Word: fukuda
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Dates: during 1970-1979
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...most immediate progress came on noneconomic issues. Japanese Premier Takeo Fukuda popped a surprise idea for an agreement among the Seven that would sever airline traffic with any nation encouraging or harboring terrorist hijackers. The proposal passed unanimously...
...Tokyo, Prime Minister Takeo Fukuda announced that he expected appreciation in Bonn for Japan's efforts to reduce its huge surpluses by restraining exports and prodding domestic activity to a 7% growth. Other Japanese policymakers, however, complained that Tokyo's labors will come to naught unless Washington helps out by controlling the dollar. "It will all be in vain if the U.S. does not cooperate," said Economic Planning Agency Director Kiichi Miyazawa. "The fact that our surpluses continue to increase despite our efforts is due mainly to U.S. foot-dragging on her energy problem and inflation." (Another cause...
...lagging growth and raging prices, the fabled Japanese economy is at last on the road to recovery. Production, discounted for inflation, rose 2.4% in the first quarter, or at an annual rate of 9.8%. That pace is expected to slow considerably later in the year. Still, Prime Minister Takeo Fukuda now insists that the government's ambitious 7% growth goal for this year "appears within reach." At the same time, the rate of inflation has fallen from a 1974 high of 21% to a manageable 4%. Yet simultaneously, there is a slowly dawning consensus among Japanese leaders and businessmen...
...long argued, the surest way for Japan to reduce its trade surplus is to step up the expansion of its domestic economy. That would increase demand for imports as well as for domestic goods that might otherwise be exported. To this end, Prime Minister Fukuda has pledged his government to a huge deficit-spending program, which includes $22 billion for improving Japan's long neglected highways, bridges and pollution controls. Another $10.5 billion is being spent for 550,000 sorely needed new housing units. As a consequence, consumer spending is reviving, the once mountainous backlog of inventories is fast...
...most humiliating injury was suffered by Prime Minister Takeo Fukuda and his government. "I didn't sleep very well last night," admitted Fukuda after the disturbance. Irritated by the continuing demonstrations that have kept the completed airport idle since 1973-at a cost of $100,000 a day in maintenance and interest payments on construction loans -the Prime Minister had flatly declared that "Japan's prestige is at stake" and insisted that Narita would open for business in April. Now it could take months to repair the damage...