{ "id": "RS20400", "type": "CRS Report", "typeId": "REPORTS", "number": "RS20400", "active": false, "source": "EveryCRSReport.com", "versions": [ { "source": "EveryCRSReport.com", "id": 102638, "date": "2000-03-01", "retrieved": "2016-05-24T20:38:37.044941", "title": "The Rising U.S. Trade Deficit With Japan: Overview and Policy Options", "summary": "The U.S. merchandise trade deficit with Japan reached $73.9 billion in 1999. It is the largest\nbilateral\ndeficit with any U.S. trading partner. In addition to the growing deficit in goods trade (with almost\nall accounted for by trade in machinery and transportation equipment), the bilateral deficit in\ninvestment income also has become unusually large so large that it outweighs the U.S. surplus in\nservices trade with Japan. As a result, the bilateral current account deficit $75 billion in 1998 \nexceeds the merchandise trade deficit with Japan. Options for dealing with this deficit include letting\nmarket forces cope with it, raising the value of the yen, opening export markets in Japan, increasing\nU.S. investments in Japan, and reducing U.S. imports from Japan. This report will be updated\nperiodically.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/RS20400", "sha1": "cb0e0294f7bc72f7bb9cd95c73a347b5fe6253e0", "filename": "files/20000301_RS20400_cb0e0294f7bc72f7bb9cd95c73a347b5fe6253e0.pdf", "images": null }, { "format": "HTML", "filename": "files/20000301_RS20400_cb0e0294f7bc72f7bb9cd95c73a347b5fe6253e0.html" } ], "topics": [] } ], "topics": [ "Foreign Affairs", "Industry and Trade" ] }