimasa Hayashi.

During their visit to Tokyo, the Stanford delegation met with Japanese government officials, including Chief Cabinet Secretary Yoshimasa Hayashi.

Michael McFaul gave an interview to the Japan Broadcasting Corporation's (NHK) prime-time news show News 7, which you can view here >

Manifold Pressures on Liberal Democracy

During the second panel, Gi-Wook Shin discussed the contemporary challenges facing liberal democracy, citing instances of foreign influence from authoritarian states like Russia and China. He began with a personal anecdote from Mongolia, where a friend running for parliament reported intimidation by authorities allegedly supported by Russia. Shin drew parallels to previous instances of interference, such as Russia's involvement in the 2016 U.S. election and China's actions in Taiwan and Korea.

In contrast to the American and British leadership against fascism and communism in the 1930s and 1940s, Shin described the current crisis in global leadership to safeguard liberal values. He questioned whether any country could now step up to combat rising authoritarianism, citing Modi’s India and alliances forming between leaders like Putin, Kim Jong-Un, and Xi Jinping. “I don't think I can say with confidence that the U.S. can defend liberal democracy, I don't see any leader in Europe either, and I don't see anyone in Asia,” he lamented.

He called for strategies to restore and strengthen global leadership in promoting and defending liberal democracy against mounting authoritarian challenges from China, Russia, and others.

Japanese democracy is functioning quite well. Apart from that, Japanese Society is peaceful, safe, and stable. Although the economic growth rate is low, people's discontent is not gushing out
Kiyoteru Tsutsui
Deputy Director of APARC

In his remarks, Kiyoteru Tsutsui addressed these global challenges to democracy and emphasized Japan's role in safeguarding it. Tsutsui noted Japan's relatively stable democratic environment compared to nations experiencing greater political divisions. Despite recent economic fluctuations in the country,, “Japanese democracy is functioning quite well,” he argued. “Apart from that, Japanese society is peaceful, safe, and stable. Although the economic growth rate is low, people's discontent is not gushing out and they can live quite a good life.”

Tsutsui emphasized Japan's economic and diplomatic contributions to promoting democracy, citing its trusted role in assisting Asian countries through the Japan International Cooperation Agency (JAICA). He suggested Japan could assert its influence not only through traditional democracy promotion but also by establishing standards in areas like infrastructure and public health. “If we look at the global rankings, Japan has quite a big influence.” He underscored the importance of Japan's discreet but impactful diplomacy in upholding democratic values globally, including its involvement in initiatives like the Free and Open Indo-Pacific Strategy, The Quad, and CPTPP. Through practical actions and international cooperation, he said, Japan  demonstrates its commitment to democratic values and counters global trends of democratic decline. Throughout the forum, the panelists agreed that the Indo-Pacific remains at the center of the global struggle between democracy and autocracy. They emphasized the need for collaborative action to bolster democratic institutions worldwide and urged nations to unite quickly to prevent further escalation of tensions in the region and beyond.

Nikkei newspaper report on the Nikkei Forum – July 3, 2024
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Japanese Prime Minister Fumio Kishida arrives to address a joint meeting of Congress in the House of Representatives at the U.S. Capitol on April 11, 2024 in Washington, DC.
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Kishida May Pay a Price, but Has Handled LDP Scandal Shrewdly

Moves by Japanese prime minister could have lasting impact on country's politics.
Kishida May Pay a Price, but Has Handled LDP Scandal Shrewdly
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At the Nikkei Forum, Freeman Spogli Institute scholars Oriana Skylar Mastro, Michael McFaul, Gi-Wook Shin, and Kiyoteru Tsutsui considered the impacts of the war in Ukraine, strategies of deterrence in Taiwan, and the growing tension between liberal democracy and authoritarian populism.

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This opinion piece originally appeared in Nikkei Asia



Addressing a joint session of the U.S. Congress two weeks ago, Japanese Prime Minister Fumio Kishida cracked a joke about how he has rarely received such a warm welcome from the Diet back in Tokyo.

Indeed, while many observers saw his trip to the U.S. as a great success, back in Japan, Kishida is facing tough problems.

His biggest headache right now is the ongoing scandal around the funding of factions of his ruling Liberal Democratic Party (LDP). Kishida's achievements in foreign affairs, such as the successful hosting of the Group of Seven summit in his hometown of Hiroshima last year, and his trip beforehand to Kyiv to meet Ukrainian President Volodymyr Zelenskyy, have often been more than offset by domestic setbacks.

These have included the exposure of close links between LDP politicians and the controversial Unification Church, Kishida's unpopular decision to hold a state funeral for assassinated former Prime Minister Shinzo Abe, and the chaotic rollout of a new national identity card.

