The United States and Japan

Increased opportunities for political and economic cooperation between the United States and Japan led to the initiation of this bilateral policy planning report. A committee of six, co-chaired by Ambassador U. Alexis Johnson and Ambassador Yoshio Okawara, and including General Andrew J. Goodpaster, Takeshi Hosomi, Kiichi Saeki, and Paul A. Volcker, commissioned research on economic and politico-security relations and conducted extensive consultations with a wide range of U.S. and Japanese policy-makers and private sector leaders. The principal conclusion is that a worldwide process of economic integration has established an interdependent relationship between the U.S. economy, the Japanese economy, and the world economy. Neither Japan nor the United States alone can continue to prosper unless both prosper, nor can the industrialized nations prosper unless both prosper and economic growth is widely shared and sustained in the developing world as well. Co-published with The Atlantic Council of the United States