Authors
Gi-Wook Shin
News Type
Commentary
Date
Paragraphs

This essay first appeared in The Diplomat.



For decades, South Korean strategy rested on a stable hierarchy within the international order. The alliance with the United States provided security; Seoul then managed relations with Japan, Europe, China, and regional institutions around that anchor. The alliance remains indispensable, but Seoul can no longer assume that this foundation will stay stable.

The evidence is visible in the way Washington now deals with allies. In 2025, the United States initially announced sharply differentiated “reciprocal” tariffs on South Korea, Japan, and the European Union. Negotiations later produced a 15 percent baseline framework for all three, but the process mattered as much as the final rate. Trade access, industrial investment, defense procurement, and alliance politics were increasingly handled as one bargaining package. Allies were not exempt from economic pressure because they were allies.

At the same time, Europe and Asia have been building connections that would have seemed highly ambitious a decade ago. The European Union signed security and defense partnerships with Japan and South Korea in November 2024. This year, the EU and Japan launched a defense-industry dialogue, while the EU and South Korea signed a digital trade agreement and began implementing cooperation on maritime security, cyber and hybrid threats, information manipulation, space, and the defense industry. The strategic map is becoming more networked. 

The network, however, remains uneven. Japan already has a mature economic partnership with the EU and rapidly expanding defense-industry ties. EU-South Korea relations are deepening, but they still lack the density and regular strategic consultation found in EU-Japan ties. A trilateral format would therefore do more than add another meeting: it would reduce asymmetry among three partners whose capabilities are increasingly complementary.


Sign up for APARC newsletters to receive our scholars' commentary and analysis >


The postwar hierarchy cannot simply be preserved by demanding more reassurance from Washington. Its resilience will depend on whether allies can build connective tissue among themselves before the next crisis forces them to improvise.
Gi-Wook Shin

South Korea, Japan, and the EU now face four converging challenges and pressures.

The first is demographic. South Korea is aging faster than any other OECD society; Japan’s working-age population has been shrinking for decades; and the EU’s fertility rate reached a new low in 2024. Demography is not a social-policy sidebar. It affects defense recruitment, industrial capacity, fiscal room, technological adoption, and the ability to sustain long-term commitments. Each actor is experimenting with immigration, automation, workforce policy, and welfare reform, but the security implications remain largely compartmentalized.

The second is concentrated economic dependence. None of the three can or should decouple from China. Yet South Korea’s experience after the THAAD deployment, Europe’s debates over economic coercion, and China’s export controls on gallium, germanium, and other strategic inputs have shown that interdependence can be converted into leverage. De-risking therefore requires more than national stockpiles. It requires shared risk maps, compatible certification, co-investment in alternative suppliers, and advance consultation before export controls or industrial subsidies create collateral damage among partners.

The third challenge is U.S. volatility. The United States is still the only actor capable of providing extended nuclear deterrence to South Korea and Japan, and NATO remains central to European defense. But dependence on U.S. power now coexists with uncertainty about U.S. policy. The classic alliance dilemmas of abandonment and entrapment are no longer opposite ends of a spectrum. Today, U.S. allies fear both being left out and being drawn into bargains or contingencies they did not shape.

The fourth pressure is the collapse of the old geographic separation between European and Asian security. North Korean munitions, missiles, and troops have supported Russia’s war against Ukraine. Moscow, in turn, has provided Pyongyang with political cover, economic support, and the prospect of military know-how. What happens on a European battlefield is changing the military balance on the Korean Peninsula. A regional response to a cross-regional threat is structurally inadequate.

This is the case for an EU-Japan-South Korea strategic dialogue. This framework should not be described as strategic autonomy, equidistance, or a hedge against the United States. A better term would be institutionalized hedging: risk diversification through standing, rule-based consultation among allies and partners that remain anchored in the broader U.S.-led system.

The proposal is more feasible than ever before. Japan-South Korea relations have improved significantly in recent years. The January 2026 summit in Nara and the reciprocal summit in South Korea in May demonstrated continuity across leadership changes in both countries since June 2025. The EU already has free-trade, digital, green, and security frameworks with both countries. The task is not to invent three new bilateral relationships; it is to connect existing ones.

The dialogue should begin modestly, through a Track 1.5 process involving officials, experts, and industry. Its early agenda must be concrete and specific: a joint critical minerals and supply chain risk assessment; consultation on export controls and investment screening; cooperation on AI, cyber resilience, and digital standards; exchanges on demographic and defense workforce adaptation; and shared monitoring of North Korea-Russia military cooperation. Successful projects could then be elevated to ministerial working groups.

Two design choices are essential. First, the initiative must remain function-driven. It is not NATO, not the Quad, and not an anti-China coalition. Its purpose is to reduce vulnerability without demanding economic separation. Second, it should be complementary to relations with Washington and transparent about that purpose. Horizontal networks strengthen alliances when they help allies absorb shocks, coordinate positions, and arrive at consultations with greater capacity.

For South Korea, the need is particularly acute. Japan already has the G7, a mature economic partnership with the EU, and expanding European defense ties. Seoul’s international weight has grown faster than its institutional depth. An EU-Japan-South Korea dialogue would help close that gap.