As a result of such troubles, Kishida's public approval rating is hovering at a historic low. With voters going to the polls this weekend to elect new Diet members to fill three vacant seats, the LDP is not even fielding its own candidate in two of the races, and appears to be struggling in the third district although it is usually a party stronghold.

The factional funding scandal could have a lasting impact on Japanese politics. Factions have been central to governance and the distribution of key posts within the LDP since its founding in 1955.

The LDP's factions are relatively unique in that they command members' near-total commitment in respect to parliamentary votes and other key decisions, which are provided in exchange for the factional organization's financial support for operations and campaigning.

Fundraising parties have been an embedded element of the LDP's factional system. These worked in a straightforward manner: The more party tickets politicians could sell, the more money that would come in to their faction.

Individual top ticket sellers would also be rewarded with greater influence by their faction. Large factions, like the one previously headed by Abe, benefitted from selling a large number of party tickets.

This practice was largely legal, as long as the money raised was reported in accordance with the country's extensive election laws. In the current scandal, the problem was that some factions significantly underreported ticket sales.

Such moves, likely with the approval of faction leaders, allowed the factions and their members to evade limits on accepting contributions from individual donors and escape restrictions on how the funds could be used. Abe's faction and a faction headed by former party Secretary-General Toshihiro Nikai are considered to have been the most egregious violators, and their current leaders have been punished accordingly by Kishida.

Kishida has made a couple of bold moves in his handling of the scandal, particularly his decision to voluntarily testify to the upper house's political ethics committee when most other LDP officials resisted appearing, and his move to dissolve his own party faction in response to criticisms about underreporting of its fundraising.

Other factions were then, in effect, forced to follow suit, to the extent that only one of the party's six factions has held back from announcing its dissolution. This could thus be the end of LDP factional politics as we have known it, a development that could transform Japanese politics in a more policy-oriented direction.

As the head of the only faction left standing, former Prime Minister Taro Aso has become even more powerful. He now is not only a critical partner behind Kishida's current administration but also a potential kingmaker for the next government.

Another party figure commanding great influence these days is Yoshihide Suga, whose 2020-2021 prime ministership is being favorably revaluated. He began pushing against party factions long before the current scandal erupted and has been proven correct about their negative effects. As more LDP members become factionless, many are looking to Suga for direction.

Third, considering the severe punishment meted out to some faction leaders, it is noticeable that Nikai and Koichi Hagiuda have been left relatively unscathed.

Nikai shrewdly preempted the announcement of punishments by declaring that he would retire from politics. Hagiuda notably received the lightest punishment among the five top leaders of the Abe faction, likely reflecting Kishida's calculations that he might need his support ahead of September's LDP presidential vote.

The upshot of all this is that factional politics have been transformed but voting blocs will still be important. Kishida's flattening of the LDP party organization could give him more direct influence over many of the party's legislators. The weakening of the factions also means that individual politicians will be able to vote on legislation based on their own judgment rather than the preferences of their faction leader, which could potentially improve the policymaking process.

Yet media reports suggest the factions are moving quite slowly to actually dissolve themselves and dismantle their infrastructure. Only time will tell whether factional politics have been made a thing of the past or whether they will resurface in the LDP in a different form.

September's party leadership vote will give us a great indication of where things are going. Will Kishida be rewarded for rolling the dice on faction dissolution, or will it bite him in the back as Aso, Suga, and others summon the support to topple the prime minister?

In any case, a major transformation is taking place within the LDP, Japan's dominant party since its founding. The results could have a lasting impact on the country's politics.

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Portrait of Kiyoteru Tsutsui and a silhouette of the Toyko Syline at night.
News

Decoding Japan's Pulse: Insights from the Stanford Japan Barometer

The Asahi Shimbun is publishing a series highlighting the Stanford Japan Barometer, a periodic public opinion survey co-developed by Stanford sociologist Kiyoteru Tsutsui and Dartmouth College political scientist Charles Crabtree, which unveils nuanced preferences and evolving attitudes of the Japanese public on political, economic, and social issues.
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Panelists discuss the US-Japan alliance
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A Pivotal Partnership: The U.S.-Japan Alliance, Deterrence, and the Future of Taiwan

A panel discussion co-hosted by Shorenstein APARC and the Sasakawa Peace Foundation USA examined the key dynamics at play in the unfolding regional competition over power, influence, and the fate of Taiwan.
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Prime Minister of Japan, Kishida Fumio (right), and the President of the Republic of Korea, Yoon Suk Yeol (left)
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Korea, Japan Leaders Call for Global Cooperation in Advancing New Technologies, Clean Energy at Summit Discussion

At a historic meeting held at Stanford, the leaders of Japan and Korea discussed the perils and promises of new innovations and the importance of collaboration.
Korea, Japan Leaders Call for Global Cooperation in Advancing New Technologies, Clean Energy at Summit Discussion
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Moves by Japanese prime minister could have lasting impact on country's politics.

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