This is the first comprehensive analysis of the ways in which changes in the geopolitical context have altered the nature of the long-stable U.S.-Japan relationship: much of what had once been a bilateral and relatively exclusive relationship has been transformed in the past two decades. The authors present eleven case studies of important domains--ranging from increased flows of private capital to international security concerns to the growing importance of multilateral organizations--in which the relationship has been altered to a greater or lesser degree. Individual chapters present new ways of understanding international financial flows, U.S.-Japan trade relations, and U.S.-Japan manufacturing rivalry. Others present very cogent synthetic analyses of the changing context of U.S.-Japan relations. Together they provide an account of the bilateral, regional, and global institutions--political, military, and financial--that dominate the geopolitics of U.S.-Asia relations. Although written to a consistently high intellectual level, the chapters in this timely volume are intended for a nonspecialist audience and will be useful to practitioners in business and government, as well as to students and teachers.