For car makers in Japan, time is of the essence

Article Abstract:

The US has threatened to impose $5.9 billion in new tariffs on Japanese luxury car exports which arrived after May 20, 1995 if an agreement fails to materialize on Jun. 28, 1995. Analysts believe that the trade sanctions will not adversely affect the profits of Japan's top five carmakers in the short-term. However, they warned that the sanctions could eventually hurt Japanese dealerships in the US, particularly those which specialize on cars such as the Lexus and the Infiniti.

Motor vehicles and car bodies, Automobiles, Automobile Manufacturing, Economic aspects, Automobile industry, Economic sanctions, Sanctions (International law)

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Hashimoto faces immediate concerns in his new post over economy, politics

Article Abstract:

Japanese Liberal Democratic Party Pres. Ryutaro Hashimoto consolidated his hold on the prime ministership by winning the support of the Diet during a special election held in Jan. 1996. Despite Hashimoto's victory, the ruling coalition's hold on the government remains tenuous. The Diet is expected to hold serious and heated debates on the government's plan to spend $6 billion in government funds to bail out seven financially-stricken housing-loan companies.

Political activity, Political aspects, Hashimoto, Ryutaro

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APEC leaders endorse reforms at home to ensure trade barrier removal by 2020

Article Abstract:

Government leaders from member countries of the Asia Pacific Economic Cooperation forum expressed their commitment to trade reform in their own countries to facilitate improved trade in the region. Chinese Pres. Jiang Zemin announced his country's plan to reduced tariffs by 30% while Japan pledged 10 billion yen to trade promotion projects.

Conferences, meetings and seminars, Reports, Economic policy, Asia, Commercial treaties, Trade agreements, Asia-Pacific Economic Cooperation

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