This study considers the current economic relationship between the United States and Japan. Bergsten and Noland (both Institute for International Economics) along with Japanese economist Ito (Hitosubashi U.) argue that Japan no longer poses a unique economic threat to the United States and that the U.S. should begin treating Japan like any other major economic power. Among the topics covered are the resurgence of the American economy, the decline of the Japanese economy, resolving disputes through the WTO, and international finance. c. Book News Inc.

Examining the 160 year relationship between America and Japan, this cutting edge collection considers the evolution of the relationship of these two nations which straddle the Pacific, from the first encounters in the 19th century to major international shifts in a post 9/11 world. It examines the emergence of Japan in the wake of the 1905 Russo-Japanese War and the development of U.S. policies toward East Asia at the turn of the century. It goes on to study the impact of World War One in Asia, the Washington Treaty System, the issue of Immigration Issue and the deterioration of US-Japan relations in the 1930s as Japan invaded Manchuria. It also reflects on the Pacific War and the Occupation of Japan, and the country’s postwar Resurgence, democratization and economic recovery, as well as the maturing and the challenges facing the US Japan relationship as it progresses into the 21st century. This is a key read for those interested in the history of this important relationship as well as for scholars of diplomatic history and international relations.

In this book, Aaron Forsberg presents an arresting account of Japan's postwar economic resurgence in a world polarized by the Cold War. His fresh interpretation highlights the many connections between Japan's economic revival and changes that occurred in the wider world during the 1950s. Drawing on a wealth of recently released American, British, and Japanese archival records, Forsberg demonstrates that American Cold War strategy and the U.S. commitment to liberal trade played a central role in promoting Japanese economic welfare and in forging the economic relationship between Japan and the United States. The price of economic opportunity and interdependence, however, was a strong undercurrent of mutual frustration, as patterns of conflict and compromise over trade, investment, and relations with China continued to characterize the postwar U.S.-Japanese relationship. Forsberg's emphasis on the dynamic interaction of Cold War strategy, the business environment, and Japanese development challenges "revisionist" interpretations of Japan's success. In exploring the complex origins of the U.S.-led international economy that has outlasted the Cold War, Forsberg refutes the claim that the U.S. government sacrificed American commercial interests in favor of its military partnership with Japan.

This volume reviews the past fifty years of the U.S.-Japan relationship and speculates about how it will evolve in the years to come.

The new edition of this comprehensive and user-friendly textbook provides a single volume resource for all those studying Japan's international relations.