Japan's changing oil and trade regimes vis-à-vis the U.S.
Document Type
Article
Publication Date
1-1-1984
Abstract
The recent history and data on oil shipments to the two largest importers are analyzed and although both came to depend heavily on foreign petroleum, the trade regimes, commercial uses, and policies surrounding the U.S. and Japan were substantially different. Regression analyses show that imports were highly correlated with refining capacity in the U.S., but that such models were not valid with respect to Japanese oil flows. The oil trade for each country was to diverge further following the Arab oil embargo with Japan's policy responses focusing on conservation, containing inflation, and maintaining export markets. Structural adjustments were also promoted through capital investments in the newer, energy-efficient technologies. In addition, Japan came to rely less on the multinational oil companies for imports, and her exporting competitiveness provoked protectionist measures abroad. © 1984.
Publication Title
Energy
First Page Number
645
Last Page Number
650
DOI
10.1016/0360-5442(84)90093-8
Recommended Citation
Hiraoka, Leslie S., "Japan's changing oil and trade regimes vis-à-vis the U.S." (1984). Kean Publications. 2861.
https://digitalcommons.kean.edu/keanpublications/2861