In 1981, the Atlantic Council's Energy Policy Committee, in collaboration with the Japanese Committee for Energy Policy Promotion and the Japanese Institute of Energy Economics, published a joint policy paper entitled 'U.S.-Japan Energy Relationships in the 1980s.' The paper consisted of U.S. and Japanese views on bilateral energy relations, together with a series of joint policy recommendations addressing the security of energy supplies, the need for more efficient use of energy, and the benefits to be derived from closer U.S.-Japan collaboration in these matters. Since this report was released, a dozen meetings between the relevant parties have taken place. This volume represents the joint conclusions of the most recent plenary session held in November of 1987. Co-published with the Atlantic Council of the United States.