Horizontalizing alliances is not a vote of no confidence in the United States. It is insurance for the moments when the United States wavers, overreaches, or changes course. The postwar hierarchy cannot simply be preserved by demanding more reassurance from Washington. Its resilience will depend on whether allies can build connective tissue among themselves before the next crisis forces them to improvise.

Read More

Panelists gather for a group photo at the 2026 Oksenberg Conference.
News

Indo-Pacific Powers Diversify and De-Risk as Multipolar World Takes Shape

At the 2026 Oksenberg Conference, scholars and foreign policy experts assessed how Indo-Pacific powers are coping with a less predictable United States as China pursues selective leadership and Russia exploits Western divisions.
Indo-Pacific Powers Diversify and De-Risk as Multipolar World Takes Shape
People cross a road in the Akihabara district in Tokyo, Japan.
News

Japanese Public Sets High Bar for Immigrants

The latest findings of the Stanford Japan Barometer show that the Japanese public’s opinion on immigration depends heavily on applicants' skills, language ability, and country of origin, and on whether politicians emphasize economic benefits or stoke security and cultural anti-immigration rhetoric.
Japanese Public Sets High Bar for Immigrants
Hero Image
Illustration of three speech bubbles representing (from left to right) the flags of the EU, Japan, and South Korea.
Illustration made with Canva AI.
All News button
1
Subtitle

The trilateral is more feasible – and more important – than ever before.

Date Label
Display Hero Image Wide (1320px)
Yes
Authors
News Type
Blogs
Date
Paragraphs

Applications are now open for Stanford e-Entrepreneurship Japan (SeEJ), a free online course conducted in English to foster Japanese students’ creative thinking and innovative problem-solving skills to address social issues. SeEJ is offered twice a year in the fall and spring through a collaboration between SPICE and the non-profit organization e-Entrepreneurship in Japan. It is open to Japanese-speaking students, in or from Japan, in their first and second years of high school. The fall 2026 course will be taught by Irene Bryant and will run from late October 2026 through February 2027.

The application form is now available at https://forms.gle/5gkHrhm3X4sycZGG8. The submission deadline is September 6, 2026, at 11:59 PM Japan Time.

This program embodies something deeply aligned with the spirit of Stanford — the belief that learning should be accessible to everyone.
Taiga Miyashita, fall 2025 participant

Stanford e-Entrepreneurship Japan offers students an opportunity to engage with scholars and entrepreneurs from Stanford University and beyond through live virtual classes, which are held twice a month on Sundays. The course will culminate in an individual research paper and a final group project. Students who successfully complete the course will receive a Certificate of Completion from SPICE and NPO e-Entrepreneurship.

Former students describe SeEJ as both an accessible and transformative learning experience. As Taiga Miyashita shares, “When I first joined, I quietly wondered, ‘Do I really belong here?’ Yet by the end, I had researched a field I genuinely cared about, articulated my own solutions, and contributed meaningfully to our group work. This program showed me that I didn’t have to let concerns about my English stand in my way.” Toma Ihara similarly reflects on the program’s lasting impact, describing Stanford e-Entrepreneurship Japan as “not just another course, but a life-changing experience.” Toma adds, “The program equipped me not only with the tools of an entrepreneur, but also with a mindset that I now apply to my NPO and startup ventures.” These reflections illustrate how SeEJ combines a supportive learning environment with hands-on opportunities that help students build confidence and apply what they learn beyond the program.

For more information about Stanford e-Entrepreneurship Japan, visit the program webpage. Interested high school students should apply online by September 6, 2026.

Stanford e-Entrepreneurship Japan is one of several online courses offered by SPICE.

To stay updated on SPICE news, join our email list or follow us on FacebookInstagram, and X.

Read More

a student in front of Memorial Church during a summer program at Stanford University
Blogs

Stanford e-Entrepreneurship Japan: A Powerful Platform for the Next Generation of Social Entrepreneurs

High school student Minami Ohno, an alumna of Stanford e-Entrepreneurship Japan, reflects on her experience throughout the program and how it expanded her perspective. Minami is currently a student at the International School of the Sacred Heart in Tokyo, Japan.
Stanford e-Entrepreneurship Japan: A Powerful Platform for the Next Generation of Social Entrepreneurs
a person standing in front of Tanah Lot
Blogs

Stanford e-Entrepreneurship Japan: Empowering Young Visionaries to Reimagine Global Challenges for Social Good

High school student Erin Tsutsui, an alumna of Stanford e-Entrepreneurship Japan, reflects on forging friendships across Japan, embracing new world perspectives through thoughtful discussion, and transforming family heritage into a youth-led peace initiative via empathy and social innovation.
Stanford e-Entrepreneurship Japan: Empowering Young Visionaries to Reimagine Global Challenges for Social Good
a group of students standing with signs, "TBC Japan"
Blogs

Let’s Be the Strikers: Thoughts on the 2025 Teenage Business Contest Japan

Millie Gan, an alum of Stanford e-Entrepreneurship Japan and founder of Teenage Business Contest Japan (TBCJ), reflects on building a platform that empowers teens to use entrepreneurship and innovation to revitalize Japan’s communities.
Let’s Be the Strikers: Thoughts on the 2025 Teenage Business Contest Japan
Hero Image
rainbow on stanford campus
A fleeting moment of color and light—nature’s brilliance arches over Stanford’s historic campus, a reminder of beauty in the unexpected. | Photo Credit: Andrew Broadhead
All News button
1
Subtitle

Applications are now being accepted for the fall 2026 session. Interested high school students in Japan should apply by September 6, 2026.

