Word: miyazawa
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...three candidates will become Prime Minister, succeeding Yasuhiro Nakasone, 70, when he steps down later this month after five years in office. No, the speculation immediately centered on which of the three -- Party Secretary General Noboru Takeshita, former Foreign Minister Shintaro Abe or Finance Minister Kiichi Miyazawa -- will be the best power broker, dispensing promises among the various factions that make up the L.D.P. The winner needs a majority of the 445 L.D.P. members in the Diet. "I do not think there are any contentious issues dividing us," said Takeshita. "It will boil down to differences in style...
...Germany to expand its economy as a way to sop up more U.S. imports and, along with them, some of the red ink in the $170 billion U.S. foreign trade deficit. Japan was said to be ready to make a similar move, but before that, Japanese Finance Minister Kiichi Miyazawa suddenly flew to Washington for a private 2 1/2-hour chat with Baker. The only visible result of their efforts was a four-paragraph communique that affirmed the two countries' "willingness to cooperate on exchange-rate issues." Translation: the U.S. would not explicitly commit itself to propping up the drooping dollar...
...most significant new appointment was that of Kiichi Miyazawa as Finance Minister. Miyazawa, considered a possible successor to Nakasone, has been a biting critic of the Prime Minister's economic policies and has called repeatedly for increased government spending to stimulate the Japanese economy. Putting Miyazawa in the hot seat at the Finance Ministry may be Nakasone's way of forcing him to do more -- and speak less...
After last week's big win, Liberal Democratic factions huddled in round- the-clock meetings to begin preparing for the annual party convention in the fall. Takeshita, along with Foreign Minister Shintaro Abe, 62, and L.D.P. Executive Board Chairman Kiichi Miyazawa, 66 -- both prominent leaders of rival L.D.P. factions -- said that they would go along in principle with a brief extension of Nakasone's reign as party president, but objected to giving him a full, two-year third term. Confronted by the Prime Minister's impressive mandate at the polls, however, they may waver. Nakasone is a talented coalition builder...
...Japan have begun to realize that they can no longer take their relationship for granted. The American-Japanese dialogue has undergone an unsettling change. Tolerance has sometimes given way to impatience, accommodation to recrimination. Says former Foreign Minister Kiichi Miyazawa: "Since World War II, I have been able to talk with my friends from America on many issues, and most of the time we agree or agree to disagree. Now we are not even sure we are talking about the same thing...