What is the debate about the US-Japan relations?

What was the appropriate relationship between the economic and security aspects of the bilateral relations? Some argued that they should be separated: the economic issues were bilateral while the security issues were regional and global in their implications; others insisted that unresolved economic issues, sooner or later, would affect the degree of trust necessary for a meaningful security relationship. Japan enters period of recession. – As the debate continued in the early 1990s, the economic picture changed. Japan entered a prolonged recession with growth rates dropping sharply, unemployment rising and a serious banking crisis developed because of the mountainous bad loans extended primarily based on over-inflated property values. US-Japan security ties remained strong amid the tensions and Japanese confidence in US commitment returned; clearly, the common security interests of the two Pacific powers could be separated from the chronic trade tensions between them; as the cold war international system took shape, Japanese leaders felt reasonably confident about their role in Asia and their relations with WDC.

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