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Economic Commentary

Are the Japanese to Blame for Our Trade Deficit?

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Amid charges and countercharges of unfair competition and trade restrictions attending the recent U.S.-Japanese trade dispute, many commentators have lost sight of important variations in these nations’ saving and investment behavior. These differences ultimately sustain the large, persistent, mirror-image trade imbalances of both countries.

06.15.1994EC 6/15/1994

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Humpage, Owen F. 1994. “Are the Japanese to Blame for Our Trade Deficit?” Federal Reserve Bank of Cleveland, Economic Commentary 6/15/1994.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International