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Edward Lincoln analyzes why, in spite of a decade of economic stagnation, deregulation and other aspects of systemic economic reform have proceeded so sluggishly in Japan.

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In this book, Edward J. Lincoln tackles the thorny issue of U.S. trade relations with Japan, the subject of so much tension in the 1990s. While Lincoln offers suggestions on what needs to be done by both sides, the most important lesson drawn from recent experience is that expectations should be lowered. Such realism--not to be confused with defeatism--is the only approach that has any chance of realizing gains over time.

Lincoln focuses on the question of access to Japanese markets, Japan's pattern of trade on imports, and the consequences of large trade and current-account imbalances.

Since 1980, Japan's international economic position has undergone a historic transformation that is now having significant consequences for Japan, the United States, Europe, and other countries around the world. In this book, Edward J. Lincoln analyzes the major economic changes that occurred in Japan during the 1980s, including macroeconomic shifts, financial deregulation, yen appreciation, rising labor costs brought on by long-term demograph...

Something new is happening across East Asia. A region notable for its lack of internal economic links is discussing regional cooperation on trade, investment, and exchange rates. The U.S. government must decide how to respond to these developments in East Asia.

Discusses the ways in which Japan has attempted to handle the problems caused its rapid economic growth and analyzes Japan's relations with the U.S.

Something new is happening across East Asia. A region notable for its lack of internal economic links is discussing regional cooperation on trade, investment, and exchange rates. The U.S. government must decide how to respond to these developments in East Asia.

In the two decades since the United States became the world's only superpower, policymakers in Washington have seemingly abandoned many tools of statecraft and instead now rely on U.S. military strength as the key-and sometimes the sole-element of its...

In the late 1980s, Japan's strong economic performance put it on a the verge of becoming a major player in regional and global affairs. But nearly a decade of economic stagnation, a mounting of bad debts, and a continuing stream of scandals have tarnished the country's distinctive economic model. At the turn of the millennium, the Japanese economy remained mired in a pattern of stagnation. As this disappointing condition dragged on, the govern...

In this book, Edward J. Lincoln tackles the thorny issue of U.S. trade relations with Japan, the subject of so much tension in the 1990s. In so doing, he builds on his earlier Brookings book, Japan's Unequal Trade.