Contents

pp v-vi

Foreword by Richard R. West

pp vii-viii

Preface

pp ix-xi

List of contributors

pp xii-xiv

1 - Beyond trade friction: an overview

pp 1-20

Part I - Macroeconomic policy issues

pp 21-22

2 - Japan and the United States: the need to prosper together

pp 23-30

3 - Internationalization and restructuring of the Japanese economy

pp 31-40

4 - The limits of monetary coordination as exchange rate policy

pp 41-62

Part II - Commercial policy issues

pp 63-64

5 - A giant among Lilliputians: Japan's long-run trade problem

pp 65-74

6 - What do VERs do?

pp 75-92

7 - Domestic and international mergers: competition or cooperation?

pp 93-120

Part III - Financial integration issues

pp 121-122

8 - Competitive performance and strategic positioning in international financial services

pp 123-156

9 - Capital transfers from Japan to the United States: a means of avoiding trade friction

pp 157-176

10 - The efficiency of U.S. and Japanese stock markets

pp 177-196

Index

pp 197-201