Andrew Capistrano

Andrew Capistrano

Visiting Research Fellow


Andrew Capistrano is Director of Research at PTB Global Advisors, a Washington DC-based geopolitical risk consulting firm. Specializing in economic competition between the US/EU and China, he analyzes how trade, national security, and industrial policies impact markets, and his firm’s clients include Japanese corporations and government agencies. He previously worked in Tokyo at the US Embassy’s American Center Japan and as a research associate at the Rebuild Japan Initiative Foundation / Asia-Pacific Initiative.

Dr Capistrano holds a BA from the University of California, Berkeley; an MA in political science (international relations and political economy) from Waseda University; and a PhD in international history from the London School of Economics. His academic work focuses on the diplomatic history of East Asia from the mid-19th to the mid-20th centuries, applying game-theoretic concepts to show how China's economic treaties with the foreign powers created unique bargaining dynamics and cooperation problems. During his doctoral studies he was a research student affiliate at the Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD) in London.


Diplomatic history of East Asia / Economic competition / Game theory / International relations theory / International political economy / US-EU-China relations / Trade and industrial policy


“Japan’s Changing Defense Posture and Security Relations in East Asia” (co-authored with Shuhei Kurizaki). The Korean Journal of International Studies 14:1 (2016), 77-104.

International House of Japan

Asia Pacific Initiative