The concern was about the superiority of Japanese technology and corporate structure; it's not xenophobic in the sense that they represent a corrupting force, it was concern for a potentially dominating force.
It's not unlike the British being concerned about the rise of the American Empire; it's not xenophobia so much as it is fear of losing.
It's not unlike the British being concerned about the rise of the American Empire; it's not xenophobia so much as it is fear of losing.