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Japanese & American Economic Relations INTRODUCTION To outward appearances, ten

To outward appearances, tensions in JapaneseAmerican relations appear to have been trending steadily upward since the end of the American military occupation of Japan subsequent to the end of the Second World War. This research examines bilateral economic factors subsequent to 1950, as one means of assessing this thesis.

THE JAPANESEAMERICAN ECONOMIC RELATIONSHIP

The American international trade deficit (the largest in the world in the last years of the twentieth century), and the Japanese international trade surplus (also the largest in the world in the last years of the twentieth century) invite comparisons of the economic performance of the two countries.1Such comparisons become compelling, when it is considered that America's largest bilateral international trade deficit is with Japan, and that Japan's largest bilateral trade surplus is with the United States.2 This bilateral disparity in Japanese/Amer ican trade has developed without (1) Japan becoming America's

1Council of Economic Advisers, Economic Indicators, January 1990, 1; The Conference Board, International Economic Scorecard, September 1989, 2.

1 2 largest trading partner, and (2) in the absence of any significant petroleum trade between the two countries.3 One of the factors often emphasized in comparisons of the economic performance of Japan and the United States is productivity.4

Productivity data do not indicate that productivity in Japan is higher than that in the United States. In fact, labor productivity in the United States is approximately 20 percent higher than that in Japan (with output valued in constant prices and labor input measured in hours of work). What the data do indicate is that Japanese productivity is improving far more rapidly than is that in the United States. In this context, however, it must be recognized that, as Japanese pro ...

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Japanese & American Economic Relations INTRODUCTION To outward appearances, ten. (1969, December 31). In LotsofEssays.com. Retrieved 16:53, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1700397.html