Date Label
Display Hero Image Wide (1320px)
No
Authors
Rylan Sekiguchi
News Type
News
Date
Paragraphs

SPICE offers several local programs for students in Japan, including regional programs at the city and prefectural levels. Developed through collaborations between SPICE and local governments across Japan, these online programs encourage students to engage with complex global issues while deepening their understanding of U.S. society, culture, and U.S.–Japan relations through critical thinking and research.

With the 2025–2026 session now finished, each participating program has recognized two outstanding students for their exceptional achievements throughout the course, including the quality of their final research projects. These student honorees will travel to Stanford University in August 2026, where they will present their research during a series of recognition ceremonies. The events will welcome distinguished guests from the Stanford community, the Consulate General of Japan in San Francisco, and members of the Japanese community throughout the Bay Area.

SPICE proudly congratulates the following students for their outstanding academic accomplishments.

Stanford e-Fukuoka (Instructor: Kasumi Yamashita)

Student Honoree: Konoha Inoyusu
School: Fukuoka Daichi High School

Student Honoree: Haruki Kenyon
School: Kurume High School

Stanford e-Hiroshima (Instructor: Rylan Sekiguchi)

Student Honoree: Konatsu Haga
School: Fukuyama Akenohoshi Girls’ High School

Student Honoree: Momoka Nagayama
School: Hiroshima Inokuchi High School

Stanford e-Kagoshima City (Instructor: Amy Cheng)

Student Honoree: Nayuta Nei
School: Kagoshima Gyokuryu High School

Student Honoree: Shiori Nishizono
School: Kagoshima Girls’ High School

Stanford e-Kawasaki (Instructor: Maiko Tamagawa Bacha)

Student Honoree: Mio Suzuki
School: Kawasaki High School

Student Honoree: Rio Hojo
School: Tachibana High School

Stanford e-Kobe (Instructor: Alison Harsch)

Student Honoree: Sakura Oe
School: Kobe Municipal Fukiai High School

Student Honoree: Shotaro Take
School: Kobe Municipal Fukiai High School

Stanford e-Oita (Instructor: Kasumi Yamashita)

Student Honoree: Mao Hieida
School: Nakatsu Minami High School

Student Honoree: Taichi Morikawa
School: Takada High School

Stanford e-Tottori (Instructor: Jonas Edman)

Student Honoree: Una Ishikawa
School: National Institute of Technology, Yonago College

Student Honoree: Asumi Nishimura
School: Tottori Nishi High School

Stanford e-Yamaguchi (Instructor: Jonas Edman)

Student Honoree: Misaki Kobayashi
School: Keishin Senior High School

Student Honoree: Hiroi Tomokawa
School: Iwakuni Senior High School

SPICE commends these students for their intellectual curiosity, academic excellence, and commitment to developing a global perspective. We look forward to recognizing their accomplishments at Stanford University next month.

SPICE also offers online courses to U.S. high school students on Japan (Reischauer Scholars Program), China (China Scholars Program), Korea (Sejong Korea Scholars Program), and entrepreneurship (Stanford e-Entrepreneurship U.S.), and online courses to Chinese high school students on the United States (Stanford e-China) and to Japanese high school students on the United States and U.S.–Japan relations (Stanford e-Japan) and on entrepreneurship (Stanford e-Entrepreneurship Japan).

To stay informed of news about Stanford e-Japan and SPICE’s other programs, join our email list and follow us on FacebookX, and Instagram.

Read More

students and an instructor sitting in a circle in a classroom
Blogs

Celebrating 10 Years of the Stanford e-Tottori Program

SPICE instructor Jonas Edman reflects on a decade of teaching SPICE’s first regional program in Japan.
Celebrating 10 Years of the Stanford e-Tottori Program
Hero Image
green library and hoover tower on Stanford campus
Meyer Green, Stanford University | Photo Credit: Meiko Kotani
All News button
1
Subtitle

Congratulations to the 16 student honorees from Fukuoka Prefecture, Hiroshima Prefecture, Kagoshima City, Kawasaki City, Kobe City, Oita Prefecture, Tottori Prefecture, and Yamaguchi Prefecture.

Date Label
Display Hero Image Wide (1320px)
No
Authors
Jonas Edman
News Type
Blogs
Date
Paragraphs

The Stanford e-Yamaguchi Program recently concluded its second year, continuing a successful partnership between SPICE and the Yamaguchi Prefectural Board of Education. Designed to provide high school students in Yamaguchi Prefecture with opportunities to strengthen their English communication skills, explore global issues, and engage with Stanford educators and guest speakers, the program offers participants a unique opportunity to develop their global perspectives while interacting with experts from a variety of fields.

This year marked my first year teaching the Stanford e-Yamaguchi course, and it has been a truly rewarding experience. Throughout the program, I was consistently impressed by the students’ intellectual curiosity, thoughtful participation, and willingness to engage with complex global topics in English. Their enthusiasm for learning and openness to new perspectives made every virtual classroom session meaningful and enjoyable.

