Recent criticism of the Clinton Administration's policies toward China, Japan and other East Asian countries has contended that the United States is exerting much less influence and is becoming marginal in determining developments in this economically vibrant and strategically important area. Although there are important costs to U.S. influence associated with disputes with Beijing, Tokyo and others, an assessment of the U.S.-Japanese-Chinese triangular relationship that currently dominates trends in the region shows that the United States is likely to continue its influential position in post Cold War East Asia.

Japan-U.S. relations are more uncertain and subject to greater strain today than at any time since World War II. Longstanding military allies and increasingly interdependent economic partners, Japan and the United States have worked closely together to build a strong, multifaceted relationship based on democratic values and interests in world stability and development. But Japan today is our foremost economic and technological competitor. It consistently runs the largest annual international trade surplus with the U.S. ($59 billion in 1993). The end of the Cold War, lackluster international economic conditions, and the focus on economic issues in U.S. politics have raised new questions about the appropriate U.S. policy toward this Asian ally.