Word: fukuda
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Dates: during 1970-1979
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...wants them to hold a briefing for reporters on the decision to cancel two breeder-reactor projects that Carter had mentioned to Senators Glenn, Ribicoff and Percy. "It might reassure [Japanese Premier Takeo] Fukuda and [West German Chancellor Helmut] Schmidt to understand that we are making distinctions between our own situation and theirs," Carter says...
...acquaintance will be renewed this week as Fukuda arrives in Washington. The timing of the talks-which are expected to be low-keyed and general-could hardly be more appropriate. The Administration is mildly worried about its accumulated trade deficit with Japan ($5.4 billion last year) and shares the concern of U.S. businessmen who feel they are unfairly frozen out of Japanese markets. Washington would like Fukuda's government to encourage "voluntary" reductions of exports to the U.S.-and to act on complaints about the dumping of underpriced goods in the U.S., notably autos, color televisions and other electronic...
Undue Concentration. For his part, Fukuda seeks Carter's assurance that the U.S. will maintain a strong military presence in the western Pacific. "Almost all Asian leaders," Fukuda told TIME Tokyo Bureau Chief William Stewart, "will be disturbed if the U.S. disrupts the basic tenor of its Asian policy. They have asked me to convey their concern." Fukuda is especially chary of "any disruption of the delicate balance offerees on the Korean peninsula. I plan to advise President Carter very strongly about this...
...Fukuda is aware of the need to make concessions. As he told Stewart, color-television sets, steel, automobiles and ships "account for a major portion of our export trade, so much so that we are advising [the manufacturers] to avoid undue concentration [on specific markets]." Fukuda also warned against restrictive measures like last week's recommendation by the U.S. International Trade Commission that tariffs on imported television sets be increased from 5% to 25% over the next two years (see ECONOMY & BUSINESS...
...Inevitably there is a tendency toward protectionism," he told TIME. "If this happens, the world will sink into a serious depression." As for the U.S. deficit, the Premier argued that "we must look at the trade balance for a longer period of time-say, over several years." Fukuda rejects widespread plaints that the yen is deliberately undervalued to encourage exports. "Since the yen was floated, there has been no intervention [to keep it from appreciating]. We leave the value of the yen strictly to market forces...