In contrast to the 1960s, a time of prosperity, the 1970s were the “Crisis Years.” It looked as if the Nixon Shocks and the Oil Crisis would rob Japan of the conditions for its prosperity. However, Japan overcame these crises and further strengthened its foundations to become an economic power. In addition, as détente gave way to a rise in tensions in the Cold War, Japan would cooperate with the west as an important player. Yet, despite being well off domestically, Japan’s political situation was unstable and no answer to how Japan should undertake its diplomacy as an economic power was found before the conclusion of the decade.