The growth of Asian economies and the end of the Cold War have radically changed the economic and security relationships that have bound the US and Japan since the end of World War II. The Japanese are building a dominant position in the Asia Pacific economy, while America is reducing its military presence and asking whether it can compete with Japan economically in the region. What should the new US policy in Asia be? What role will Japan take in regional security? And are the two countries' economic relations mutually beneficial, or will Japan's reduced need for US military protection put the two nations on a collision course?. This collection of essays by some of America's leading Asian experts offer answers to these important questions.