U.S. Ambassador to Japan Rahm Emanuel joins Jim and Ray for 2025's inaugural episode, in which he discusses why the alliance between the U.S. and Japan is critical to the security of both nations and of a vital but volatile region.

In his characteristically forthright style, he explains how the Japan alliance strengthens America's strategic position, especially as it has been increasing its investments in its own defense. Multilateral cooperation among allies--an alliance "latticework--is, he says, an asymmetric advantage for the U.S. to offset an increasingly aggressive but still largely isolated China.

Turning to economic issues, the ambassador asserts that trade imbalances don't tell the whole story, and that Japan is a major investor in the U.S. economy. Moreover, he makes the case that deterring China can't be seen solely in military terms but must consider economic statecraft as a key element of strategic power.

Ambassador Emanuel talks about the evolution and impact of 2024's two major trilateral summits--one between the U.S., Japan and South Korea, and the other between the U.S., Japan and the Philippines. He explains that Japan has had an important influence on building regional resilience against coercion and aggression through its defense and economic cooperation programs.

Finally, he explains how he used social media to influence the conversation in East Asia, supporting Japan while calling out China for its malign actions and misleading messages.

In this special year-end edition of the podcast, co-hosts Ray Powell and Jim Carouso reflect on most significant developments in the Indo-Pacific region throughout 2024 including the economic challenges faced by China amidst the consolidation of power by President Xi Jinping, and how concern over its increasing military power and aggression is strengthening the U.S. network of alliances. They also discuss the prospects for a grand U.S.-China deal in the upcoming Trump administration.

They talk about the most surprising developments of 2024, including the recent political upheaval in South Korea and the dramatic confrontations between China and the Philippines in the South China Sea.

They then review some of their favorite, most-viewed/most-heard, and most underrated episodes of the 2024, and give their Indo-Pacific "Person of the Year" nominees: Jim picked China's President Xi Jinping, while Ray chose the recently impeached President Yoon Suk Yeol of South Korea and Philippine President Ferdinand "BongBong" Marcos, Jr.

They discuss surprises that may lie in wait for 2025, and what impact emerging technologies like artificial intelligence and autonomous weapons will have on the Indo-Pacific order.

Finally, they talk about what they’ve learned and most enjoyed in their first 9 months of podcasting.

E-mail us at indopacificpodcast@gmail.com with your questions and comments!

We are pleased to announce the support of our new sponsor, BowerGroupAsia (BGA), a strategic advisory firm that specializes in the Indo-Pacific. BGA applies unmatched expertise and experience to help clients navigate the world’s most complex and dynamic markets.

Ray and Jim welcome Isaac Stone Fish to discuss why he believes companies that want to do business with China are being compelled to make hard choices due to the increasingly fraught relationship with the U.S. and the West.

Isaac explains how the ongoing economic decoupling with China has been driven in large part by Beijing’s own policies, and that this process has been accelerated since the COVID-19 outbreak. He asserts that U.S. political and business elites, in their enthusiasm for what China might have been, have instead strengthened its authoritarian model to the detriment of the West.

Isaac urges companies to understand the risks inherent in their exposure to China’s market, and explains some of the economic challenges Beijing faces moving forward. He also warns that conflict is a real possibility that must be factored in.