Word: okita
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Dates: during 1970-1979
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...Administration is particularly peeved about the help that the Japanese have been giving Iran. In Paris, Vance provided an earful of complaints to Japanese Foreign Minister Saburo Okita, who was in the city for a meeting of the International Energy Agency. A U.S. official charged that Tokyo has allowed Japanese banks to "go overboard" in helping Iran circumvent the financial problems caused by the assets freeze. In addition, he said, some Japanese trading companies have rushed "with unseemly haste" to buy 21 million bbl. of Iranian oil that had been destined for the U.S. before Carter halted oil imports from...
...coincidence, while the money deal was being made at the Smithsonian Institution in Washington, another conference was held at the Brookings Institution, half a mile away. There a group of twelve top economists -including Britain's Sir Alec Cairncross, Japan's Saburo Okita, and the U.S.'s Richard Cooper and C. Fred Bergsten-drafted a plan for a world monetary system that would accomplish precisely the goal that the Group of Ten rich nations agree is necessary but have done little to achieve. Central to the proposal is the creation of more IMF-managed reserves to replace...