Japan experienced a recession in the 1990s and is trying to correct the problem through increased government spending. Nomoto said he believes the spending will eventually stimulate Japan's private sector and lead to better economic stability. Nomoto also said that Japan was slow to realize the importance of the new global economy created in part by U.S. technology. We are fully aware of what we need to know for this global economy. Maybe we noticed it too late.
Japan is a totally trade-dependent country.
Nomoto also stressed the importance of relations to the security of Asia. He said the potential for instability in countries like North Korea, Indonesia, Pakistan and India is very real. He said good relations between the United States and Japan help bring stability to the region. Our relationship is not only ours, but impacts the entire Pacific Rim and the world. Nomoto is one of 18 Japanese consulates in the United States.