How relevant today is an alliance that was forged between a powerful United States and a weak Japan in the context of a cold war struggle with the Soviet Union? In what ways have the changes in the relative power positions of the two countries and the structural changes in the world economy created new challenges to the U.S.-Japan relationship and how are the two countries responding to those challenges? These are some of the important questions addressed by the eight Japanese and American authors of this volume. Their focus ranges from issues of military relations, trade and financial management, and shifting security perspectives to the roles of the mass media in the bilateral relationship. A truly binational effort, the book brings together the thinking of some of the best-trained younger political scientists to focus on the present and future of one of the most important bilateral relationships in the world.