Intended to be of use to economists, policymakers and the business community involved in Japan-US trade, this book explores Japanese trade patterns, market structure and trade, financial markets, and industrial and trade policy.

Preface Acknowledgments Introduction Paul Krugman 1: How Open Is Japan? Robert Z. Lawrence 2: Market Structure, Comparative Advantage, and Japanese Trade under the Strong Yen Peter A. Petri 3: Changing Japanese Trade Patterns and the East Asian NICs Yung Chul Park, Won-Am Park. 4: Price Behavior in Japanese and U.S. Manufacturing Richard C. Marston 5: Is the Japanese Distribution System Really Inefficient? Takatoshi Ito, Masayoshi Maruyama. 6: The Japanese Distribution System and Access to the Japanese Market Motoshige Itoh 7: The Japanese Financial System and the Cost of Capital David M. Meerschwam 8: Japanese Finance in the 1980s: A Survey Jeffrey A. Frankel 9: Industrial Policy in Japan: A Political Economy View Masahiro Okuno-Fujiwara 10: U.S.-Japan Trade Negotiations: Paradigms Lost Amelia Porges Contributors Author Index Subject Index