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Japan and the United States have been uncertain, and sometimes awkward, companions for the countries of Asia in the area of regional institution-building. This study focuses on the origins of these two key Asia-Pacific countries' companionship, whose actions still weigh consider…
Japan experienced a remarkable growth in international finance, through a series of liberalization measures in the 1980s. However, her position in the global financial system is still limited, as the reserve currency share of yen illustrates. Why does such a contrast exist? Hist…