Japan continues to flood the world with exports of low price and high quality, earning itself the grudging admiration of competitors but also upsetting world markets and aggravating the U.S. balance of payments deficit. Indeed, a discussion of steps to ease the U.S.-Japanese trade imbalance will be high on the agenda when President Nixon and Premier Tanaka meet in Hawaii late this month. Westerners commonly believe that Japan has built its towering trade surplus because its workers are selflessly willing to toil for sweatshop wages. But TIME Tokyo Bureau Chief Herman Nickel...
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