U.S.-Japan Relations

Paper Summary:

In the fall of 1998, a front-page article in the Los Angeles Times called attention to Japan's failure to act seriously on promises to reform its financial system, reforms that would bring greater openness to the system. A time traveler from 1988 or from 1978 would hardly have been surprised to see an American newspaper article criticizing Japanese economic policy;

From the Paper:

"The Endless Circular Dance
Japanese-American Relations in the 1990s

In the fall of 1998, a front-page article in the Los Angeles Times called attention to Japan's failure to act seriously on promises to reform its financial system, reforms that would bring greater openness to the system. A time traveler from 1988 or from 1978 would hardly have been surprised to see an American newspaper article criticizing Japanese economic policy; such criticisms have long been a staple both of American news reportage about Japan and of American official statements. The time traveler might have been surprised only that the criticism involved Japan's banks rather than its industrial firms and export-import policy, and indeed might have jumped to the ..."

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