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Speaking on the East Asia Pulse podcast, Stanford political scientist Jean Oi, the director of the China Program at APARC, discusses the role of local governments in China’s economic landscape, the crisis they face as they are mired in massive debt, and the need for fiscal reform to address the inconsistencies in their responsibilities and revenue sources.

Stanford sociologist Kiyoteru Tsutsui, director of the Shorenstein Asia-Pacific Research Center and the Japan Program, explains the path to power of Japan’s first female prime minister and what her leadership means for the country's future.