International Perspectives: Japan and the United States in Pacific Rim Trade and Economic Cooperation
This paper examines the special role that must be assumed by both Japan and the United States in Asia-Pacific trade and cooperation. A regional grouping among the Pacific Asian countries no longer appears to be as unrealistic and undesirable as it did a few years back. A Japan-centered Asian trading block that excludes the U.S. and other non-Asian countries, however, should be discouraged. One of the most important challenges in the 1990s and beyond for both Japan and the United States as two Pacific economic powers is to find ways of preventing such a trading bloc from taking place.