It is a pleasure for me to pen a brief foreword to this very special volume. As a participant in the 1986 conference on which it is based, I was able, firsthand, to hear renowned practitioners such as Haruo Mayekawa and Alan Greenspan, and a host of academic experts, expound on why both the United States and Japan must strive diligently, and in urgent terms, to take concrete action to cool the trade frictions that beset us. Their various views were perceptive and prescient then and they remain so today. If you possibly doubt this, simply begin turning the pages that follow. You will not be disappointed with what you read. Indeed, you will find it difficult to put down Beyond Trade Friction.