Soviet Union was a bigger threat militarily in 1950’s, so US wants decent ally in Asia to offset the Soviet military threat.
Japan was a strong source of cheap labor for manufacturing to US consumers in 1960’s, so US benefited from cheaper Japanese labor costs.
This changed when Japan was a bigger threat economically in 1980’s, so US enacted huge tariffs and protectionist measures on Japan, negotiating the “Plaza Accords” which forced Japan to revaluate the Yen and precipated multi-lost decades of stagnant growth in Japan.
So the lesson is, good to be friend of US when there is a bigger enemy, just don’t be a threat yourself to US. China is experiencing the exact same thing now.
Latest Answers