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The leaders of Japan and Italy said Monday they will bolster their cooperation in security and defense, including their joint next-generation fighter jet development with Britain, as Tokyo ...
By 1972 Japan's surplus had climbed to US$5.1 billion, despite the reevaluation of the yen in 1971. The jump in prices of petroleum and other raw materials during 1973 plunged the balance of trade into deficit, and in 1974 the deficit reached US$6.6 billion. With strong export growth, however, this was reversed to a surplus of US$2.4 billion in ...
During the 19th century, Italy and Japan experienced similar historical periods, characterised by huge changes in their political and social structure. [8] Italy achieved national unity in 1861 during the period known as the Risorgimento, while Japan saw the end of the Bakufu system and the beginning in 1868 of a process of profound modernization along Western lines that came to be known as ...
Japan continued to cooperate closely with United States policy in these areas following Nakasone's term of office, although the political leadership scandals in Japan in the late 1980s (i.e. the Recruit scandal) made it difficult for newly elected President George H. W. Bush to establish the same kind of close personal ties that marked the ...
Japan's aid to the ASEAN countries totaled US$1.9 billion in Japanese fiscal year (FY) 1988 versus about US$333 million for the United States during U.S. FY 1988. [171] As of the late 1980s, Japan was the number one foreign investor in the ASEAN countries, with cumulative investment as of March 1989 of about US$14.5 billion, more than twice ...
In reciprocity to China's eased visa rules, Japan will remove some requirements for three-year multiple entry tourist visas for Chinese citizens and allow those on group visas to stay up to 30 ...
Japan–United States relations continued to evolve throughout the Cold War and into the 21st century, with periods of cooperation and occasional trade disputes. The two nations maintain strong economic ties, and Japan is a crucial ally of the United States in Asia.
Although the United States’ so-called trade problem was attributed to the country's own economic policies, the Reagan administration resorted to "Japan bashing" by raising complaints about unfair and illegal Japanese trade practices, which the administration believed contributed to the bilateral trade deficit with Japan. [35] In 1980s, the ...