Just off the beach road facing the 1945 Beach landing sites.

An inscribed stone on top of a stone rock base with two inscribed brass plaques. 

This memorial commemorates the 40^th and 50^th Anniversaries of the battle where the survivors of the battle joined together in peace.

Wreaths are laid in honor of the lives lost in the Battle of Iwo Jima during the Reunion of Honor Ceremony on Iwo Jima annually.  The ceremony commemorates the sacrifices made by Japanese and American service members who fought in the Battle of Iwo Jima. The ceremony also celebrates the U.S.-Japan alliance.

From the National Park website:

Iwo Jima's Costs, Gains, and Legacies

In its 36 days of combat on Iwo Jima, the V Amphibious Corps killed approximately 22,000 Japanese soldiers and sailors. The cost was staggering. The assault units of the corps—Marines and organic Navy personnel—sustained 24,053 casualties, by far the highest single-action losses in Marine Corps history. Of these, a total of 6,140 died. Roughly one Marine or corpsman became a casualty for every three who landed on Iwo Jima.

According to a subsequent analysis by military historian Dr. Norman Cooper, "Nearly seven hundred Americans gave their lives for every square mile. For every plot of ground the size of a football field, an average of more than one American and five Japanese were killed and five Americans wounded."

The text on the stone reads: 

Reunion of Honor

On the 40th anniversary of the Battle of Iwo Jima, American and Japanese veterans met again on these same sands. This time in peace and friendship.

We commemorate our comrades, living and dead, who fought here with bravery and honor and we pray together that our sacrifices on Iwo Jima will always be remembered and never repeated. 

February 19, 1985

3rd, 4th, 5th Division
Associations: USMC 
and 
The Association of Iwo Jima

 The brass plaques below the stone are inscribed in Japanese and English.  The English reads:

WHERE WE ONCE MET IN WAR, WE NOW MEET IN PEACE

IN COMMEMORATION 

OF THE 50^TH ANNIVERSARY OF THE BATTLE OF IWO JIMA

THE SURVIVORS OF THE BATTLE HAVE JOINED TOGETHER

ONCE AGAIN TO REAFFIRM THEIR BONDS OF 

FRIENDSHIP WHICH OUR TWO COUNTRIES NOW ENJOY

MAY WE, THE SURVIVORS OF IWO JIMA, RESOLVE TO NEVER 

ALLOW THE WORLD TO FORGET THE SACRIFICES MADE TO 

ENSURE THE PEACE WE ENJOY TODAY

THE SURVIVORS OF IWO JIMA

MARCH 14, 1995