Word: kantor
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...Tokyo an official of the Ministry of International Trade and Industry reported after the deal was struck, "They're so happy that they're giddy over there" -- over there meaning in the office of Prime Minister Tomiichi Murayama. And by transatlantic telephone Bill Clinton told U.S. Trade Representative Mickey Kantor, "Hey, Mick, congratulations. It sounds like you did great." It may not have been a cigar-on-the-veranda moment for the President, but he was clearly pleased. And, maybe more to the point, relieved...
...insisted that "this agreement is a rejection of numerical targets" for Japanese purchases of American cars and parts. His boss, miti Minister Ryutaro Hashimoto, may have strengthened his already bright chances for becoming Japan's next Prime Minister: he was being hailed as a hero precisely for having got Kantor to drop a U.S. demand for such targets...
...facts tend to support the Japanese in this argument. The auto deal between the two governments contains no hard numbers. Kantor and Clinton have pointed to a few anyway: 1,000 more Japanese dealers selling American cars in five years; a prospective increase of $9 billion in three years-or roughly 50%-in sales of U.S.-made auto parts to Japanese buyers. These are American estimates of what will happen if Japanese carmakers carry out pledges they supposedly made "voluntarily" and which are additionally subject to changing business conditions. But Hashimoto has made it clear that the Tokyo government does...
...plenty. For one thing, this time it might really happen: the Clinton Administration swears it is dead serious about slapping penalty tariffs on Japanese luxury cars Wednesday. The announcement over the weekend that U.S. Trade Representative Mickey Kantor and his Japanese counterpart, Ryutaro Hashimoto, will meet Monday in Geneva may increase the prospects of an eleventh-hour deal to expand sales of U.S. auto parts to Japan and keep the penalties from being put into effect. But even that would not defuse the intensifying confrontation between Washington and Tokyo...
...launched a major investigation into charges by Kodak that Japan is using unfair trade practices to strangle its sales there. "It is critical that U.S. firms achieve full access to Japan's market, a market roughly comparable in size to that of the United States," Trade Representative Mickey Kantor said today. Kodak has exhaustively documented its allegations that Japanese film giant Fuji owns or controls most of the film distribution networks in Japan and has limited Kodak to a market share of less than 10 percent. "The irony here," saysTIME's William McWhirter, "is that while Kodak has a much...