I would like to express my sincere appreciation to Mia Kimura, who taught the inaugural year of the program and helped establish a strong foundation for its continued success. Her efforts during the program’s first year played an important role in creating a welcoming and engaging learning environment, one that I have sought to emulate in my own teaching.

The course featured a series of outstanding guest speakers who shared their expertise and experiences with students. I would like to thank Dr. Stephen Murphy-Shigematsu, Dr. Elizabeth Baham, Dr. Gary Mukai, and Dr. Mariko Yoshihara Yang for their generous contributions to the program. Through their presentations and discussions, students explored a wide range of topics, including mindfulness in leadership, diversity in leadership, global citizenship, and design thinking. These sessions provided students with opportunities to connect classroom learning to real-world challenges and encouraged them to think critically about the qualities needed to lead in an increasingly interconnected world.

The success of the Stanford e-Yamaguchi course is the result of the efforts of many individuals and organizations. I am especially grateful to Professor Yuko Hayashi, Yamaguchi University, for introducing SPICE to Tsugumasa Muraoka, Governor of Yamaguchi Prefecture. That introduction helped establish the connections and support necessary to make this partnership possible.

I would also like to extend my deepest thanks to Akinobu Tomonari of the Yamaguchi Prefectural Board of Education. Tomonari-sensei has been instrumental in planning, coordinating, and facilitating the program. His dedication and commitment have been essential to the program’s success.

As we conclude another successful year, we celebrate not only the accomplishments of the students but also the strong partnership between SPICE and Yamaguchi Prefecture. We look forward to continuing this collaboration and providing future cohorts of students with opportunities to develop the knowledge, skills, and global perspectives needed to become thoughtful leaders in their communities and beyond.

Stanford e-Yamaguchi is one of SPICE’s local student programs in Japan.

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

Read More

students and an instructor sitting in a circle in a classroom
Blogs

Celebrating 10 Years of the Stanford e-Tottori Program

SPICE instructor Jonas Edman reflects on a decade of teaching SPICE’s first regional program in Japan.
Celebrating 10 Years of the Stanford e-Tottori Program
aerial view of university campus with a tower in the middle
News

Announcing the Honorees of SPICE’s 2024–25 Regional Programs in Japan

Congratulations to the 16 student honorees from Hiroshima Prefecture, Kagoshima City, Kawasaki City, Kobe City, Oita Prefecture, Tottori Prefecture, Wakayama Prefecture, and Yamaguchi Prefecture.
Announcing the Honorees of SPICE’s 2024–25 Regional Programs in Japan
Hero Image
screenshot of Zoom meeting
The Stanford e-Yamaguchi students with Instructor Jonas Edman
All News button
1
Subtitle

SPICE instructor Jonas Edman reflects on his first year of teaching SPICE’s newest prefectural online course.

Date Label
Display Hero Image Wide (1320px)
No
Authors
Mariko Yang-Yoshihara
News Type
Blogs
Date
Paragraphs

On March 27, 2026, 16 undergraduate students in Japan joined 50 graduate students in Norway for a virtual exchange focused on local sustainability challenges. The session was part of the SPICE Social Entrepreneurship course offered at Eikei University of Hiroshima (Eikei) and co-organized with the Faculty of Technology, Art and Design at the Oslo Metropolitan University (OsloMet). 

The exchange served as the culminating activity of a course that SPICE has offered at Eikei since 2022, made possible in large part by the vision of Hiroshima’s former Governor Hidehiko Yuzaki. The course guides students through community engagement, local sustainability challenges, and problem-solving using design thinking methods. This year, students tackled topics including rural transportation, migrant worker conditions, seniors' access to AI, and cybersecurity. What distinguished this iteration was the opportunity for students to test their ideas with an international audience whose academic background differed significantly from their own. 

To create that opportunity, SPICE partnered with OsloMet’s master’s program in Applied Computer and Information Technology. Though the two programs differ in size, location, and disciplinary focus – one rooted in liberal arts, the other in STEM – they share a common goal: helping students explore complex social problems through interdisciplinary and cross-cultural collaboration. To prepare for the virtual session, Eikei students created short video presentations introducing the sustainability challenges they had identified in Hiroshima. OsloMet students then reframed those challenges in their own local content and developed technical solutions in response. During the live session, students from both sides met in breakout discussions facilitated by Eikei student assistants, where Oslo teams proposed solutions and Hiroshima teams asked questions and explored implementation. 

For Eikei students, the most significant learning emerged from the reflective activities that followed. Students’ responses centered on two pillars the SPICE course had set from the beginning: intercultural competence and interdisciplinary thinking.

students working in a classroom Eikei students reflecting on Japan-Norway student exchange | Photo Credit: SPICE


On the intercultural side, the exchange made clear how deeply local context shapes the way problems are understood and solved. A group working on AI and senior citizens, for instance, found that differing attitudes toward aging in Japan and Norway influenced both how the problem was defined and which solutions seemed viable. One student wrote: 

"The most memorable moment was when the very first prototype shown — from Group 9 — was an AI-generated image of a pizza with wheels, with an elderly person smiling next to it. I felt that our perspectives on social welfare and the public good were fundamentally different. Our conception of government's mission is something close to protecting the vulnerable. Their view, by contrast, were rooted in a focus on individual flourishing and self-actualization. It really took me by surprise."


