The challenges before industrialized countries

Nagatomi, Yuichiro

"The surroundings of U.S.-Japan relations transform every decade. This is so clear that there is
little need to look back on the forties, the fifties and the sixties. The time around 1970 when I
was serving as the First Secretary and Financial Attaché of the Embassy of Japan in the United
States marked a transitional period in U.S.-Japan relations. Okinawa was returned, economic
friction was gearing up, America suspended the exchange of dollars for gold. Later, the
advanced countries floated their currencies, and U.S.-Japan economic friction became even
more intense."

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Center on Japanese Economy and Business
Center on Japanese Economy and Business, Graduate School of Business, Columbia University
Center on Japanese Economy and Business Occasional Papers, 37
Published Here
February 16, 2011