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...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!