making direct investments." American workers are now building Hondas; Japanese steel companies are selling ad- vanced cold strip mill technology to their U.S. counterparts.
Washington, Fukushima says, is using Japan as a scapegoat. With a growing deficit that absorbs two-thirds of all national savings, an over- valued dollar, a diminishing competitive edge in several key industries, and excessive borrowing from overseas, the United States is largely re- sponsible for its own economic woes....