Word: japanized
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...America and the world so mental about it? I was just in Japan, but when I first went there in February, the people who went to the fan events there were mainly people who went to American schools. This time it was an entirely Japanese audience. No one could really speak English, but they reacted in the same way as they have around the world. Even the distributor was saying, Japanese audiences don't react like this. And they were stunned by the whole thing...
...reminiscent of the seemingly endless wrangles in the late 1980s and early 1990s with Japan, which accounted for the bulk of the U.S. trade deficit in those days. The trade deficit with Japan never shrank much in dollar terms, but it became smaller as a share of GDP starting in the mid-1990s, and was eclipsed by the trade imbalance with China in 2000 (in September the U.S. trade deficit with Japan was $4.1 billion, compared to $22.1 billion with China). The issue was never resolved, but it ceased to seem so important. Could that happen with China...
...that much of today's U.S. trade deficit comes from U.S.-based corporations selling products at home that were partly or entirely made in China. As a result, the trade relationship with China has become far more ingrained in the economic fabric of the U.S. than that with Japan ever was. Some evidence: in the first nine months of 2009, the global economic slowdown cut the U.S. deficit with Japan 47% compared with the first nine months of 2008. The deficit with China dropped just...
...officials have pressed Japan to stick to the original agreement. President Barack Obama said during a visit to Tokyo last week the two sides should work "expeditiously" toward a resolution...
...Read "Obama in Japan: Public Solidarity Masks Tension...