This document discusses student mobility trends between Japan and the United States. It notes that while the number of Japanese students studying abroad peaked in 2004/2005, the numbers have since declined. Similarly, the number of U.S. students studying in Japan peaked in 2009/2010 but has also fallen. Both countries have a goal to double mutual student exchange numbers by 2020 in order to strengthen cultural and economic ties. The document examines some of the challenges around student mobility such as financial costs, language barriers, and differing priorities of students and employers in each country.