As Japan's irrepressible economy makes its
power felt around the world, the U.S. is both cooperating and colliding
with it. U.S. industrialists who suffer the sting of foreign
competitionin textiles, steel, electronicsview Japan as the chief
villain. On the other hand, many businessmen look yearningly toward
Japan as an enormous market for American goods. Last week two
significant developments took place that will strain relations in one
area of business and possibly smooth them in another.
Textiles. Commerce Secretary Maurice Stans reported on his mission to
goad Asian trading partners, chiefly Japan,...
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