why did Japan's importance for America increased significantly)?
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The United States is the world's largest deficit and debtor country. Japan is the world's largest surplus and creditor country. ... Hence the course of economic relations between the United States and Japan plays a critical role in the world economy as well as a central role in overall relations between the two countries.
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Reasons why Japan was important for USA (America)
- Japan is one of the world's most successful democracies and largest economies.
- The U.S.-Japan Alliance is the cornerstone of U.S. security interests in Asia and is fundamental to regional stability and prosperity. ... 2020 marks the 60th anniversary of the signing of the U.S.-Japan Security Treaty.
- Japan has the world's third-largest economy, having achieved remarkable growth in the second half of the 20th Century after the devastation of the Second World War. Its role in the international community is considerable. It is a major aid donor, and a source of global capital and credit.
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