Word: hosokawa
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Dates: during 1990-1999
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...really no surprise that last week's meeting between Bill Clinton and Japanese Prime Minister Morihiro Hosokawa ended with sour expressions -- for % eight months the two nations have failed to agree on how to measure progress in Japan's efforts to open its markets. But given the tradition of smoothing over differences at the close of most summits, the unvarnished frankness at the final bow of this one was something new. At a joint press appearance, with Hosokawa at his side, Clinton let loose. Japan's markets "still remain less open to imports than any other" major nation...
...billion this year and impose a new 7% "national welfare" sales tax in 1997. The changes were part of a $138 billion package to fire up the economy and satisfy Washington's demands for a strong boost to consumer spending. The Social Democrats rebelled at the new tax, which Hosokawa had adopted under pressure from the tightfisted Ministry of Finance, and forced the Prime Minister to abandon the plan. The fiasco brought his government close to collapse and gave Hosokawa a good excuse to ask Washington's indulgence when he meets Clinton...
...open markets. Tokyo never liked that agreement, and has argued hard that Clinton's idea amounts to guaranteeing the success of American products in Japan. In the past there was considerable popular support in Japan for U.S. trade arguments, but there is none for objective criteria, not even by Hosokawa...
...Hosokawa as Survivor
Will Clinton get tough with a precarious Hosokawa...