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For the next five years, Japan's trade surplus grew explosively, to a peak of US$82.7 billion in 1986. This unprecedented trade surplus resulted from the moderate annual rise in exports and the drop in imports noted earlier. Underlying these trade developments was the weakness of the yen against other currencies, which enhanced export price ...
Italy–Japan relations are the bilateral relations between Italy and Japan. Bilateral relations between Japan and Italy formally began on 25 August 1866, but the first contacts between the two countries date back at least to the 16th century, when the first Japanese mission to Europe arrived in Rome in 1585 led by Itō Mancio .
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.
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. [172] 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 ...
Japan is a middle power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the Group of Seven. [1] Although it has renounced its right to declare war, the country maintains Self-Defense Forces that rank as one of the world's strongest militaries.
TOKYO (Reuters) -Japanese and Chinese trade ministers have agreed to establish a framework to discuss export controls, Japanese media reported on Wednesday, indicating steps on economic ...
The largest European suppliers to Japan were West Germany (US$11.5 billion), France (US$7.6 billion), and Britain (US$5.2 billion). Traditionally, West European countries had trade deficits with Japan, and this continued to be the case in 1988, despite the surge in Japan's imports from them after 1985.
The relative economic power of Japan and the United States was undergoing sweeping change, especially in the 1980s. [131] This change went well beyond the implications of the United States trade deficit with Japan, which had remained between US$40 billion and US$48 billion annually since the mid-1980s. [131]