Word: importancies
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Most striking, Reagan plans to eliminate entirely a clutch of programs, including loans by the Small Business Administration and the Export-Import Bank, subsidies to Amtrak and urban mass transportation, and general revenue- sharing grants to cities and counties. The fact that nearly all of these slashes have been well publicized in advance does not make them any less bold an attempt to carry out Reagan's philosophical objective of reducing the role of the Federal Government in American life. In part, the howl probably has been delayed rather than suppressed. Democrats, cowed by Reagan's 49-state electoral sweep...
...Japanese Ministry of International Trade and Industry can be tough. Ask any American businessman. In fact, ask any Japanese businessman. Taiji Satoh, 31, last year saw that gasoline in Singapore cost far less than it did in Japan, so he signed a contract to import 18,860 bbl. for his Lions Petroleum Co., which is based near Tokyo. But MITI had other ideas. The ministry had previously ruled that only crude oil, not gasoline, may enter Japan. Refining is done domestically. When word of Satoh's purchase got out, MITI Minister Keijiro Murata sent him an "advice" that bluntly warned...
...August speech, Malaysia's Mahathir noted that 84% of his nation's exports to Japan consisted of oil, wood, tin and other raw materials. Said he: "We cannot and will not remain merely hewers of wood and drawers of water." Japanese businessmen and farmers press for protection from imports just as hard as their counterparts in the U.S. Although Japan's tariffs are generally low, critics point out that the country has long maintained a maze of product standards, inspection procedures and testing requirements that effectively exclude many foreign goods. The government is sensitive to this charge, and since...
...roots of Japan's import phobia run deeper than its regulations. The Japanese are picky and often do not trust the quality of American products, much less Asian imports. Says Eric Hayden, an economist and a director of the Bank of America in Tokyo: "The Japanese are not going to take South Korean machine tools or Malaysian cars or Indonesian airplanes. Japan doesn't import that kind of stuff. The Japanese produce it, and better than any of these countries...
...step in and deal with specific problems." He displayed a reassuring grasp of details: when American officials cited the dialysis machine as an example of products being kept out of the Japanese market, Nakasone surprised those present by knowing all about the device and the obstacles to its import...