Japan Archive

This weekend, Japanese Prime Minister Shinzo Abe welcomes world leaders to Osaka for the annual summit of the Group of 20. This club of major economies has been at the forefront of global governance since November 2008, when U.S. President George W. Bush convened an emergency committee to help rescue a world plummeting into the financial and economic abyss. The G-20’s ambit has since broadened to encompass an ever-expanding range of global issues. The Osaka summit continues that trend. Japan set an ambitious agenda for its presidency of the G-20, which rotates every year. Major themes include removing structural impediments […]

In March 1953, the Japanese oil tanker Nissho Maru set sail from Kobe, in western Japan, bound for the Iranian port of Abadan. Its mission—to transport a shipment of Iranian oil back to Japan—was risky. Two years earlier, Iran’s government had nationalized the Iranian assets of the Anglo-Iranian Oil Company, which would later become British Petroleum. The British had responded with economic sanctions and a naval blockade, threatening to seize any vessel involved in the transshipment of Iranian oil. With limited trading options, the Iranians were desperate for buyers. Sazo Idemitsu, the founder and president of the oil company Idemitsu […]