Regional and Multilateral Issues. The U.S. and Japan cooperate on a host of regional and international issues. Both countries have worked closely to promote peace and stability on the Korean Peninsula and democratic transition in Indonesia. The U.S. and Japan are the two largest economies in the world, comprising one-third of global output. U.S. firms dominate Japan's software market and have helped reshape Japan's distribution system.
Japan is the U.S.'s largest export market in the agriculture and commercial aircraft sectors.
The United States is working to increase market access in the telecommunications, auto and auto parts, and flat glass sectors in Japan by promoting deregulation and foreign direct investment and by pursuing sectoral negotiations. U.S.-Japan Common Agenda. The Common Agenda for Cooperation in Global Perspective was launched in 1993 by the leaders of Japan and the United States as a framework for bilateral cooperation, focusing the considerable resources and technical expertise of the world's two largest economies on global challenges. Under this Common Agenda, the U.S. and Japan are working together to meet global challenges in areas such as environmental protection, technology, development, including the role of women in development, public health, including children's vaccines, and narcotics demand reduction. This site is produced and maintained by the Public Affairs Section of the U.S. Embassy, Japan.