The Pacific Rim: Why Clinton Is At Sea

While President Clinton was in Seattle hosting the first meeting of a chimerical Pacific trade bloc, America's most distinguished Japanologists were holding their own meeting in Santa Fe, N.M., on "Japan as a Techno-Economic Superpower." Sponsored by Los Alamos National Laboratory, the conference concluded that, despite Japan's current recession and the splintering of the Liberal Democratic Party, the country's fundamental nature as a state-led economy--and hence its chronic trade surplus--was essentially unchanged.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.