
ASICS' New Marathon Shoe Weighs Only 129 Grams
Japanese shoewear company ASICS will release its ultra-lightweight marathon shoe, the METASPEED REY, in mid-August. Weighing just 129 grams per shoe (size 27.0 cm), it is among the lightest on the market among major brands.
ASICS aims to make a strong push in a competitive market long dominated by overseas rivals like Nike. In addition to the REY, the company will release two upgraded models in late July: the METASPEED SKY TOKYO, designed for long-stride runners, and the METASPEED EDGE TOKYO, for high-cadence runners. The global launch event for the new METASPEED series.
The company hopes these new models will help athletes win gold at the World Athletics Championships in Tokyo this September.
A launch event was held on May 2 at the Ariake Urban Sports Park in Tokyo. It attracted around 120 people, including 80 running-focused media representatives from around the world.
ASICS Chairman and CEO Yasuhito Hirota took the stage and said, "We're developing premium running shoes in close partnership with athletes to help them run faster." ASICS CEO Yasuhito Hirota.
In 2017, Nike disrupted the running world by introducing thick-soled racing shoes that quickly came to dominate global races. At the time, ASICS' thin-soled models left the company struggling to compete.
In response, it launched the C-Project in 2019 under Hirota's leadership to create a new line of competitive shoes. The "C" stands for chojo , which means "summit."
The first METASPEED models debuted in 2021, followed by improved versions in 2022 and 2024. The new REY, SKY TOKYO, and EDGE TOKYO represent the fourth generation in the series. Click to watch highlights from the event in English.
The new models feature a midsole material called FF LEAP, which is 15% lighter and offers 13.7% more rebound than previous materials. Both the SKY TOKYO and EDGE TOKYO weigh 170 grams per shoe — 15 grams lighter than their predecessors, SKY PARIS and EDGE PARIS.
The 129-gram REY model uses FF LEAP throughout the midsole. It also features an ultra-thin upper and a thinner, smaller outsole to reduce weight. A development team member noted, "It was a battle to shave off every gram." The three models of the new METASPEED series: the ultra-light REY (center), EDGE for high-cadence runners (right), and SKY for long-stride runners (left).
ASICS was late to adopt the thick-sole trend and suffered a major blow when no athletes wore its shoes at the 2021 Hakone Ekiden. However, the launch of the METASPEED series that same year helped the brand regain momentum. By the 2025 Hakone Ekiden, the company had recovered about 25% of the market share.
In January 2024, runner Honami Maeda broke the Japanese women's marathon record with a time of 2:18:59 at the Osaka International Women's Marathon. She was wearing METASPEED shoes. The series is increasingly seen as a record-breaking tool by elite athletes.
The REY will retail for ¥33,000 JPY (about $230 USD). SKY TOKYO and EDGE TOKYO will be priced at ¥29,700 (about $200). All prices include tax.
ASICS has a long history with ultra-light shoes. In 1985, it released the Marathon Sortie UL-100, which weighed just 100 grams (size 25.5 cm). The shoe shocked the athletic world but failed to catch on due to its extremely thin sole, which offered little durability or cushioning.
Did that experience influence today's 129-gram design? Shuhei Takemura, head of the C-Project, explained, "Shoe performance and roles are different now. We weren't aiming for 100 grams." Still, he acknowledged that, just like 40 years ago, today's design was driven by athlete feedback. "ASICS spirit of pushing the limits of lightweight design remains unchanged," he said.
The performance of thick-soled racing shoes — popularized by Nike — relies on high-rebound materials and carbon plates that convert landing impact into forward propulsion. For years, brands accepted heavier weights as a tradeoff for better running efficiency.
But now that thick-sole technology has matured, weight reduction is once again a key differentiator. Adidas released a 138-gram (size 27.0 cm) thick-soled shoe in 2023 that was very successful. In this context, ASICS is jumping to the front of the pack with its 129-gram REY. An Asics development team member explains the weight reduction of the METASPEED EDGE TOKYO.
ASICS prioritizes athlete needs. Development of the METASPEED series was done in close collaboration with top runners under contract.
