Cabinet shake-up responds to American anger over trade
Complaints that Japan is flooding world markets with cheap exports are hardly new, but never have they been as vehement as this year. With good reason: partly because Japan's home economythe third biggest in the world, after the U.S. and the Soviet Unionhas shown little growth, its industrialists have launched a spectacularly successful export drive. Despite a rapid climb in the value of the yen, which should raise the price of Japanese goods in world markets, the nation's surplus of exports over imports is heading toward...
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