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Booming Japan Becomes Economic World Power
In Washington and Tokyo a hundred years after initial ties, Japan emerges as an economic heavyweight. Japan produced 17 million tons of steel in 1959, aims for 20 in 1962 and 38 by 1970, while last year saw a record 23 billion dollars in national income. The United States backs Japan through offshore contracts and market access, but internal fears of neutrality and leftist agitation threaten the U S Japan alliance as Japan seeks trade belts across Asia and beyond.
MENTIONED IN THIS ARTICLE
Pacific
America
Japan
Washington
Masaaki Shinmi
Eisenhower
France
Britain
Asia
U.s.japan