Publication

This report explores the significance and state of US-Japan economic ties, major issues in the relationship, and the possible options for managing the relationship. The author says that Japan and the United States are among the world’s largest economic powers. Together they account for over 30% of world domestic product (2010 estimate). This economic clout makes the United States and Japan powerful forces that affect each other’s economic conditions and the conditions of other countries. Economic conditions in the United States and Japan have a significant impact on the rest of the world. Furthermore, the US-Japan bilateral economic relationship itself can influence economic conditions in other countries.