The challenges before industrialized countries

"The surroundings of U.S.-Japan relations transform every decade. This is so clear that there is little need to look back on the forties, the fifties and the sixties. The time around 1970 when I was serving as the First Secretary and Financial Attaché of the Embassy of Japan in the United States marked a transitional period in U.S.-Japan relations. Okinawa was returned, economic friction was gearing up, America suspended the exchange of dollars for gold. Later, the advanced countries floated their currencies, and U.S.-Japan economic friction became even more intense.