Japan in the Free World Economy: A Statement on National Policy by the Research and Policy Committee of the Committee for Economic Development

Japan in the Free World Economy: A Statement on National Policy by the Research and Policy Committee of the Committee for Economic Development

Japan in the Free World Economy: A Statement on National Policy by the Research and Policy Committee of the Committee for Economic Development

Japan in the Free World Economy: A Statement on National Policy by the Research and Policy Committee of the Committee for Economic Development

Excerpt

Japan is the second largest customer
for the exports of the United States.

. . . the largest customer for our farm exports.

. . . the most rapidly growing economy
in the world.

. . . the strongest industrial power in Asia,
and the only Asian country that has
developed a modern economy.

. . . a leading member of the community
of free nations, committed to
cooperative action to preserve peace
and independence.

As Americans, we naturally approach the question of economic relations with Japan from the standpoint of the American interest. But a realistic look at the question reveals that the American interest does not conflict with, or even differ from, the Japanese interest, or the European interest.

The United States wants to achieve as fully as possible the economic benefits to itself from the exchange of goods and capital with Japan. At the same time we have a strong interest in seeing Japan realize as fully as possible the potential benefits of international trade and capital movements.

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