The United States and Japan both have experienced similar crises over the years in field of economics and environmental safety. Japan experienced a financial crisis in the early 1990's and recently the March 11 earthquake that resulted with a tsunami and nuclear disaster. The U.S. experienced a rather similar financial crisis in 2008 and had the environmental toll of the oil spill disaster in 2010. How did the two governments manage these crises? Where they similar in the approach or were they different? Did we learn a lesson from these incidents so that we can prevent this kind of crisis in future? Do we need more close cooperation among the countries to manage the risk? These issues will be addressed and discussed in this symposium.