At the May 2 launch event, Belgian Olympic silver medalist Bashir Abdi, four-time Olympian Eilish McColgan of the United Kingdom, and Japanese half-marathon record holder Tomoki Ota (sponsored by Toyota) all spoke about the shoes' features.
McColgan told The Sankei Shimbun that ASICS listens carefully to athletes and quickly incorporates feedback. Her comments reflect strong trust in the brand. UK athlete Eilish McColgan at the launch event for the new METASPEED series.
When I tested the new METASPEED series, the shoes' lightness was immediately noticeable — but so were the challenges.
The REY provides a spring-like rebound but sacrifices stability. The ultra-thin upper lacks structure, which can make the shoe feel unstable and lead to potential missteps.
According to an ASICS representative, the REY is suited for "top athletes who can maintain high speeds until the end of the race and push with powerful strides." Runners who tire late in a race may risk breakdowns in form, reduced pace, or even injury. Courses with curves or downhill sections also pose a risk of ankle twists.
In contrast, the SKY TOKYO felt more balanced. It offered a better combination of rebound and stability, allowing for more confident running. The EDGE TOKYO shares similar characteristics and is designed for both elite and competitive amateur runners.
With three distinct models launching simultaneously, it's essential for runners to try them on for a test run to find the right match.
( Read the article in Japanese . )
Author: The Sankei Shimbun

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Japan Forward
4 hours ago
- Japan Forward
Exclusive: Retired Star Satoko Miyahara Still Seeking Future Path
Satoko Miyahara took time from her busy tour schedule to discuss her illustrious career, current work, and thoughts about the future in an exclusive interview. Satoko Miyahara dazzles during her performance in one of the 2025 Rock Stars on Ice tour stops. (©TRI NGUYEN) SAN JOSE, California ― Three years removed from her competitive career, Satoko Miyahara is just entering the prime of her life and the possibilities going forward are limitless. The 27-year-old Miyahara recently completed a grueling month-long tour of Canada and the United States with "Rock Stars on Ice." This marked the fourth year that the four-time Japan champion has skated with the group, which included the likes of two-time world champion Ilia Malinin and fellow world titlist Alysa Liu. Miyahara took time out from the busy tour schedule for an exclusive interview with Ice Time, where she discussed her illustrious career, current work, and thoughts about the future. Ice Time asked the two-time world medalist how she came to be the only Japanese skater with the Stars on Ice troupe. "When I retired from competition, I really wanted to do shows overseas," Miyahara stated in a quiet room inside the SAP Center before a Sunday afternoon show. "I was skating as a guest skater in Stars on Ice Japan. That was the very first connection. My agent contacted the producer of SOI and asked if I could join the Canadian tour, and the answer was positive." Satoko Miyahara in a recent file photo. (SATOKO MIYAHARA/via INSTAGRAM) Renowned for her beautiful line and edge on the ice, I wondered whether she enjoyed competitions or show skating more. "I think I like shows better, but I really like the training process toward competitions," Miyahara commented. "So it's hard to decide which. Just talking about the actual performance, I like to perform in shows. "I think at competitions I pressure myself too much and I never thought that I did my best programs at competitions. But when it comes to shows, it is more about how you perform, and you can do the programs you really want to do." Satoko Miyahara (JACK GALLAGHER) Her successful career has brought her a legion of fans in various parts of the globe, and along the way she has earned several nicknames. Ice Time wanted to know which one was her favorite. "I adore them all," Miyahara remarked. " 'Satopi' is from (former training partner) Ayaka Hosoda and it's my oldest nickname. 'Satton' comes next because one of my friends who trained with me gave me that name. "It's so funny, to say our nicknames in Western Japan, it's a very Kansai nickname. The pronunciation is Sat-ton, but the people in Kanto cannot really pronounce it right. Even between skaters we always have fun talking about that." The final moniker is believed to have been originally bestowed upon her by foreign fans. " 'Tiny Queen' I love because my fans gave me that name and it always brings me the feeling that I should be honored about myself and be like a tiny queen. I tend to shrink and feel like I am not good enough. 