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ISBN: 089499042XИздательство: Books for Business
America's bilateral trade and economic relationship with Japan continues to be heavily influenced by the divergent economic performances that have prevailed in the two nations for most of the past decade. In 1999, strong consumption spurred by a robust U.S. economy, combined with a still halting economic recovery in Japan, helped generate a record U.S. trade deficit of $73.4 billion. With U.S. export growth flat in 1999, the increase in the deficit mirrored the $9 billion rise in U.S. imports from Japan in 1999. American imports from Japan in 1999 were a record $131 billion. As the world?s second largest economy, and the consumer of $57 billion in U.S. exports in 1999, Japan remains a huge market for American goods and services. Significant opportunities continue to emerge for American firms, particularly as Japanese companies seek to become more competitive and begin to look beyond established domestic business relationships to lower cost foreign suppliers. While the...