Word: utsumi
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Dates: during 1989-1989
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Even before the figures came out, a Japanese official warned the U.S. against weakening the dollar as a trade-gap remedy. Makoto Utsumi, a senior executive in the Finance Ministry, declared that a further fall of the dollar against the yen would not close the trade gap because Japanese firms would lay off workers and take other steps to remain competitive. A cheaper dollar, said Utsumi, would simply "make America for sale...
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