'As in the Panchatantra tale of the cat and the monkeys, it is possible for the clever swing State to play off the two competing powers.'
Japan has the capital and needs to pull out of China, which has been its major destination. India, on the other hand, desperately needs capital especially for infrastructure, argues Rajeev Srinivasan.
'Both nations have a common problem: A rampaging, jingoistic and hostile China which is making substantial territorial claims. In the long run, Japan and India are going to be the victims of Chinese aggression -- so they might as well hang together to contain China,' argues Rajeev Srinivasan.
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