'Tiny Queen' brings the feeling that I should be proud of myself and show my best." Satoko Miyahara Added Miyahara, "I don't know if it was foreign fans or Japanese fans who came up with the nickname, but everybody knows it means me." Satoko Miyahara competes in the women's short program at the 2018 Pyeongchang Olympics. (©SANKEI) When one has had as decorated a career as Miyahara has, I was interested in hearing her memories of the Pyeongchang Olympics, where she came in fourth in 2018. "I was very, very, very happy with both the team event (Japan finished fifth) and my individual event," Miyahara proclaimed. "Both were a great result. For me, the Olympics were the biggest goal, so I was so happy that I was able to get that opportunity to participate in the competition. The whole event felt like I was in a wonderland. That is my biggest memory." Ice Time was in Pyeongchang and vividly remembers Miyahara's outstanding performance, where she finished behind Russians Alina Zagitova and Evgenia Medvedeva, and Canada's Kaetlyn Osmond. From left, runner-up Satoko Miyahara, gold medalist Elizaveta Tuktamysheva and third-place finisher Elena Radionova in the women's singles competition at the 2015 World Figure Skating Championships in Shanghai. (DAVID W CARMICHAEL/CC BY-SA 3.0/via WIKIMEDIA COMMONS) Miyahara, a two-time Grand Prix Final medalist, considers the 2018 Games to have been the pinnacle of her career, but also cited a couple of other competitions as being high on her list of favorites. "The Pyeongchang Olympics was my highlight," Miyahara recalled. "Also, the very first worlds (2015), where I got the silver medal, those were my two highlights, thinking of the results. "But program-wise, the Grand Prix Final in Barcelona (where she placed second in 2016)," she continued. "I really felt like I was doing my programs without any doubts, [and] I felt really free. Program-wise, performance-wise, that was my best." Rock Stars on Ice performer Satoko Miyahara has participated in its shows in North America since 2022. (JAMES BENNETT) After addressing the glorious moments of a career that earned her seven medals at the Japan Championships, Ice Time wanted to know if she had any competitive regrets. "I don't have any competitions that I regret, but if I can say one, the very last season of my career," Miyahara remembered, referring to her fifth-place finish at the 2021 Japan Championships. "It was the selection competition for the Olympics. I fell on my [triple] lutz and, I don't know, but if I landed it, I might have been selected for the Beijing Olympics." Miyahara continued: "I still question if I had landed it, but it is what it is and I don't regret it at all. I'm so happy right now, so I have no regrets." Satoko Miyahara in 2018. (ⒸSANKEI) To call Miyahara's family successful is a bit of an understatement, as both of her parents are doctors. Ice Time asked for specifics on their fields of practice. "My mom is a hematologist and my father is a lung surgeon," Miyahara noted. Growing up around that high level of professional achievement, I wondered if she felt any anxiety about life after skating. "I don't feel any pressure, because my parents really respect my opinions," Miyahara commented. "They say, 'You should do whatever you want to do.' " She then said, "They support me a lot. Maybe a tiny bit they would like me to attend medical school. I don't know. This is my guess. They really respect me and I respect them." Miyahara, who won the Four Continents Championships in 2016, confessed that she does not have a firm plan about her future path at this time. "I actually do not know what I want to do," Miyahara remarked, adding, "I just want to experience whatever I can. Whatever comes along my path, I would like to try everything and see what I want to do and what I don't want to do. I am searching for what I want to do." Added Miyahara, "I just have to see what I want to do in the future. I think because I don't know what I want to do after skating, that is making me feel worried a little bit." Satoko Miyahara (front row, center) and other members of the 2025 Rock Stars on Ice tour. (SATOKO MIYAHARA/via INSTAGRAM) As she continues her career as a professional skater, Miyahara has begun to dabble in choreography, including creating a new exhibition program for three-time world champion Kaori Sakamoto. Ice Time wanted to learn the origin of that arrangement. "I recently started to work with some kids and I did one show program with a senior girl, Miyabi Oba," Miyahara stated. "She's my great, great friend. Because I did that a lot of skaters thought, 'Oh, you do choreography?' Kaori was one of the skaters, and she just texted me, 'Is it OK if I ask you to make my exhibition program?' "I was like, 'It is such an honor, but are you sure that you want me to make your exhibition program?' Miyahara recalled. "And she was like, 'I would love you to.' " Miyahara admitted she had some trepidation about the task. "I