Another student recalled a similarly unexpected moment:

“I received a lot of basic questions about everyday life in Japan — things like 'Isn't it normal for people in Japanese suburbs to ride electric scooters?' or 'How much do elderly people in Japan actually use smartphones?' I had expected questions about complex solutions, but I realized that even things I take for granted carry invisible assumptions and biases. In a cross-cultural setting, you have to align on the basics before you can go deeper."


These moments pushed students to examine their own assumptions and recognize how context shapes both problems and solutions. 

The interdisciplinary dimension was equally revealing. Eikei students admired how their Norwegian peers translated broad social concerns into concrete, technically grounded proposals. At the same time, the exchange helped them see the value of their own liberal arts education. One student reflected:

“Since the Oslo students each specialize in one field, it seemed like every group felt compelled to apply that expertise — which meant their solutions often ended up looking similar. We, on the other hand, are trained to approach problems from multiple disciplines and to include not just what’s immediately feasible but also future possibilities. Seeing that difference made so concrete was what left the strongest impression.”


Rather than viewing technical expertise as inherently superior, Eikei students came to see stakeholder engagement and contextual sensitivity as equally essential for addressing complex challenges, and concluded that effective solutions require both. This shift in perspective reflects a central aim of STEAM education: integrating a human-centered perspective into the traditional STEM framework (link to a related article). 

This experience reinforced the value of designing courses that connect students across institutions, disciplines, and cultures. The impact, it turns out, extended beyond the participants themselves. One of the Eikei student assistants who helped facilitate the session also reflected on what the experience meant to her (link). Many Eikei students expressed a desire for more sustained collaboration with their Norwegian peers, suggesting that future iterations of such a course could benefit from extending the exchange beyond a single session. More time and more exchanges would create greater space for mutual understanding and deeper engagement with complex "wicked" social problems.

group of students posing in a classroom Eikei students in SPICE Social Entrepreneurship course | Photo Credit: SPICE


Acknowledgement: I am deeply grateful to Professor Tulpesh Patel at OsloMet for making this partnership both possible and genuinely rewarding. Since we began working together in August 2025, it has been a true collaboration, the one built on regular conversation, mutual trust, and a shared belief in the value of human-centered, context-sensitive learning, an approach that lies at the heart of STEAM education. Working with Professor Patel has been a personal reminder of why cross-cultural and interdisciplinary collaboration matters. 

SPICE's course on Social Entrepreneurship with Eikei University of Hiroshima is one of SPICE’s local student programs in Japan.

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

Read More

group of students posing in front of a screen
Blogs

Bridging Perspectives in Social Entrepreneurship

Chhavvi Anilkumar, a student at Eikei University of Hiroshima, reflects on her experience in the course, Social Entrepreneurship.
Bridging Perspectives in Social Entrepreneurship
group of students and instructors in a classroom
Blogs

Behind Every Action is a “Why”: A Journey of Academic and Personal Growth in Human-Centered Design

Renz Kayle Roble Arayan, an undergraduate student at Eikei University of Hiroshima, reflects on his experience in the SPICE course, Social Entrepreneurship.
Behind Every Action is a “Why”: A Journey of Academic and Personal Growth in Human-Centered Design
Students and staff of the 2019 Stanford-Hiroshima Collaborative Program on Entrepreneurship (SHCPE)
Blogs

Stanford-Hiroshima Collaborative Program on Entrepreneurship: Reflections

Stanford-Hiroshima Collaborative Program on Entrepreneurship: Reflections
Hero Image
screenshot of Zoom meeting
Virtual exchange between Eikei and OsloMet students | Photo courtesy of: Tulpesh Patel
All News button
1
Subtitle

Eikei University of Hiroshima and Oslo Metropolitan University students share perspectives on local sustainability challenges through human-centered problem solving.

Date Label
Display Hero Image Wide (1320px)
No
Authors
News Type
Commentary
Date
Paragraphs

In its June 20, 2026, edition, the Nikkei Shimbun's Market Beat financial analysis column, titled US Stocks Attract Japanese Money, examines how the U.S. stock market is becoming a "major league" that is increasingly attracting capital from Japanese individual investors. Several factors drive this phenomenon:

  • Massive IPOs: Unprecedentedly large IPOs, as seen by SpaceX, are capturing global attention and investment.
  • Structural Advantages: U.S. markets are moving fast to include new, large companies in major stock indices, which forces index-tracking funds to buy shares and creates automatic demand.
  • 24-Hour Trading: U.S. exchanges like the NYSE and Nasdaq are moving toward near 24-hour trading to specifically capture Asian daytime investors, making it easier for them to participate.


The column describes how Japanese investors are increasingly bypassing domestic options to capture the immense growth driven by American AI, data infrastructure, and advanced technology IPOs. "Founders and early-stage investors prefer large-scale markets that offer price discovery, liquidity, and visibility. This is likely to accelerate the concentration of innovative companies in the United States," says Curtis Milhaupt, the William F. Baxter-Visa International Professor of Law and APARC faculty affiliate.

