U.S. diplomat says U.S.-Japan alliance will stay strong

I think Kevin's view is really correct.

“As a result of the failure of the Iraq war and the financial crisis, the era of U.S.-led globalism is coming to an end,” Hatoyama wrote last week in The New York Times.

And the Japanese economy did not have a financial crisis? Is that what is implied?

Iraqi war has not been a failure. Afghanistan has been. This dude does not seem to be with it. Therefore, nothing will change.

japan had a financial crisis in 1989 that's still going on