1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS20400Updated March 1, 2000The Rising U.S. Trade Deficit With Japan:Overview and Policy Options(name redacted)Specialist in Industry and TradeForeign Affairs, Defense, and Trade Divis
2、ionSummaryThe U.S. merchandise trade deficit with Japan reached $73.9 billion in 1999. It isthe largest bilateral deficit with any U.S. trading partner. In addition to the growingdeficit in goods trade (with almost all accounted for by trade in machinery andtransportation equipment), the bilateral d
3、eficit in investment income also has becomeunusually large so large that it outweighs the U.S. surplus in services trade withJapan. As a result, the bilateral current account deficit $75 billion in 1998 exceedsthe merchandise trade deficit with Japan. Options for dealing with this deficit includelet
4、ting market forces cope with it, raising the value of the yen, opening export marketsin Japan, increasing U.S. investments in Japan, and reducing U.S. imports from Japan.This report will be updated periodically.Trade in GoodsThe U.S. trade deficit in goods (merchandise) with Japan rose to $73.9 bill
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