Abstract
Foreign businesspeople have experienced difficulty in selling to or investing in the Japanese market. Often, they explain their frustration in terms of Japan's allegedly “closed” economy. This article explores why and how Japan's economy was closed and details efforts made in recent years to open it. It rejects the argument that Japan's culture is itself a nontariff barrier to trade and instead argues that Japanese government policy has been the main barrier. Underlying this analysis is a comparison of the Japanese capitalist developmental state and the American regulatory state.
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