Japan and the United States should revitalize their economic partnership by creating a new bilateral mechanism to ensure sustained growth, the American Chamber of Commerce in Japan said in a report Thursday.

"If the (world's) largest economy and the second-largest economy articulate a vision of economic integration and move toward that, it could have a positive impact on multilateral and global (free trade) talks," ACCJ President Charles Lake said at a news conference at the Foreign Correspondents' Club in Tokyo.

Lake said the mechanism should include Cabinet-level dialogue to address bilateral, regional and global issues confronting the two countries.