Loss of patience

Article Abstract:

US Pres George Bush announced onJun 2, 1992 his intention to renew China's most favored nation (MFN) trading status for one more year without conditions. However, the US Congress wants to attach conditions to the MFN renewal to force China into acting on issues such as trade practices, arms control and human rights. With Democratic legislators impatient over China's response to focused pressure on these issues, Bush's policy on MFN for China without conditions may have lesser congressional support. Democrats have been previously supportive of unconditional MFN for China.

United States, China, Analysis, Laws, regulations and rules, International trade, Chinese foreign relations, United States foreign relations, International trade regulation, Most favored nation clauses

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Mr Yen moves up

Article Abstract:

Eisuke Sakakibara has been appointed Japanese vice-minister for international affairs, a post which allows him to influence Japanese policies relating to international finance. He was born in Japan but studied at a US high school, gaining a PhD from Michigan University. He argues that Japan should be conscious of the country's impact on international markets. He was involved in intervention to support the US dollar from 1995, and he is in touch with fund managers and traders to maintain links with the market.

Officials and employees, Japan, Economic policy, Japan. Ministry of Finance

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