Diplomacy Courtship, Japanese-Style

Takeshita offers cash and soothing words during a China tour

Peace and harmony -- and money -- were the watchwords in Beijing last week when Asia's economic superpower, Japan, came courting. Japanese Prime Minister Noboru Takeshita spent six days in China trying to make amends for a recent history of bilateral irritations by passing out generous loans, grants and credits. His trip was judged a solid success.

In all, Takeshita handed out $6 billion for 42 Chinese development projects over the six-year period from 1990 through 1995, almost doubling his country's aid to the mainland regime. In return, the Chinese government awarded Japan an investment-protection agreement that gives Japanese investors the...

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