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The reason is simple enough: they discovered that they did not understand the Japanese market and, in particular, the mentality and behavior of Japanese individuals.
FORBES: Japanese Savers and the JGB Market
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The Japanese, in particular, want this new group to become a forum to discuss exchange rates.
ECONOMIST: Next: AMU?
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For Japanese manufacturers in particular these are stressful times.
BBC: CES: The selling starts
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Japanese banks, in particular, have pulled out, along with German ones.
ECONOMIST: Signs of a crunch in America's markets for credit
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The Director-General commended deeply the Japanese national and municipal authorities, and in particular the Kyoto Committee for the 40th anniversary of the World Heritage Convention, for their exceptional commitment to heritage preservation and to the values enshrined in the Convention.
UNESCO: MEDIA SERVICES
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Will the experience of the FS-X debate lead to a more orderly and disciplined U.S. interagency process on future projects of a similar nature, in particular the systematic involvement of Commerce and the U.S. Trade Representative in negotiations over defense sales with the Japanese?
CENTERFORSECURITYPOLICY: The US-Japan FS-X Fighter Agreement: Assessing The Stakes