461. The Article II Mandate: Forging a Stronger Economic Alliance between the United States and Japan
- Author:
- Matthew P. Goodman, Ann Listerud, and Daniel Remler
- Publication Date:
- 12-2018
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- The alliance between the United States and Japan has been a force for peace and prosperity around the world for nearly 60 years. Economics has been at the heart of the U.S.–Japan alliance from the outset: Article II of the Treaty of Mutual Cooperation and Security mandates that the two allies “seek to eliminate conflict in their international economic policies and … encourage economic collaboration between them.” Nowhere are U.S. and Japanese strategic interests more closely aligned than in the Indo-Pacific region. Both Washington and Tokyo seek to ensure regional security and stability, expand trade and other economic opportunities, and support universal democratic norms. The two countries have worked constructively together for many decades to shape regional economic rules and norms through institutions such as the Asian Development Bank and the Asia-Pacific Economic Cooperation (APEC) forum.
- Topic:
- International Cooperation, International Trade and Finance, Regionalism, and Economic Cooperation
- Political Geography:
- Japan, China, Asia, North America, and United States of America