③So called Reciprocal Tariffs (Deciphering Trump Administration)

Visiting Research Fellow

Andrew Capistrano is Director of Research at PTB Global Advisors, a Washington DC-based geopolitical risk consulting firm. Specializing in economic competition between the US/EU and China, he analyzes how trade, national security, and industrial policies impact markets, and his firm’s clients include Japanese corporations and government agencies. He previously worked in Tokyo at the US Embassy’s American Center Japan and as a research associate at the Rebuild Japan Initiative Foundation / Asia-Pacific Initiative. Dr Capistrano holds a BA from the University of California, Berkeley; an MA in political science (international relations and political economy) from Waseda University; and a PhD in international history from the London School of Economics. His academic work focuses on the diplomatic history of East Asia from the mid-19th to the mid-20th centuries, applying game-theoretic concepts to show how China's economic treaties with the foreign powers created unique bargaining dynamics and cooperation problems. During his doctoral studies he was a research student affiliate at the Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) in London.

Research Associate

Rintaro Inoue is a Research Associate at the Asia Pacific Initiative (API) & the Institute of Geoeconomics (IOG), the International House of Japan (IHJ), a Tokyo-based global think-tank, where he focuses on U.S. security policy, the U.S.-Australia alliance, Japanese defense policy, and economic statecraft including defense industrial base policy. Prior to assuming his current position, he joined the Asia Pacific Initiative (API) as an intern and contributed to multiple projects including the Japan-U.S. Military Statesmen Forum (MSF). He is currently researching defense industrial policies of other countries in the International Security Order Group. He received his BA and MA in law from Keio University and is now a PhD student.