Do men show affection to each other in your country/culture?

I've lived in the northeastern US my whole life and this region of the US is known for reserved behavior in public for the most part. But as I've grown older, hugs have become much more common between my family and friends Whether the recipient is straight or gay, male or female is irrelevant, although there's a better chance that the guys are going to just want a handshake or a very quick bro-hug.
 
Based upon personal experience of being born and living all my life in the U.S. and from what I've gathered second-hand about other cultures, you are correct about men (at least straight men) being less likely to display what could be considered affectionate behavior towards each other here.

Why this is so in a general sense I couldn't tell you for sure, other than I likely think it's part not wanting to be seen doing anything homoerotic or "feminine" and part the cultural history of this country that portray men as rugged and independent, which means not showing emotional vulnerability.

For myself, I've just never been a touchy-feely and huggy type of person and am very choosy with my affection, even towards females. My wife is one of the few I can let my guard down with and almost all affectionate embraces with other males have been limited to family members and a rare few friends that were either in dire emotional straits and needed a hug or having gone through a significant event together such as when I was in the military.

Maybe part of this being averse to touch is just me being me and the result of not being around or growing up with mega-affection and part of a holdover from some of the jobs and situations I've been in where not letting anyone get physically close or in your space was a matter of survival.

But either way, the fact anyone, regardless of gender, may not want to be more openly affectionate or have more physical contact with me is an advantage, not a lament.
I can't emphasize this enough!!!!! Our Fucking Society has Done this to Males!!! Society has made it unacceptable to show interest in another male, affection toward another male, and God forbid love toward another male without being called out, judged, ridiculed, ostracized, and shunned. That is why the men in this country are the way they are!!!! That Fucking Society!
 
In Canada it is very rare that I hug my guy and girl friends and I used to find it awkward to do so. I've been fortunate to live in different countries over the last 10 years and I can say that they differ quite a lot.
In Spain and Brazil, I got used to hugging all my guy friends as everyone hugs everyone.
In the UK, I had a really good buddy who hugs his close friends, and another buddy who platonically kisses his guy friends in the cheek in addition to a hug.
What I found odd was Hungary... guy friends don't hug each other but kiss each other in both cheeks. It is quite awkward (and I still find it awkward to this day). On the other hand, they do find it awkward when I hug them.