Word: miyazawa
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...trying to be conciliatory and quietly helpful, you might have thought that last weekend's bank-rescue agreement between Prime Minister KEIZO OBUCHI and the opposition would immediately encourage better relations with Washington. Wrong. Ever since an unproductive meeting between Treasury Secretary ROBERT RUBIN and Japanese Finance Minister KIICHI MIYAZAWA in San Francisco on Sept. 5, Miyazawa's office has dodged attempts to set further discussions with U.S. officials. And last Friday, on the eve of Obuchi's summit with BILL CLINTON, his chief Cabinet secretary abruptly canceled a meeting with U.S. Ambassador THOMAS FOLEY in Tokyo. The cancellation...
...trying to be conciliatory and quietly helpful, you might have thought that last weekend?s bank-rescue agreement between Prime Minister Keizo Obuchi and the opposition would immediately encourage better relations with Washington. Wrong. Ever since an unproductive meeting between Treasury Secretary Robert Rubin and Japanese finance minister Kiichi Miyazawa in San Francisco on Sept. 5, Miyazawa?s office has dodged attempts to set further discussions with U.S. officials. And last Friday, on the eve of Obuchi?s summit with Bill Clinton, his chief cabinet secretary abruptly canceled a meeting with U.S. Ambassador Thomas Foley in Tokyo. The cancellation...
...bureaucrats, that might not be wise. Consider the diplomat who was reassigned to Tokyo this year to direct one ministry's derivatives operations: he confessed to an economist friend in Washington before he left that he didn't have a clue how derivatives worked. As former Prime Minister Kiichi Miyazawa concluded last winter, "I fear we may not be quite ready for globalization...
...impossible" for the government to offer the kind of tax cuts that spur solid economic growth. "He will be able to offer a measure of confidence for the banking system," says the insider. "But we will not see economic growth for quite some time." Says former Prime Minister Kiichi Miyazawa, with characteristic understatement: "We will muddle through...
...trade insanity," said a senior Administration official. "That is, doing the same thing over and over again and expecting a different result." The meeting was the first of the biannual summits required under the trade agreement signed in Tokyo last summer by Clinton and former Prime Minister Kiichi Miyazawa. The pact aimed at trimming Japan's trade surplus with the U.S., which has jumped to a near record $60 billion. Last summer's agreement called for "objective criteria" for measuring progress, and the sticking point ever since has been each side's differing notion of what objective criteria...