The article notes that the speculative nature of advanced tech sectors inevitably fuels market volatility and could pose risks for Japanese investors looking across the Pacific, urging Japanese investors to identify promising domestic companies.

Read More

A wave-shape graphics in Stanford cardinal red with text "Corporate National identity," a title of a working paper by the European Corporate Governance Institute.
Working Papers

Corporate National Identity

Corporate National Identity
Illustration of a semiconductor chip with the Japanese flag superimposed on top.
Working Papers

Japan’s Economic Security and the Semiconductor Industry

The Validity of the Revitalization Strategy
Japan’s Economic Security and the Semiconductor Industry
Hero Image
Portrait photo of Curtis Milhaupt and masthead of the Nikkei Shimbun.
All News button
1
Subtitle

Japanese capital is flowing rapidly into U.S. markets to back AI, tech IPOs, and data infrastructure.

Date Label
Display Hero Image Wide (1320px)
Yes
Authors
News Type
News
Date
Paragraphs

Applications are now open for the Fall 2026 session of the Stanford University Scholars Program for Japanese High School Students (also known as “Stanford e-Japan”). The course will run from the end of September 2026 through March 2027, with an application deadline of August 16, 2026.

Stanford e-Japan is offered by the Stanford Program on International and Cross-Cultural Education (SPICE), Stanford University. Stanford e-Japan is generously supported by the Yanai Tadashi Foundation, Tokyo, Japan.

Stanford e-Japan
Fall 2026 session (September 2026 to March 2027)
Application period: July 1 to August 16, 2026

All applications must be submitted at https://spicestanford.smapply.io/prog/stanford_e-japan/ via the SurveyMonkey Apply platform. Applicants and recommenders will need to create a SurveyMonkey Apply account to proceed. Students who are interested in applying to the online course are encouraged to begin their applications early.

Accepted applicants will engage in an intensive study of U.S. society and culture and U.S.–Japan relations. Leading scholars and experts from Stanford University and across the United States provide web-based lectures and engage students in live discussion sessions.

For more information about Stanford e-Japan, please visit stanfordejapan.org.
 


Stanford e-Japan is one of several online courses for high school students offered by SPICE, including the China Scholars Program, the Reischauer Scholars Program, the Sejong Korea Scholars Program, Stanford e-Entrepreneurship U.S., Stanford e-China, Stanford e-Entrepreneurship Japan, as well as numerous local student programs in Japan. For more information about Stanford e-Japan, please visit stanfordejapan.org.

To stay informed of news about Stanford e-Japan and SPICE’s other student programsjoin our email list or follow us on FacebookInstagram, and X.

Read More

cherry blossoms in Kyoto, Japan
News

Spring and Fall 2025 Stanford e-Japan Award Recipients Announced

Celebrating the students recognized as top honorees and honorable mention recipients for 2025.
Spring and Fall 2025 Stanford e-Japan Award Recipients Announced
a person in a suit standing
Blogs

Why Stanford e-Japan Still Matters to Me after Five Years

Yuto Kimura, a 2021 Stanford e-Japan Award Winner and 2026 graduate of Waseda University, reflects on the enduring takeaways from his experience in Stanford e-Japan.
Why Stanford e-Japan Still Matters to Me after Five Years
people sitting around a table
Blogs

The Yanai Tadashi Foundation and SPICE/Stanford University

Four Stanford freshmen Yanai Scholars reflect on their experiences.
The Yanai Tadashi Foundation and SPICE/Stanford University
Hero Image
encina hall and hoover tower on Stanford campus
Encina Hall, Stanford University
All News button
1
Subtitle

Interested students must apply by August 16, 2026.

Date Label
Display Hero Image Wide (1320px)
No
Authors
News Type
Blogs
Date
Paragraphs

Eikei University of Hiroshima (EUH) is a liberal arts institution dedicated to fostering solutions- and impact-driven leaders who create social value in today’s world. Its goal is to cultivate practical skills for solving real-world issues through active learning, international perspectives, and interdisciplinary education. SPICE’s Social Entrepreneurship course, developed and taught by Dr. Mariko Yang-Yoshihara, is an intensive program that reflects the university’s objectives by helping students recognize and address social issues through a human-centred approach. Having taken the course twice, first as a student and later as a student assistant, I gained valuable skills, perspectives, and knowledge from both experiences.

The key learnings acquired this year placed greater emphasis on interdisciplinary exchange, sharing, and combining perspectives on social issues. The course instituted an exchange between liberal arts students at EUH and STEM students at Oslo Metropolitan University (Oslomet) in Norway. The EUH students identified human-centred social issues related to technology-based themes found within Hiroshima and shared with the Oslomet students, and the Oslomet students provided solutions or prototypes in response to these problems, with a discussion exchange that was held online toward the conclusion of the course.  

I found this exchange to be very interesting and engaging, even with my role as a student assistant in this course. The difference in perspectives between liberal arts students and STEM students was quite evident during this discussion, especially through the concepts and factors emphasized in the assigned theme by both groups of students. Due to vast differences in class sizes, we, the Eikei students, were required to review multiple prototypes submitted by the Oslomet student groups. Initially, all of the prototypes provided for my group’s theme seemed similar, but my perspective significantly changed after communicating and discussing with the Oslomet student groups during the online exchange. Their overview of prototypes shared similarities from an external point of view, but their features, emphasis, and priorities were quite different. This differentiation only became evident during the interactive session through the exchange of viewpoints between students from both universities.

