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Bono and
Bob Geldof hit the stage in Japan last week. They
weren’t singing songs, but drumming up support for an
unlikely cause: the Group of Eight (G-8).
The
rockers lent star power to the Tokyo International
Conference on African Development. Their real agenda was
putting the developing world on the discussion table at
next month’s G-8 meeting in Hokkaido. Japan’s efforts to
do the same may just reinvigorate a grouping that has
lost its groove.
A quick
quiz: What was the location of last year’s G-8 summit?
What about in 2006 or 2005? If you don’t know the
answers—Heiligendamm, Germany; St. Petersburg, Russia;
and Gleneagles, Scotland, respectively—you’re hardly
alone.
The
G-8’s once mighty confabs have devolved into hollow talk
fests big on photo ops and spin, small on results. If
anyone remembers anything about the 2006 summit, for
example, it was
US
President George W. Bush shocking German Chancellor
Angela Merkel with a shoulder massage.
Tell
that to Japan’s government, which seems to think it’s
hosting the Olympics. Countless press briefings and a
barrage of daily news reports detail planning, strategy
and security.
Japan
is even minting new 1,000-yen coins for the July 7 to 9
event.
Why is
Japan so excited about something that would garner scant
attention elsewhere? It’s realizing the extent to which
the world isn’t looking its way. Japan’s efforts to
bolster its status could, by extension, reinvigorate the
G-8.
Japan’s chance
Japan
last hosted the G-8 in 2000. It was back when Yoshiro
Mori was prime minister and banking crises were
undermining the nation’s global prestige. Japan spent
about $750 million on an event that ended with little
headway on forgiving the debts of the world’s poorest
nations.
The
eight years since have seen Japan’s influence wane
substantially. Its $4.4-trillion economy may be far
bigger, but China’s $2.6-trillion one is more important
globally.
Part of
Japan’s problem is unimpressive growth. Many bet that
once Japan shook off deflation, its markets would roar
back. More than 15 years after the 1980s asset bubble
burst, growth is modest, interest rates are close to
zero and Japan’s debt load is the largest in the
developed world.
A
revolving door of uninspiring leaders hasn’t helped.
Japan also suffers from a widely held perception that it
hasn’t done enough to atone for its World War II
aggression.
Relevance quest
It’s
among the reasons why
Japan
doesn’t have a permanent seat on the UN Security Council
and is underrepresented in diplomatic circles. It also
keeps
Japan
from getting credit for the billions of dollars it has
spent from Beijing to Jakarta in recent decades
assisting Asia’s weaker links.
The
sense that
Japan
is becoming a wallflower amid Asia’s boom is inspiring a
sudden desire for greater relevance, and the G-8 could
be a key forum.
Japanese
Prime Minister Yasuo Fukuda seems keener than his peers
to reach out to emerging markets. It’s a smart move to
give fast-growth emerging nations such as
Brazil,
China and India a greater say in Hokkaido. These
economies are vital to the economic and
climate-change-related trends affecting the US, Japan,
Germany, the UK, France, Russia, Italy and Canada.
Kicking
Russia out of the G-8—something US Sen. John McCain is
arguing for—wouldn’t accomplish much. It’s better to
bring key developing nations into the tent.
Japan’s
G-8 will be the most inclusive ever, a nod to the rising
influence less-developed economies are having on the
richest ones.
African
focus
Equally
important is
Japan’s
push to get G-8 officials more focused not only on
Asia’s food-price
crisis, but
Africa. Fukuda aims to make the event a new chapter in the G-8’s
interaction with one of the most impoverished, yet
promising, regions.
It’s
hardly pure altruism.
Japan
has watched China pour billions of dollars into Africa
to gain access to energy and other vital commodities.
China’s
investments are shoring up unsavory regimes in places,
such as Sudan and Zimbabwe, which also buy China’s
weapons. Whereas China invests in dodgy governments,
Japan could go a long way toward investing in Africa’s
people and giving the continent real hope.
Putting
the G-8’s attention on
Africa is the
right thing to do. Bono even took the stage at the MTV
Video Music Awards in
Japan
last week to talk up the G-8—a rarity in pop-music
circles.
Japan
also should lead on climate change. The issue dominated
last year’s G-8 summit in Germany, where leaders vowed
to fight rising temperatures. They agreed not to force
the US and Russia to set immediate targets for cutting
greenhouse-gas emissions, so it was a wash.
It’s
vital to persuade developing nations to take part in a
successor to the 1997 Kyoto Protocol. So is shaming the
US into doing its part. Here, Japan’s efforts to put the
issue firmly on the G-8’s table are commendable.
Japan’s
desire to make the most of its moment in the spotlight
could do the world good. Its quest for relevance may
give the G-8 the shakeup it badly needs. |