was a bit nervous, but I wanted to take on that challenge," Miyahara said, adding, "I really love Kaori, so I accepted it." While she enjoys doing choreography, Miyahara isn't considering it as a primary vocation looking ahead. "I don't see myself doing choreography as a main job in the future. But as a life experience and to bring it to my next career," Miyahara stated. "I think it is going to be a great opportunity and experience. For now, I really enjoy working on choreography and studying about it. It could be a side job in the future." The 152-cm Miyahara was coached by Mie Hamada for her entire career. Ice Time asked for her thoughts on the legendary mentor, who is still going strong. Mie Hamada (KYODO) "She started coaching me when I was seven and a half," and "basically brought me to the Olympics. Baby to the Olympics. She taught me all the basic skills and skating skills, and how to practice, how to train, how to train off ice." Satoko Miyahara on mentor Mie Hamada Added Miyahara, "She brought me to all the amazing choreographers overseas, jump coaches, spin coaches. [And] she took me everywhere that we could go. I think that made me a good skater. I really appreciate her." Having learned under a prominent coach for so many years, the question of whether Miyahara would someday like to coach herself was broached. "Not for now," Miyahara stated. "I have been thinking about if I really want to coach after finishing competing. But so far, I never felt that I wanted to be a coach. It is very difficult." One new assignment that Miyahara has taken on is that of a director for the Japan Skating Federation, which she assumed in September 2024. I asked how that opportunity came about and what it entails. "Ito-san (JSF chief Hidehito Ito) called me and he asked me if I would like to try or not," Miyahara recalled. "He asked if it was OK if he selected me as a director. I had no idea at that time what I could do. [And] I thought it might be a good chance to contribute to the skating world. So I thought I would like to try it." Miyahara then gave a brief description of what her role with the JSF is. "There are a few faculties in the JSF," she noted. "I am in the headquarters. There are meetings and I attend those meetings. We talk about events and how the event went. We discuss how we can make things better. That is what I am doing now. I am still learning about how it all works. We meet once a month, in Tokyo or online." Miyahara's popularity among the skating public and her fellow skaters is well known. Her sublime skating skills, dedication to her craft, and ability to interact with her fellow competitors through the years have made her a highly respected figure in the sport. Kaori Sakamoto (left) and Satoko Miyahara are seen at the Fantasy on Ice show at Makuhari Messe in Chiba on May 31. (KYODO) Ice Time queried Miyahara on who she considered her best friends in skating after all these years. "That is such a hard question," Miyahara replied. "In Japan, probably Kaori, Wakaba [Higuchi] and Rika Hongo. Those three are the closest. Of the boys, Kazuki [Tomono] and Koshiro [Shimada]. I am pretty close to them." Miyahara then said, "I grew up competing with Shoma [Uno], so I know a lot about him. I am very close with [coach and choreographer] Stephane Lambiel, [and] I am also close with the Stars on Ice family members." From left, Japanese skaters Yuzuru Hanyu, Satoko Miyahara, Akiko Suzuki and Takahito Mura are seen in this commemorative photo at a Noto Peninsula reconstruction charity performance in September 2024 in Kanazawa. (©Toru Yaguchi/via SANKEI) Miyahara said she has enjoyed the annual multi-city tours of Canada and the United States with the SOI team. "It's really fun because I like to travel and see the city," Miyahara commented before adding, "it's very interesting to see all the places. I don't really know exactly on the map which city is where, but it's so amazing that I can see all the places and skate there. It's hard to say which city is the best." Miyahara mentioned that the evening performances give her a chance to explore the different stops on the tours. "It's amazing because I get to see all the different venues and rinks," she noted. "We have the shows. Usually Sundays are matinees. Weekdays it is from 7 PM, so I have time during the mornings to walk around." Having spent so much time outside Japan for training, competitions, and shows in her career, Ice Time wanted to know if she was interested in living abroad at some point in the future. "I would like to have the chance to live overseas someday," Miyahara replied with a smile. Author: Jack Gallagher The author is a veteran sports journalist and one of the world's foremost figure skating experts. Find articles and podcasts by Jack on his author page , and find him on X (formerly Twitter) @sportsjapan .


