Jim O'Conner - Japan

Dennis R Redmond dredmond at OREGON.UOREGON.EDU
Wed Nov 11 13:30:03 PST 1998


On Wed, 11 Nov 1998, Henry C.K. Liu wrote:


> economic order. Tokyo has no desire to become another London after the
> Big Bang and Asia does not want to become like Latin America.
> The sooner American policy makers accept and deal with this serious
> communication and conceptual gap, the sooner the dialogue will be on
> track for real solutions.

OK, but then why are the Japanese not acting like the superpower they indeed are? They've certainly got the cash and connections to rescue themselves, not to mention Asia. Why doesn't Japan just set up its own Pacific Development Bank or something and tell the US and IMF to go to hell? Japan doesn't need US capital, but the US sure as heck needs Japanese capital, right? Or is it just that Japan is just beginning to figure out that they (along with the EU) won the Cold War?

-- Dennis



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