Contents

pp v-vi

Foreword by Richard R. West

pp vii-viii

Preface

pp ix-x

List of contributors

pp xi-xii

1 - Introduction

pp 1-8

Part I - Sources of trade friction

pp 9-10

2 - Restructuring the Japanese economy from a global perspective

pp 11-15

3 - Is the Japan problem over?

pp 16-44

4 - The Japanese–U.S. trade friction: some perspectives from the Japanese business community

pp 45-49

5 - Industrial policy in Japan: overview and evaluation

pp 50-86

Part II - Macroeconomic policy

pp 87-88

6 - The U.S. and Japanese economies in the remaining Reagan years

pp 89-99

7 - U.S. macroeconomic policy and trade relations with Japan

pp 100-109

8 - New financial aspects of the U.S.–Japanese trade relationship

pp 110-126

9 - Japanese–U.S. current accounts and exchange rates before and after the G5 agreement

pp 127-156

Part III - Trade policy

pp 157-158

10 - Costs and benefits to the United States of the 1985 steel import quota program

pp 159-183

11 - Limits of trade policy toward high technology industries: the case of semiconductors

pp 184-237

Index

pp 238-243