Globe and Mail
8 hours ago
- Globe and Mail
Can Nike Stock Double a $1,000 Investment in 5 Years?
When thinking of the most powerful brands on the planet, Apple and Coca-Cola might immediately come to mind. I wouldn't be surprised if Nike (NYSE: NKE) gets brought up as well. The leader in athletic footwear and apparel has a storied history, to be sure. However, it has hit a major rough patch. The share price, which is down 39% in the past five years, reflects underlying fundamental issues with the business. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » But opportunistic investors hunting for strong returns could see a turnaround play here. Can this consumer discretionary stock double a $1,000 investment over the next five years? Nike's strategic missteps Nike generated $11.3 billion in revenue in the third quarter of 2025 (ended Feb. 28). That figure was down 9% year over year and also 9% lower than the same period in fiscal 2023. What's more, earnings per share (EPS) tanked 30%. These financial metrics are wildly disappointing. With the benefit of hindsight, it becomes very clear what mistakes Nike made to get to this point. The business relied too much on classic footwear franchises, which contributed to a lack of product innovation that drove a loss of customer excitement. On the distribution front, Nike leaned heavily on going direct to the consumer, mainly in e-commerce, alienating retailing partners in the process. And this opened up shelf space to up-and-coming rivals, particularly in the important running category. Fashion is a tough industry to crack. Companies have to work hard to cater to the constantly changing tastes that consumers have. For example, the rise of the athleisure trend was a boon for Lululemon Athletica while spawning new businesses like Alo Yoga and Vuori. It seems more recently, there is growing interest in looser-fitting clothes. Change is the only constant. It is surprising, though, that Nike has taken such a big hit financially. After all, this company has been around for decades, leading the global sportswear market. It should have a better pulse on consumer trends than any business in the industry. But even the best can still run into problems. It's time to focus on the brand Nike possesses one of the world's most iconic brands. I don't believe anyone would disagree here. This brand is precisely what makes up the company's economic moat. It provides a key asset for Nike to focus on. CEO Elliott Hill, who was brought in last year to orchestrate a successful turnaround, is focusing on the right strategic priorities. It's all about getting back to product innovation and meeting customers where they are. Nike recently started selling its products on Amazon again after taking a six-year break from the dominant online marketplace. For what it's worth, Nike still has a leading market share in the worldwide sportswear industry. Its brand, high-visibility athlete endorsements and league partnerships, broad distribution capabilities, and marketing prowess give it the tools it needs to succeed. Nike's path to doubling your money Nike shares are near the cheapest they've been in the past decade, trading at a price-to-earnings (P/E) ratio of 20.9. Expectations are understandably low, but that introduces upside potential. Investors must believe that Nike will get back on track sooner rather than later. And by this, I mean it starts to register solid revenue and EPS growth. Making real progress could take some time, but this is the formula for investment success. I wouldn't be surprised if the stock can double in five years, turning $1,000 into $2,000 by the end of the decade. A cheap starting valuation, coupled with improving fundamentals, can drive huge share-price gains. However, I still think this remains a very risky investment opportunity as the uncertainty is high. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $367,516!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,712!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $669,517!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of June 9, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Apple, Lululemon Athletica Inc., and Nike. The Motley Fool has a disclosure policy.


