We present the first space VLBI observations of 3C 371, carried out at a fr
equency of 4.8 GHz. The combination of the high resolution provided by the
orbiting antenna Highly Advanced Laboratory for Communications and Astronom
y (HALCA) and the high sensitivity of the VLBA allows imaging of the jet of
3C 371 with an angular resolution of approximately 0.26 mas, which for thi
s relatively nearby source corresponds to similar to 0.4 h(-1) pc. Comparis
on between two epochs separated by 66 days reveals no apparent motions in t
he inner 7 mas jet structure above an upper limit of similar to 1.4 h(-1) c
. This value, the absence of detectable counterjet emission from the presum
ably symmetric jet, plus the presence of an extended double-lobe structure
are consistent with the knots in the jet being stationary features such as
standing shocks. The jet intensity declines with the angular distance from
the core as phi(-1.68). This is more gradual than that derived for 3C 120,
phi(-1.86), for which there is evidence for strong interactions between the
jet and ambient medium. This suggests that in 3C 371 there is a greater le
vel of in situ acceleration of electrons and amplification of magnetic fiel
d. We interpret sharp bends in the jet at sites of off-center knots as furt
her evidence for the interaction between the jet and external medium, which
may also be responsible for the generation of standing recollimation shock
s. These recollimation shocks may be responsible for the presumably station
ary components. The radio properties of 3C 371 are intermediate between tho
se of other radio galaxies with bright cores and those of BL Lacertae objec
ts.