Japan and Latin America.
An examination of Japan's present political, economic, and cultural relations with Latin America. Although Japan has not been as closely involved with Latin America as it has with Asia, North America, and Europe, the Japanese people through emigration have close links with the Latin American countries. Japan's interest in Latin America has increasingly turned to trade and investment. Japanese trade with Latin America is less than with Southeast Asia and North America, but Japanese investments in the region are greater than in any other major world area. Japan views Latin America as a potential market for Japanese heavy and chemical industries. Some of the Latin American countries are sufficiently industrialized so that the products of these industries constitute a significant part of their imports. The complementary character of Japanese and Latin American economic interests makes it likely that these countries will depend on each other even more heavily in the future. This study is the first of several RAND Memoranda on the relations of nonhemispheric countries with Latin America. 77 pp.