Japan Forward
11 hours ago
- Japan Forward
Start by Expanding Beyond Trade
Hudson Institute's Japan Chair challenges conventional international relations thinking by integrating a wide range of perspectives toward beyond-the-horizon policy issues. JAPAN Forward is pleased to amplify the voices of its fellows by sharing this report with our readers. Japan is facing a world suddenly beset by enormous uncertainties. Tokyo didn't ask for this moment, but it should take the embedded opportunity seriously. This is not a time to patiently wait for a return to the old normal. The ancien régime is gone. Instead, Tokyo should put forward ideas that transcend previous institutional arrangements. While the coming period will be challenging, Japan may never have a better opportunity to press for systemic change. By most accounts, the conversations between Japanese and American negotiators have been constructive. The US apparently wants to develop a framework agreement, undoubtedly encouraged by the one formulated very quickly with the UK. There is clearly no lack of goodwill between the two countries, and President Donald Trump's participation in the opening dialogue was more than just symbolic. He appreciates the extraordinary importance of the bilateral US-Japan relationship, and while the President takes issue with the merchandise trade imbalance, he and his team see value in creating win-win outcomes across a spectrum of subjects. Just as "war is too serious a matter to be left to the generals," financial, economic, and geostrategic relationships are too important to be left entirely in the hands of their respective specialists. The American administration isn't content with advancing an agenda within a narrow institutional framework (eg, trade). It is clear — if not clearly articulated — that the White House hopes to change the overarching framework itself. Trade, national defense, economic security, scientific cooperation, and cross-border investment flows are not just — in its view — stand-alone issues for discussion and negotiation, staffed by the elite inhabitants of exquisitely crafted separate castles, guarded by their own technocrats and autonomous rules. To the Trump administration, these issues are of common interest, require common popular support, derive from common fiscal support, and in some sense, are fungible in the hands of uncommon leadership. National leaders need to acknowledge that they own the totality of these processes and have to deliver a narrative to their home audience that makes sense of the bigger picture. This is a lot to ask. Nothing was easy before; now it gets harder. Even narrowly defined, bilateral trade negotiations are never straightforward dialogues that transparently improve all parties' welfare. Can leaders feasibly add national and economic security or other strategic issues to the negotiations? The downside risks are easy to envision. If negotiations drag on, the uncertainties and externalities can weigh heavily on growth. That's the most obvious risk, but there is substantial upside risk as well. The current system of multiple, narrow, expert-driven negotiations has drawbacks. The reemergence of global populist politics has been fueled by agitated groups of "losers" who have felt the weight of arrangements made without their input. Reframed properly, complex bilateral negotiations can take the air out of some of that populism. Both Japan and the US should come to the dialogue with a well mapped out and holistic picture of where they want to land. Further, both sides need to accept a form of negotiation that forgoes the rigid nothing-is-agreed-until-everything-is-agreed approach. Making provisional binding agreements on the path to the full package has to be ok. Because Japan and the US already have high trust and interconnectedness, this can work. The challenge is getting back to first principles: negotiators need to delineate the must-haves, the nice-to-haves, and the red-line boundaries of multiple policies irrespective of the structure of prior institutional arrangements. Minister of State for Economic Revitalization Ryosei Akazawa (right) and US Treasury Secretary Scott Bessent shake hands before trade talks in Washington, DC. (Pool photo viaKyodo) Governments are accustomed to framing activities against visible institutional boundaries, typically framed by inherited norms. What this paper contemplates is a set of agreements and arrangements that allow for interplay between formerly walled-off subject areas. Economic security is potentially fungible with investment conditions. Trade is potentially fungible with minimum national security conditions. Intellectual property with direct national security relevance is fungible with employment and consular rules. When the legacy boundaries are in flux or removed, one can examine bilateral (and multilateral) agreements that would never fit within prior structures. Here are some specific suggestions for Japan as it formulates what might be called a fungible portfolio of "Japan First" policy proposals: Start by recognizing the obvious: the institutions of the legacy rules-based international order never rebalanced to reflect the realities of modern Asia, even as the populations, productivity, prosperity, and centrality of Asia to a highly interdependent world unfolded. This can be a moment for rebalancing, and Japan can both host and influence those institutions as they are — and should be — reshaped and refocused. Some of the specific areas where this approach can be operationalized are described below. The West is home to the largest multilateral financial institutions (eg, the