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Trade with Japan

Has the Door Opened Wider?

The realities of Japanese-U.S. trade and investment relations are clouded by mistrust, misinformation, and myth. In what way is the Japanese economic system different, and is it to be emulated or challenged? The contributors, from both the United States and Japan, explore Japanese trade patterns, market structure and trade, financial markets, and industrial and trade policy. Offering analysis of the issues, Trade with Japan is a valuable resource for economists, policymakers, and the business community.

Table of Contents

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

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