1988 Reports

The United States and Japan: Competition and cooperation

Moore, James P.

As the two largest economies of the free world, the United States and Japan share the responsibility of facing and surmounting a number of formidable challenges. They must work together to reduce their foreign trade and financial imbalances and to encourage other countries to do likewise, without endangering world economic growth and stability. Ways must be found to resolve the prospects of the poorest countries of Africa and Asia. Japan and the United States must cooperate in providing generous and disinterested assistance to the developing countries of South East Asia and in supporting the further development of the region. They must work together to ensure stability in world capital and financial markets. The author believes these are the aims of the Bush agenda in its relationship with Japan.