International Monetary Fund and other international financial institutions, or IFIs), the United Nations and its component institutions, the central bank of central banks (the Bank for International Settlements), and the world's largest security and defense entity (the North Atlantic Treaty Organization). It's time to encourage some of the IFIs to rebase themselves — specifically in Japan. If the US is ready to de-fund critically valuable parts of the UN institutional system, and if Europe's weak growth and financial outlook leave it unwilling or unable to support the pillars of international coordination and dialogue, then IFIs should move to a place where they would be valued and supported and where they can thrive. Digital tech, biomedical tech, and venture finance would benefit if they had a globally recognized hub in northeast Asia. These three fields are — unsurprisingly — mutually supportive. Institutional support for basic research at key universities and independent research institutes completes the picture. Japan already has success in all of these areas, but it lacks the scale to act as a gravitational force. As other countries back away from commitments in these areas — for different reasons — Japan can both fill a vacuum and create a global asset. The untapped human capital in East Asia would respond well to a viable opportunity in a nearby time zone. Becoming a global hub — whether for tech, finance, or any other area that thrives on continuous innovation — depends upon having enough people whose activities create a positive environment for doing more of the same work. These network effects in innovation are neither static nor mysterious. They require an environment that is conducive to the new, and that can act as a platform upon which innovators can grow and adapt. In other words, becoming a hub mostly requires ensuring that nothing obvious gets in the way. A ruthlessly honest assessment of domestic impediments could benefit both Japan and the US. Asia in general, and Japan in particular, can be a center for global thought leadership and a stage for communication and dialogue. The think tank ecosystem in Japan is strangely quiet and private. Corporate institutes abound, but in many ways they are sub-scale, narrowly focused, and punching below their weight. This doesn't reflect the quality of the human capital involved, so the issue is structural. More specifically, policy platforms and high-level regional security gatherings are relatively easy to sponsor, and Japan can afford to promote itself as a premier venue for security-focused institutional thinking. Washington, DC, hosts multiple public and private organizations that focus heavily on security, but these organizations aren't in DC strictly because the US is a dominant power. The causality goes both ways: the US has been dominant partially because of its convening power, and public dialogue that flows from thought leadership housed in think tanks such as Hudson Institute, the Center for Strategic and International Studies, and others. Tokyo can raise its profile in comparable ways. The government of Japan has long aspired to reinvigorate Tokyo as a global financial center. Many of us have written on this, been in discussions with government officials, and participated in public events aimed at shining a light on the virtues of bringing more financial headquarters to Tokyo. Working papers with specific proposals abound. Now is the time to make bold moves. Hong Kong is no longer the London of Asia, and Singapore is small and still a long way from the financial capitals of Japan, Korea, and China. If ever there was a good moment to announce policy measures that could entice more financial firms to bring their Asian HQs to Japan, that time is today. Japan occupies an indispensable place in the global supply chain for high-value-added goods, including products that are critical to the US defense supply chain. Tariffs and disruptions to global trading arrangements won't change this in the next few years, if ever. Japan can use this advantage as it thinks ahead to the give-and-take across other areas for negotiation. Factories, engineers, and expertise aren't readily mobile across national borders, and most importantly, human-centric intellectual property isn't either. Ask anyone involved in manufacturing high-value-added goods, and you will hear a story that belies political talk of significant tech-heavy reshoring. The reality is that it's a generational challenge. In the meantime, high-trust nations can co-develop pathways to a better balance across multiple fields. Japan can take the lead with the US and develop a framework in which both countries get more of what they want. Time is of the essence, and there's no reason for Japan to be unambitious. The pathway to a trade-plus deal will have ups and downs, crises and breakthroughs. It's unlikely to happen quickly, even if all parties aspire to a win-win outcome. The countries that bring a full and multidimensional agenda to the dialogue early will have a range of tools that may be valuable as the process unfolds. Japan brings more to the table than almost any other single country. None of this is going to be easy, but Japan is well-positioned to bring positive proposals to the negotiating table. The US administration knows what's at stake and should react well to proposals — including multidimensional ideas — that Japan and America can both describe as wins. A Good First Step: Analyzing the Trump-Ishiba Summit Author: Mark Siegel Mark Siegel is an adjunct fellow at Hudson Institute. He is also managing partner of Chancellors Point Partners LLC.