Case analysis

JAPAN CURRENCY PROBLEM

The notion that expansion through military conquest would solve Japan's economic problems gained currency during the Great Depression of the 1930s. It was argued that the rapid growth of Japan's populationwhich stood at close to 65 million in 1930necessitated large food imports. To sustain such imports, Japan had to be able to export.

Read the case, analyze and answer the questions given below

1.Japan is more important to the United States. How do you explain this relationship?