Yen for stability: US official tells Tokyo what it wants to hear

Article Abstract:

Two events in Aug 1993 improved US-Japanese economic relations. Treasury Dept official Larry Summers conceded on Aug 20 the rising yen would be damaging to the international economy if it continued. On the same day, the Federal Reserve Bank of New York boosted the dollar by 4% against the yen. The two actions seemed to indicate that the Clinton administration had realized that the skyrocketing yen was not necessarily a benefit to the US. Clinton may now be more disposed to allow the new Japanese prime minister, Morihiro Hosokawa, to remove barriers to US imports gradually.

Prices and rates, Yen (Japan)

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Direct approach: Clinton uses G7 summit to woo Japanese consumers

Article Abstract:

Pres Clinton's speech at Waseda University in Tokyo, Japan, was a direct appeal to the the Japanese consumer, emphasizing the mutual benefits of opening Japanese markets to US companies. There are some signs that Japanese political parties are willing to reform the distribution system, and outside pressure to emphasize consumption over production continues. The US persists in pushing for multiple benchmarks to assess market access progress. Revitalization of the Uruguay Round of trade talks is another topic for the Group of Seven summit meeting.

Conferences, meetings and seminars, Clinton, Bill, International economic relations, Speeches, lectures and essays, Group of 7

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Staple of dispute: Tokyo hints at concessions on rice trade

Article Abstract:

US-Japanese trade negotiations in Geneva, Switzerland show little sign of progress. Japan, which has traditionally barred all imports of rice to maintain its self-sufficiency, may consider allowing rice to be imported but under a system of gradually falling tariffs known as tariffication. However, political opposition to any rice imports remains considerable in Japan. Telecommunications and public sector construction contracts also figure prominently in the negotiations.

International trade, Negotiation, mediation and arbitration, Rice

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