Word: tradings
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Japanese point out, with some justification, that the trade deficit is as much the fault of America's bad habits as the result of Japan's economic policies. Says former Foreign Minister Saburo Okita: "The Americans should take a second look at themselves. Obviously they cannot go on with runaway spending forever." The U.S. borrowing-and-spending binge, which involves both Government and consumers, has boosted the tide of imports to the U.S. The Japanese also complain that the U.S. has leadership problems of its own. Washington has been sending out conflicting signals because trade policy is shaped and shared...
...fundamental problem in U.S.-Japanese relations is that the two countries have different concepts of how an economy should work. Americans and Europeans continually tell Tokyo that they want "fair" trade, which at its simplest means equal access to the market. The notion carries moral overtones that do not necessarily jibe with the Japanese view of the world. Kyoto University history professor Yuji Aida recently wrote that "the American predisposition to view things in simplistic black-and-white terms is antithetical to our mind-set. Whereas the U.S. was founded by a people convinced of a single, revealed truth, Japan...
Then what is the correct path? Since the two economies have become closely interwoven through joint ventures, investment and trade, the health of the total relationship has become far more important than one-upmanship by either country. As Aida writes, "The leitmotiv of Japan is not saints and villains engaged in mortal combat, but morally complicated human beings living together, confronting and battling one another from time to time, but ultimately yielding, compromising and coexisting in harmony." If Japan can extend that philosophy to its economic partners, relationships will thrive. In fact, the talk of Japanese internationalism is more than...
...bash or not to bash: that is the question. Whether 'tis nobler to suffer the slings and arrows of outrageous trade practices. Or to take arms against protectionist barriers. To punish, to avenge. Perchance to trigger a trade war. Ay, there's the rub that must give us pause...
...dilemma is as thorny as was Hamlet's: Should the U.S. adopt a tougher, more adversarial trade posture toward Japan? From Silicon Valley to Capitol Hill, many Americans long to retaliate against Japan for what they regard, with some justification, as one-sided trading practices. Yet the urge to lash out is tempered by a self-protective need to maintain harmonious economic and political relations with America's most vital Asian ally. The quandary has ; left the Bush Administration walking a fine line between heated cries to battle by congressional trade hawks and equally urgent calls for restraint by dedicated...