Business: It May Bleed a Japanese Town to Death

THE SILVER KNIFE

A TOP customer of the U.S. is Japan. Last year it bought twice as much from the U.S. as it sold. To bridge the gap, Japan wants to boost its U.S. exports, which it favors far more than trading with Red China. But last week, as Congress began hearings on extension of the reciprocal-trade act (see NATIONAL AFFAIRS), prospects were that exports to the U.S. will be cut rather than raised. To plead their case, ten gentlemen from Japan called upon U.S. officials in Washington to tell them about what is happening to the little town of Tsu-bame—and thereby...