Challenges to bilateralism: changing foes, capital flows, and complex forums / T.J. Pempel -- America in East Asia: power, markets, and grand strategy / G. John Ikenberry -- U.S.-Japan security relations, toward bilateralism plus? / Christopher W. Hughes and Akiko Fukushima -- Terms of engagement: the U.S.-Japan alliance and the rise of China / Mike M. Mochizuki -- American and Japanese strategies in Asia: dealing with ASEAN / Andrew MacIntyre -- Capital flows and financial markets in Asia: national, regional, or global? / Natasha Hamilton-Hart -- When strong ties fail: U.S.-Japanese manufacturing rivalry in Asia / Walter Hatch -- Japan's counterweight strategy: U.S.-Japanese manufacturing rivalry in Asia / Walter Hatch -- Japan's counterweight strategy: U.S.-Japan cooperation and competition in international finance / Saori N. Katada -- Japan and the evolution of regional financial arrangements in East Asia / Jennifer A. Amyx -- At play in the legal realm: the WTO and the changing nature of U.S.-Japan antidumping disputes / Saadia M. Pekkanen -- Japan, the United States, and multilateral institution-building in the Asia-Pacific: APEV and the ARF / Kuniko P. Ashizawa -- The United States and JApan in APEC's EVSL negotiations: regional multilateralism and trade / Ellis S. Krauss -- Conclusion: beyond bilateralism, toward divided dependence / Ellis S. Krauss and T.J. Pempel.