Japan-US Trade
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There has been much publicity surrounding trade practices within Japan, particularly with regard to that nation's trade with the United States. Japan is one of the United States' major trading partners, and the various regulations and policies which the two countries pursue are critical to the long-term success of this relationship. Amid cries of protectionism and similar complaints, there has been increasing pressure on the Japanese to open their markets to American products and companies, while the Japanese assert that the technically inferior American products are simply not in demand in Japan. This research examines the current trade relationships that exist between the United States and Japan, and considers the opportunities for American companies seeking to do business in Japan.Because of the political overtones that this topic carries, extensive use will be made of research conducted by the government in support of American trade policies. The Department of State and the Department of Commerce both have significant research programs designed to assist American companies. In addition, strong use will be made of publications that focus on trade between the United States and Japan. The differences between the environment that American companies face and the environment in Japan can be significant. For example, while unions exist in both countries, unions in Japan do not represent entire industries, but workers at a single comp
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ement of supercomputers, semiconductors, construction, wood products, paper, medical products and pharmaceuticals, and computer procurement. In 1994, the United States announced that impediments to American market access for paper and wood products in Japan may warrant future identification of these sectors for action under the "Super 301" Executive Order. In 1994, the United States also initiated a Section 301 investigation of regulatory barriers in Japan's market for replacement (aftermarket) auto parts. Framework negotiations on autos and auto parts continue (Maggs 2A).
The governments of the United States and Japan recently announced a comprehensive financial services agreement under the United States-Japan Framework Agreement that will further open Japan's financial markets to foreign competition. The agreement will ensure that American financial institutions have the opportunity to compete more effectively in the Japanese financial market. The agreement opens the $1 trillion Japanese pension market to effective participation by foreign fund managers. The agreement also creates greater opportunities for foreign financial firms to participate in the $500 billion Japanese corporate securities market by permitting greater
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Some common words found in the essay are:
Commercial Guide, United States-Japan, War II, GATT Japanese, Development OECD, Japanese Government, Background Notes, American Japanese, Situation Japan's, United Japan, japanese government, country commercial guide, commercial guide, country commercial, united japan, united states-japan, american companies, department commerce, government procurement, foreign firms, japanese economy, foreign direct investment, background notes 9, commercial guide 63, united states-japan framework,
Approximate Word count = 4907
Approximate Pages = 20 (250 words per page)
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