Word: ryutaro
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Japan refused to back down. Trade Minister Ryutaro Hashimoto, who once called Kantor "even more aggressive than my wife when I come home drunk," promptly lodged a complaint with the World Trade Organization in Geneva demanding that the tariffs be thrown out. Not to be outdone, the U.S. plans to ask the organization to rule that Japan's entire method of conducting trade is unfair...
...Trade Representative Mickey Kantor met again with Japanese Trade Minister Ryutaro Hashimoto in a final effort to resolve adispute over the car and auto parts trade. The U.S. wants Japan to open its market to American automakers, but so far the talks, set to end today, have been fruitless. President Clinton says he will impose punitive tariffs on Japanese products if an agreement cannot be worked out. At issue is the Japanese refusal to extend the 1992 pact that called for Japanese automakers to commit to purchasing more American-made parts. Nearly 60 percent of America's record $66 billion...
Japan's trade minister unexpectedly announced travel plans for an 11th-hour trip to Washington to avert sanctions against his country that could be levied as early as Friday. Ryutaro Hashimoto's D.C.-bound mission, scheduled for tomorrow, could signal a breakthrough in talks. The two sides are currently in a hostile standoff over America's ever-expanding trade deficit with Tokyo...
...sales of foreign-made autos here. The Clinton Administration is demanding that Tokyo increase the number of dealerships for American cars in Japan and that producers buy more American auto parts. Secretary of Commerce Ron Brown, in a televised interview, said an overall agreement is "probably unlikely." Trade Minister Ryutaro Hashimoto agreed, saying that there were "many hurdles yet to be overcome . . . on both sides." The meeting wasn't a total bummer. Japan looks likely to lower barriers for American medical supplies and telecommunications equipment...
...RYUTARO HASHIMOTO...