region. We find that features of a country associated with more trade with either Japan or the United States also tend to be … associated with more DFI from Japan or the United States. U.S. economic relations with Japan and Western Europe provide an … important exception. Despite U.S. concern about its trade deficit with Japan, we find Japan to be much more open to the United …

realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve … a percentage point of GDP. Taken together, these results indicate that a realignment of global growth -- with Japan and …

in the US post-bubble period. But the US has worse fiscal and current account imbalances than Japan had at the same stage …

models. For example, switching $50 billion of sustained government spending from the United States to Japan would, in the … third year, improve the U.S. current account by $24 billion and worsen that of Japan by $20 billion. Induced changes in …

By 1981, Japan achieved both internal and external equilibrium; exports and imports roughly balanced at sixteen percent …

high, gains accrue to the EU and Japan from trade diversion if the substitutions elasticities of imports are high. Costs … regions, the US, China, EU, Japan and Rest of the World, and calibrated to a global 2009 micro consistent data set. The other … debated. In a US-China trade conflict, Europe and Japan would seem gainers from preferential access to US and Chinese markets …

Department) brought about a 1986 trade agreement in which the United States forced Japan to end the 'dumping' of semiconductors … 'affirmative action' for the industry in its efforts to sell more in Japan, but has been criticized as constituting 'export …