A cultural comparison between the two universities was also a key observation. The exchange of participants’ views on the feasibility of said prototypes within Norwegian and Japanese societies was intriguing to observe through a thorough comparison of social aspects in both countries, particularly governmental assistance, hierarchical structures, and the focus of the prototype. This further highlighted the contrasts in the same target demographics across both countries, leading to the realization that the same prototype may not have the same impact on both societies. 

Another important note was the difference in priority and emphasis between the assigned theme and problem statement for the liberal arts students and the STEM students. There was a clear distinction in focus areas between the two universities. The EUH students solely prioritized the human-centred aspect of the provided theme, while the Oslomet students, on the other hand, targeted the technological aspect. It was quite intriguing to witness STEM students and liberal arts students trying to understand each other’s perspectives on the same situation.

Interestingly, rather than observing two major groups of students taking part in this course, I noticed three different groups. The first group is the Norwegian students who had never been to Japan, who viewed the problem statement based in Hiroshima from an external perspective. The second group consists of native Japanese students currently living in Hiroshima who viewed the problem statement from an internal perspective. The third group was international students (non-Japanese students studying at Eikei, including myself) who are also currently living in Hiroshima but viewed the problem statement from a pseudo internal-external perspective. All three groups had differing opinions and thought processes, which led to a significantly interactive and dynamic session. I was able to perceive the importance of having people with differing experiences and cultures participate in a discussion, as it progressively leads to a more adaptable and inclusive long-term approach towards achieving a common objective.

Additionally, my experiences in this course resonated with my own experience as the president of the international student organization club at our university. Oftentimes, while having meetings with Academic Affairs and International Affairs at our university regarding new initiatives, changes, or plans, I always aim to gather various opinions and concerns of my international peers, representing their needs and concerns as well. These concerns or opinions are quite varied, since the international student community has students who come from different regions of the world, resulting in a wide range of perspectives. When these varied concerns are addressed, it encourages developing solutions that aim at supporting a diverse community.

a student studying
Chhavvi Anilkumar reflects on her experience in the course, Social Entrepreneurship | Photo courtesy of Chhavvi Anilkumar


This course has given me important insights and perspectives that I am sure will continue to shape my views in the short- as well as the long-term future. As a person interested in diversity and multiculturalism, this course’s experience considerably strengthened my understanding of how social structures and different experiences shape the perspectives of an individual. I believe this insight will assist me in interacting with a diverse range of people in a more inclusive manner, especially when creating solutions or strategies that can cater to various demographic groups.

Facilitating such interactive sessions, observing, and understanding the differences between the given prototypes reinforces more than just the value of collaborating with individuals coming from other backgrounds. Including different groups to participate in a situation or problem with their differing perspectives and skills increases the potential of having an adaptable solution idea that could further positively impact more than just the targeted audience. Hence, courses such as Social Entrepreneurship play a significant role in encouraging and fostering collaborative initiatives and approaches that lead to developing unique, adaptable, and successful solutions.

SPICE's course on Social Entrepreneurship with Eikei University of Hiroshima is one of SPICE’s local student programs in Japan.

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

Read More

group of students and instructors in a classroom
Blogs

Behind Every Action is a “Why”: A Journey of Academic and Personal Growth in Human-Centered Design

Renz Kayle Roble Arayan, an undergraduate student at Eikei University of Hiroshima, reflects on his experience in the SPICE course, Social Entrepreneurship.
Behind Every Action is a “Why”: A Journey of Academic and Personal Growth in Human-Centered Design
Students and staff of the 2019 Stanford-Hiroshima Collaborative Program on Entrepreneurship (SHCPE)
Blogs

Stanford-Hiroshima Collaborative Program on Entrepreneurship: Reflections

Stanford-Hiroshima Collaborative Program on Entrepreneurship: Reflections
Hero Image
group of students posing in front of a screen
Class picture after the final lesson at Eikei University of Hiroshima | Photo Credit: SPICE
All News button
1
Subtitle

Chhavvi Anilkumar, a student at Eikei University of Hiroshima, reflects on her experience in the course, Social Entrepreneurship.

Date Label
Display Hero Image Wide (1320px)
No
Authors
Jonas Edman
News Type
Blogs
Date
Paragraphs

Stanford e-Tottori is a distance-learning course sponsored by the Tottori Prefectural Board of Education and the Stanford Program on International and Cross-Cultural Education (SPICE) at Stanford University.

This year marks the 10th anniversary of the Stanford e-Tottori Program, a milestone that provides an opportunity to reflect on a decade of learning, cross-cultural exchange, and partnership between Stanford University and Tottori Prefecture.

Launched in 2016, Stanford e-Tottori was the first regional program in Japan developed by SPICE. The program was created through a partnership between SPICE and the Tottori Prefectural Board of Education with the goal of helping high school students in Tottori engage in global issues, deepen their understanding of the United States and U.S.–Japan relations, and strengthen their English communication skills.

