With the Nikkei index hitting the highest numbers, and Taylor Swift and Messi playing on the same day in Tokyo, much has been made about the resurgence of Japan to global prominence after a few “lost” decades. Is the sun really rising again in Japan, and if so, what does it mean for the US-Japan alliance and the increasingly wobbly international liberal order? This panel session assembles leading experts of Japan to address these questions, focusing on the areas of defense, trade, economic security, democracy, regional cooperation, and global governance.