In NBR Analysis vol. 1, no 2
The Future of Japanese-American Relations
Seeking a New Balance
The issues of unbalanced trade, Japanese investment in America, technological nationalism, and Japan’s financial power (both as the main source of long-term capital on earth today and as the financier of the U.S. fiscal and trade deficits), and the growing possiblity of crisis in the American economy are not isolable from but an integral part of the broader changes transforming the most basic structures of international relations.
The challenge of a changing security environment in Northeast Asia is no longer seperable from teh anachronisms that characterize the overall Japanese-American relationship. If the United States cannot correct the U.S.-Japan economic imbalance, then the larger partnership between the two countries cannot survive. The issues of unbalanced trade, Japanese investment in America, technological nationalism, and Japan’s financial power (both as the main source of long-term capital on earth today and as the financier of the U.S. fiscal and trade deficits), and the growing possiblity of crisis in the American economy are not isolable from but an integral part of the broader changes transforming the most basic structures of international relations.