This report presents documentation of the status and trends in the driftnet fleet (Asian fishing vessels carrying large driftnet fishing gear), a summary of the industry and governmental plans for the near future, and an assessment of possible fleet adaptations to the moratorium from a political/economic perspective.

This report discusses issues regarding U.S.-Japan economic relations, since the economic condition of each nation can affect the world economy and a U.S.-Japan bilateral economic relationship could influence economic conditions in other countries. U.S. and Japanese leaders have several options on how to manage their relationship, including stronger reliance on the World Trade Organization; special bilateral negotiating frameworks and agreements; or a free trade agreement.

From Abstract: "The Oak Ridge National Laboratory (ORNL) Health Physics Research Reactor is to be attached to a hoist platform on a 1500-ft tower at the Nevada Test Site (NTS). The project is a continuation of the studies commenced in 1956 for evaluating the radiation doses of persons exposed to nuclear weapons, especially the residents of Hiroshima and Nagaski, Japan. Measurements will be made of the energy, angular, and spatial distributions of the radiation from the reactor."

The U.S. Federal Reserve reportedly has an arrangement with the Bank of Japan to provide emergency loans to Japanese banks operating overseas in exchange for U.S. Treasury securities. The collateralized loans would be extended on short notice for banks facing emergency liquidity needs. The purpose of the arrangement is to forestall the possible sale by Japanese banks of large amounts of U.S. Government securities (thereby raising U.S. interest rates) and to boost confidence in Japan's financial system. The loans would not risk U.S. taxpayers' funds. The Chairmen of both House and Senate Banking Committees have made statements about the arrangement, thus making it a matter oflegislative interest.

This report discusses the background of the G-20 (an international forum for discussing and coordinating economic policies) and some of the issues that it has addressed. It includes historic background on the work of the G-20, information about how the group operates, overviews of G-20 summits, major issues that the group is likely to address and the likely effectiveness of the G-20 in the near future.

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This report discusses trade relations between the U.S. and Japan. Commercial aspects of the United States-Japan alliance, in recent years, have begun to dominate the dialogue between the two nations. In particular, friction points have developed over chronic U.S. bilateral trade deficits with Japan, allegations of Japanese protectionism, and rapid incursions into U.S. markets by Japanese export products.