Partners in Asia and the World
J. THOMAS SCHIEFFER
U.S. Ambassador to Japan
Today, the three largest economies in the world are intertwined in Asia, and 55% of the world’s population lives in Asia. The six largest militaries in the world touch in Asia. The great issues of our day—terrorism, non-proliferation, poverty, energy and the environment—are paramount in Asia. More than ever before, Asians are pursuing the universal values of freedom, democracy and free markets as the pathways to Asia’s future peace and prosperity. By any measure, Asia is on the rise, and the U.S. and Japan—individually and together as allies—have crucial roles to play in Asia’s future.
The U.S. and Japan have the two largest markets in the world. What each of us does and says has far-reaching consequences. What we say and do together, however, can really be profound. Representing 40% of the world’s gross domestic product, we can coordinate our economic efforts so that both our citizens and the world will benefit. I see tremendous opportunities for further cooperation in the future. Japan is back, enjoying its longest expansion in postwar history. The negative impact of the late-80s “bubble” that struck the economy in the early 1990s has largely been overcome. With a renewed commitment to reforms, domestic demand could begin to serve as a strong driver of growth. If this occurs, it will guarantee the sustainability of Japan’s recovery and contribute substantially to global prosperity.
This year Japan will play a particularly important leadership role as the chair of the G-7 and the G-8. These forums will provide an excellent opportunity for Japan to showcase its leadership abilities on a global scale. We look forward to working together closely to ensure that these meetings deliver robust, positive results.
Over the years, the global partnership we have developed with Japan reflects the closeness of our relationship and the common values we share. Our joint efforts run the gamut of issues facing the world today. The U.S.-Japan partnership holds tremendous potential for delivering positive results in Asia and around the world. The power and prosperity of the U.S. and Japan can advance the kinds of policies and measures, both bilaterally and globally, that Asia and the world need to meet the challenges of a new era. Let us resolve to work together for the prosperous, peaceful world we all want for our children and grandchildren.