Japan and the United States are committed to working together to promote and protect key emerging technologies — a deepening cooperation underpinned by growing competition between the U.S. and China.

“We intend to sharpen our innovative edge and strengthen our economic security,” reads a joint statement issued during the summit between Prime Minister Fumio Kishida and U.S. President Joe Biden in Washington on April 10.

How the tables have turned. During the height of trade wars between the U.S. and Japan in the 1980s, Tokyo’s industrial policy was a regular target of American criticism.