Dynamic economic growth in Asia coupled with Japan’s rise as an economic superpower, the waning of American global dominance, and the demise of the Soviet Union have altered the foundations upon which Japan-US ties stood in the cold war era. Although the two nations continue to share many common goals, economic disputes, the lack of strong political leadership in Japan, and the possible resurgence of Japan as a military power threaten the future stability of the region.
This book stresses the importance of the Asian region to the United States. It examines major issues facing the United States and Japan, such as the latter’s closed markets, huge trade surplus, and dependence on the United States for military security. It also addresses the possibility of future conflict between the two nations and probes the effects on their relationship of the dynamic changes that are taking place elsewhere in Asia, such as the growing might of China. It calls for developing multinational economic and security mechanisms for managing conflict, and suggests policies that the United States should pursue to promote stability and economic cooperation in the region.
The book was compiled as background reading for a program sponsored by the American Assembly, an institution affiliated with Columbia University that focuses on US policy. The program, held near New York City in 1993, was cosponsored by the Japan Center for International Exchange.