From the Publisher: Jun 5 1989

With breaking news, TIME's correspondents often have only a few hours to report a story. But in many ways senior correspondent Edwin M. Reingold has been preparing for the better part of two decades for the Business section's special report this week on Japanese trade practices and growing protectionist sentiment in the U.S. A native of Philadelphia, Reingold has followed Japan's rising economic star ever since 1969, when he was first assigned to TIME's Tokyo bureau as bureau chief. Back then, he recalls, most of what he knew about Japan was "World War II propaganda."

What Reingold found instead was a...

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