Word: tokyo
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Dates: during 1970-1979
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Mondale was back from Europe, Young from Africa. Vance was home from Geneva but getting set to fly to Paris. Blumenthal was in Tokyo. Bergland was packing for the Far East. Rosalynn was off on a seven-nation swing through Latin America. The President was delivering his most comprehensive speech on foreign affairs, entertaining an important leader from abroad and holding a press conference at which all but four questions focused on foreign policy...
Family Exercise. Treasury Secretary W. Michael Blumenthal, meanwhile, told the International Monetary Conference in Tokyo that the U.S. faces a "temporary" trade deficit of $23 billion this year because of last winter's high energy demands. Agriculture Secretary Bob Bergland, heading for the World Food Conference in Manila, will pledge the Carter Administration's support for increased world food reserves but urge various nations to do whatever they can to increase their own storage capacity. Rosalynn Carter, at the same time, undertakes an unusual exercise in the use of a President's family to deal with substantive...
Died. Saburo Eda, 69, a founder and former vice chairman of Japan's Socialist Party; of acute hepatitis; in Tokyo. Eda hoped that Japanese socialism would create an amalgam reflecting the Soviet Union's social-security system, Britain's parliamentary democracy and the U.S. standard of living. He urged his party to de-emphasize Marxian credos like class war and nationalization. But the party became increasingly radical and Eda left it last March, hoping to form his own more moderate group...
...Hard a Sell. The Japanese reaction was surprisingly positive. For months the Japanese, who are running a big trade balance in their favor, have been pressed by their Western trading partners to hold down their exports and import more foreign goods. Reported Yomiuri Shimbun, a Tokyo daily: "A realization has been deepening in the industry that Japan had gone too far in pushing sales...
...with some lapses, has supported since World War II. But the Europeans, as well as the Japanese, have been chipping away at that principle steadily-for example, by setting up deals that guarantee commodity prices for a number of developing countries. This bodes ill for the so-called Tokyo Round of international trade talks under way in Geneva, originally intended to be another breakthrough, like the Kennedy Round of the 1960s, in the elimination of trade barriers. But as the talks proceed, the world appears to be heading in a different direction...