IOG Commentary

Research Activities
IOG Commentary

IOG researchers provide timely analysis, commentary, and recommendations on current international affairs and Japanese policies.
Economic Security
China’s Rare Earth Export Controls: “International Rules” Orientation and the Avant-Garde Use of Security Exceptions

This article was originally published (in Japanese) in the May 2026 issue of Overseas Investment and Finance (Kaigai Toyushi). htt

Senior Research Fellow

Kenichi Doi

Economic Security
Sovereign AI After Fugu: From Vertical Dominance to Horizontal Resilience

On 22 June, Tokyo-based Sakana AI launched “Fugu”, a multi-agent orchestration system accessed through a single model API (applica

Visiting Research Fellow

Andrew Capistrano

Economic Security
Digital Currencies and Monetary Hegemony, Part III of III: Dollar Hegemony and Digital Currencies

Part I of this series examined the history of the weaponization of finance and currency, as well as the argument that reserve curr

Visiting Senior Research Fellow

Shin Oya

Emerging Technology
China’s Geoeconomic Power at The Auto China 2026 Show: The Pursuit — and Limits — of “Autonomy” in the AI Vehicle Age

As China’s automotive industry rapidly expands its presence in global markets, the implications extend far beyond conventional ind

Senior Research Fellow

Kenichi Doi

Economic Security
Digital Currencies and Monetary Hegemony Part II of III: The Rise and Diffusion of Digital Currencies

Part I reviewed the history of the weaponization of finance and currency. It also explained the advantages of reserve currency sta

Visiting Senior Research Fellow

Shin Oya

Economic Security
Digital Currencies and Monetary Hegemony, Part I of III: Financial Weaponization and the Burden of Reserve Currency Status

The rise and diffusion of digital currencies are expected to transform global finance by diversifying payment systems and enabling

Visiting Senior Research Fellow

Shin Oya

Economic Security
Local Industrial Policy in China: The Source of Geoeconomic Power and the “Indispensability of Goods”

A key concept for understanding the expansion of China’s geoeconomic power is what could be called the “indispensability of goods.

Senior Research Fellow

Kenichi Doi

Politics and Economics
The 2026 Hungarian Parliamentary Elections: Opinion Polls, Seat Projections, and Potential Scenarios

With mere days remaining until the election, Hungary is attracting unprecedented international attention. In addition to the gover

Research Fellow

Yusuke Ishikawa

Diplomacy
The Geopolitics of Ports and Pipelines: The Case of The Strait of Hormuz -The Struggle Over Chokepoints-

By Yuki Goto, Visiting Research Fellow Approximately one month has passed since the United States and Israel launched military op

Diplomacy
U.S. LNG and Japan’s Sea Lanes: Towards Diversification and Stabilization of the Maritime Transportation Routes

By Yuki Goto, Visiting Research Fellow The second Trump administration has been promoting the export of U.S. energy resources, un

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