Behind trade barriers as imposing as Mount Fuji, Japanese businessmen long held the flow of foreign consumer goods into their country to a trickle, while pumping ever more of their own products into world markets—particularly the U.S. Lately, because of American prodding and threats, Japan has been working to lower its more egregious barriers and increase its imports. The latest U.S. effort to speed that process was mounted last week by President Nixon himself. In Hawaii he met Japan's new Prime Minister, Kakuei Tanaka, for two days of summit talks, and a key subject was what to do about the...
TRADE: Bending Japan's Barriers
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