Despite all this talk of peace, something else, quite momentous and hardly noticed, is underway in the region. The real money in Northeast Asia is going elsewhere. While in the news sunshine prevails, in the shadows an already massive regional arms race is threatening to shift into overdrive.
Since the dawn of the 21st century, five of the six countries involved in the six-party talks have increased their military spending by 50% or more. The sixth, Japan, has maintained a steady, if sizeable military budget while nonetheless aspiring to keep pace. Every country in the region is now eagerly investing staggering amounts of money in new weapons systems and new offensive capabilities.
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