In This Review

Japan's Growing Power Over East Asia And The World Economy
Japan's Growing Power Over East Asia And The World Economy
By William R. Nester
St. Martin's, 1990, 282 pp
Destinies Shared: U.S.-Japanese Relations
Destinies Shared: U.S.-Japanese Relations
Edited by Paul Gordon Lauren and Raymond F. Wylie
Westview Press, 1989, 198 pp

These two volumes provide considerable background on the U.S.-Japanese relationship, where it stands today, and the alternative courses it might take in the critical years ahead. The tone of Destinies Shared, which is a collection of essays by specialists, is more optimistic than that of Nester. Both volumes suffer from the lack of a macroeconomic perspective and from the absence of a sufficiently detailed, up-to-date analysis of Japanese-U.S. economic relations.