Relationships Between the U.S. & Japan

Significantly has also been created with the Japanese commitment to quality, and in its innovative management techniques, which include concepts including quality circles and just in time inventory control. Some of these concepts have been introduced to American companies. Whether or not these practices alone are responsible for ones accomplishment on the Japanese economy due to the fact Globe War II, they have undoubtedly been strong contributing factors.

In 1993, the Japanese economy, the world's second largest at over $4 trillion, posted its lowest calendar year GDP growth due to the fact 1974, unfavorable 0.2 percent for ones year. Output declined slightly in 1994, the first time since the early 1970s (Cahn 1).

Japan is now recovering from the second longest economic slowdown in Japan's postwar history. Just before the slowdown that started in 1991 and lasted via 1993, Japan had never experienced a couple of consecutive years of much less than Three percent genuine growth. The surge in asset costs and high rates of capital investment and hiring inside the late 1980's gave way, by 1991, to sharply slower growth, corporate restructuring, and balance sheet adjustment by companies and consumers. Incredibly low levels of utilization for existing ability suggest that business investment will be a lagging point in the current recovery (Cahn 1).

In recent years, the Japanese federal government has employed public spending to counter the overall unfavorable contribution of individual demand to domestic demand growth. Four fiscal stimulus packages in between August 1992 and February 1994 injected a significant quantity of public works spending into the economy, some of that is certainly still being disbursed in 1994 ("Background Notes" 9).

Government's Role during the Japanese Economy

Structural negotiations are ongoing under Framework areas including deregulation and competition policy, foreign direct investment, buyer-supplier relationships, and entry to technology. Inside the deregulation and competition policy discussions, the us has provided detailed suggestions, on areas ranging from telecommunications to retail policy, for reforms to become included in Japan's five-year deregulation plan. The goal from the framework's foreign direct investment and buyer-supplier talks is to enhance the market presence in Japan of United States as well as other foreign organizations by encouraging a more open and flexible investment regime. The us has made many specific recommendations to the Japanese government.

Japanese copyright protection for programming languages and algorithms is ambiguous. Pirated video sales remain a problem, whilst the Japanese police cooperate with the Motion Picture Association of The united states in targeting video pirates, under 1988 Japanese IPR legislation that facilitates prosecution. Japan has committed to enforce vigorously national treatment rights. A revised copyright law, which was passed in 1991 and took effect in January 1992, extends copyright protection to 30 years. Pre-1978 foreign recordings are now protected back to 1969; foreign recordings are provided with exclusive rights by cabinet order. Discussions by an advisory panel towards Japanese federal government over a proposal to relax legal restrictions against reverse engineering of software package and decompilation of personal computer programs took location in 1994.

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