What is Japan’s economic strategy to US?

Japan risked and gambled its importance to the U.S. global strategy into rapid reconstruction in the 1950’s– benefitting in particular from large U.S. military procurement requirements during the Korean War—and a sustained high rate of economic growth throughout the 1960’s. Under the sponsorship of the United States, Japan have joined international economic organizations like the GATT and OECD. They even found ways to pursue their economic objectives when they collided with the United States’ political interests, as reflected on their “separation of politics and economics” policy concerning the trade with China in the 1960’s. Come 1970’s Japanese leaders have modified their economic policies without formally revising, they gradually lowered tariffs and removed other trade barriers, they liberalized Japan’s financial system; And they relaxed rules governing direct foreign investments. These changes contributed to making Tokyo one of the world’s most important financial centers while transforming Japan into a more mature and industrial economy. These changes also helped precipitate a major growth in trade between and among the Asian countries and initiate a process of increasing intraregional economic interactions.

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