Yeutter Institute of International Trade and Finance


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U.S. government work.


I am grateful to the Shimoda Conference for inviting me to address the issue of U.S.-Japanese trade. This is an important event, coming at a time when trade between our two countries is playing a more significant role in our overall relations than ever before. In some ways , individual trade issues are threatening to overshadow our long relationship as friends and allies. This must not be allowed to happen. Japan and the united States have too much at stake to let transitory problems come between us. We are the world's two largest free economies. We work together effectively to maintain peace and stability in Asia. The rest of the globe depends upon us to carry out our duties as world leaders in a responsible manner.