Fortune

These are interesting times to be in Asia, with economics taking a back seat to security. I was in Tokyo Saturday when the Japanese parliament overcame fist fights and protests to alter 70 years of pacifist policies. Then I flew to Seoul, where government officials expressed concerns about Japan’s change, even though it is partly designed to provide assistance to the U.S. in the event of a North Korean invasion of the South. Also in the news: the Philippines is debating the return of the U.S. Navy.

At home it’s clear cyber security, not economics, will dominate Obama’s talks with Xi Jinping (some progress on that front reported here). Meanwhile the would-be leader of the opposition, whose anti-China bombast shows no sign of abating, has recommended the President cancel his state dinner and buy President Xi a hamburger instead.

History suggests periods of hegemonic change, like the one…

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