Car Imports/Exports, US-Japan: Some Really Startling Numbers

From an item whose headline was bound to attract my attention — as I am a fan of Stephen Roach (it’s “What is Stephen Roach smoking?” comes this paragraph, which — to me — was like mainlining caffeine:

We have spent decades trying to get Japan to open its markets. And to this day, only 5% of the cars sold in Japan are imports, as opposed to 52.9% in the USA. The Japanese say that their consumers don’t like imports, but in reality Japan is the master of non-tariff trade barriers.

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