Joshi, Yogesh, and Harsh V. Pant

Abstract
As the U.S.-led security order in Asia gradually comes under stress, regional powers such as India and Japan are formulating a strategic partnership to hedge against the vulnerabilities accruing out of the unfolding power transition in Asia. China’s unprecedented economic and military rise coupled with America’s perceived relative decline is drawing New Delhi and Tokyo into a strategic embrace. To insure their interests in this era of great power transition, New Delhi and Tokyo are keen to hedge against America’s possible failure in containing China’s growing assertiveness in Asia. This hedging strategy is evident in their growing strategic partnership which consists of a triple hedge: increasing bilateral defense partnership against fears of American retrenchment; economic engagement against an over-dependence on China; and a multilateral hedge against China’s growing influence in international and regional institutions. However, for Asia’s two prominent middle powers, transforming these nascent attempts into an effective strategic response to Asia’s current power transition would also require cooperation in the nuclear domain, an area where their policies continue to diverge.
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