When the program began, none of us could have imagined that it would still be thriving 10 years later. Over the past decade, approximately 250 students from across Tottori Prefecture have participated in the program. Through weekly assignments, online discussions, virtual classroom sessions, guest lectures, and independent research projects, students have explored topics ranging from education and entrepreneurship to sustainability, diversity, leadership, and U.S.–Japan relations.

Having taught every cohort since the program’s founding, I have had the privilege of working with an extraordinary group of students. Each year, I am impressed by their curiosity, thoughtfulness, and willingness to engage with complex issues. Although students enter the program with varying levels of English proficiency and different academic interests, they consistently demonstrate a desire to learn, challenge themselves, and better understand perspectives beyond their own.

One of the defining features of the program has been the students’ final research projects. At the end of each course, students select a topic of personal interest, conduct independent research, and present their findings in English. Over the years, they have investigated subjects as diverse as artificial intelligence, environmental sustainability, education systems, cultural identity, social welfare, entrepreneurship, history, and international relations. These presentations have provided students with opportunities not only to strengthen their research and communication skills but also to share their passions and interests with others.

The success of Stanford e-Tottori also helped to lay the foundation for SPICE’s broader expansion of regional programs throughout Japan. What began as SPICE’s first regional program has grown into a network of educational partnerships that now serve students in prefectures and cities across the country. Today, SPICE offers regional programs in Fukuoka, Hiroshima, Oita, Tottori, and Yamaguchi prefectures, as well as in the cities of Kagoshima, Kawasaki, and Kobe.

Education is ultimately about people, and one of the greatest rewards of teaching Stanford e-Tottori has been the opportunity to learn from and work with so many talented students, teachers, and colleagues in both Japan and the United States.

One of the greatest joys of the program has been seeing students experience California and Stanford University firsthand. Each year, two top-performing students are invited to Stanford as honorees in recognition of their outstanding achievement in the course. During their visits, students participate in award ceremonies, tour the Stanford campus, meet Stanford faculty and staff, and connect with fellow students from other SPICE regional programs.

These visits have also provided opportunities for students to glimpse into American high school life firsthand. Over the years, I have had the pleasure of accompanying students to local schools, where they have attended classes and met with American students. I am especially grateful to local educators, including Yoko Sase of The Nueva School in Hillsborough and Matt Hall of Gunn High School in Palo Alto, who have generously welcomed our students into their classrooms and school communities.

The Stanford e-Tottori Program would not exist without the vision, dedication, and support of many individuals and organizations. I am especially grateful to Takeshi Homma, whose passion for education, entrepreneurship, and international exchange helped inspire the creation of the program 10 years ago. Since its inception, Homma-san has remained a steadfast supporter, generously sharing his experiences and insights with students through annual guest lectures on entrepreneurship, innovation, and global citizenship.

I would also like to express my sincere appreciation to Governor Shinji Hirai for his longstanding commitment to international education and global engagement. His support of educational exchange between Tottori and Stanford has helped create opportunities for hundreds of students to broaden their horizons and develop a deeper understanding of the United States and U.S.–Japan relations.

I am deeply grateful to the Tottori Prefectural Board of Education for its partnership and commitment to providing meaningful international educational opportunities for students. Over the years, I have had the pleasure of working with many dedicated educators and teacher consultants whose efforts have been essential to the program’s success, including Koji Tsubaki, Takuya Fukushima, Tomoya Minohara, Shuichi Hata, Natsu Odahara, and Satoru Hamahashi. Their enthusiasm, professionalism, and unwavering support have helped make the Stanford e-Tottori Program a rewarding experience for students throughout Tottori Prefecture. 

As I reflect on the past 10 years, what stands out most are not the individual lessons, assignments, or presentations, but the relationships that have developed through the program. Education is ultimately about people, and one of the greatest rewards of teaching Stanford e-Tottori has been the opportunity to learn from and work with so many talented students, teachers, and colleagues in both Japan and the United States.

As Stanford e-Tottori enters its second decade, I am excited to see what the future holds. I look forward to continuing to learn alongside future generations of students and to strengthening the bonds of friendship and understanding that have connected Stanford and Tottori over the past 10 years.

Congratulations to all of the students, educators, and partners who have been part of the Stanford e-Tottori story. Thank you for making the past 10 years such a remarkable journey.

Stanford e-Tottori is one of SPICE’s local student programs in Japan.

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

Read More

Jonas Edman with e-Tottori students
Blogs

From sand dunes to Detective Conan

From sand dunes to Detective Conan
posed group shot of high school students and educators in Tottori, Japan
News

Seeing the world beyond a grain of sand: SPICE's online course for Tottori Prefecture

Seeing the world beyond a grain of sand: SPICE's online course for Tottori Prefecture
Opening ceremony for the fourth-year course offering of Stanford e-Tottori
Blogs

Stanford e-Tottori: Reflections

Stanford e-Tottori: Reflections
Hero Image
students and an instructor sitting in a circle in a classroom
Jonas Edman with Stanford e-Tottori students in September 2017 | Photo courtesy of the Tottori Prefectural Board of Education
All News button
1
Subtitle

SPICE instructor Jonas Edman reflects on a decade of teaching SPICE’s first regional program in Japan.

Date Label
Display Hero Image Wide (1320px)
No
Subscribe to Japan