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February 17, 1994 | DAVID HOLLEY and PATRICK LEE, TIMES STAFF WRITERS
Hiroshi Soma, a professional jewelry appraiser with an avid interest in cars, had never remotely considered buying an automobile made in America. "It's legendary that they break down very easily," Soma said, ticking off a list of other common fears: low resale value, inability to get good service, lack of available dealerships. Lately, though he has yet to buy an American car, Soma has started to change his mind. "They are getting better every year," he said.
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BUSINESS
April 1, 2005 | From Associated Press
Accepting the punishment recommended by Japan's fair trade agency, Intel Corp. said Thursday that it would change some of its business practices that critics contended gave the chip maker an unfair advantage in the personal computer market. But the world's largest semiconductor company said it still disagreed with the accusations and questioned how Japan's Fair Trade Commission was applying the law.
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BUSINESS
September 1, 1989 | SAM JAMESON, Times Staff Writer
On the eve of today's meeting in Washington between President Bush and Prime Minister Toshiki Kaifu and just days before the start of talks on what the United States says are critically needed reforms in Japan's economic structure, Japan is sending out mixed signals on its willingness to resolve economic differences. An advisory group to the government's Economic Planning Agency on Wednesday backed an American demand that Japan reform its complicated distribution system.
BUSINESS
June 20, 2002 | Times Wire Services
Japan's trade surplus surged 715% in May from the same month last year--nearly double market forecasts--amid a sharp increase in exports of cars, computer chips and other high-tech products, mainly to Asia. The country's merchandise trade surplus--the measure of all goods exported minus those imported--totaled $4.99 billion, the Finance Ministry said.
BUSINESS
February 24, 1990 | SAM JAMESON, TIMES STAFF WRITER
Japanese officials told the United States on Friday to "put your house in order" and improve the competitiveness of American industry as a third round of talks aimed at dismantling impediments to U.S.-Japan trade closed on an acrimonious note. The officials told a U.S. trade delegation that "much more can be done" to reduce the U.S. budget deficit, a Foreign Ministry official said. S. Linn Williams, deputy U.S.
NEWS
January 15, 1988 | SAM JAMESON, Times Staff Writer
Japanese Prime Minister Noboru Takeshita on Thursday renewed his pledge to open his nation's markets to foreign goods and participation by American firms, but a key U.S. official signaled clear disappointment with the overture and warned of retaliation if concrete progress is not made on one disputed issue. U.S. Trade Representative Clayton K. Yeutter said that a proposal presented by Takeshita for improving U.S. construction firms' access to Japanese public works projects--a key issue in U.S.
BUSINESS
March 17, 1990 | SAM JAMESON, TIMES STAFF WRITER
Prime Minister Toshiki Kaifu's Cabinet on Friday completed an initial draft of reforms that President Bush has called crucial to maintaining U.S.-Japan trade relations, but leaders of the ruling Liberal Democratic Party rejected it as inadequate to meet American demands. Full details of the proposal were not revealed. But even before his party leaders turned it down, Kaifu told reporters that the draft should not be considered Japan's final position on the increasingly controversial trade issue.
CALIFORNIA | LOCAL
January 23, 1992
To Brett Richardson, North Hollywood (Letters, Jan. 16): Quit your (complaining about) the Japanese. Maybe if our government dropped the tariff on sugar and our price was the world price, my candy bars would be 5 cents again. MARY C. THOMAS Garden Grove
BUSINESS
July 1, 1991 | HAL FOSTER, TIMES STAFF WRITER
Tadaki (Tad) Endo knows that in these days of fierce global business competition you need any edge you can get. The owner of the L. T. Endo Co. import-export company in San Francisco has learned that a significant edge in serving his main customers--the Japanese--is an understanding of the Japanese mind. "When you're doing business with Japan, there are a lot of dos and don'ts ," said the native of Japan who is a naturalized American citizen.
BUSINESS
March 21, 2001 | Bloomberg News
Japan's trade surplus more than doubled in February as imports fell. Companies are buying fewer raw materials and parts from abroad as they curtail production to cope with slower sales at home and abroad. The surplus widened to $6.9 billion from $2.9 billion in January, seasonally adjusted, Ministry of Finance figures showed. Imports fell 5.1% from January. Although exports rose 6.9%, the volume of goods sold abroad fell 5.7% from a year ago, led by an 11% decline in exports to the U.S.
CALIFORNIA | LOCAL
April 25, 2002 | From Times Staff and Wire Reports
Eishiro Saito, 90, a former steel executive who helped ease tension between Japan and its trading partners in the 1980s, died Monday of heart failure at a Tokyo hospital. A native of the northwestern city of Niigata, Saito joined the predecessor of Mitsubishi Material Corp. in 1935 after graduating from Tokyo Imperial University. Saito represented Japanese business at 1989-1990 Japan-U.S. talks aimed at tackling problems seen at the root of the two countries' trade imbalance.
BUSINESS
November 22, 2001 | Reuters
Japan's customs-cleared trade surplus fell 32.9 % in October from a year earlier, the Ministry of Finance said Thursday, boding ill for an economy that looks like it is heading into a prolonged recession. The ministry said the October trade surplus shrank to $3.75 billion, in unadjusted terms, after falling 18.3% a month earlier, as the fallout from the Sept. 1 terrorist attacks in the United States and the downturn in the information technology sector dragged down exports.
BUSINESS
November 14, 2001 | Associated Press
A closely watched indicator of Japan's trade balance broke a nine-month losing streak to expand 10.8% in September. The nation's current account surplus--the difference between its income from foreign sources and payments on foreign obligations--rose to about $13.3 billion from $12 billion in the same month a year ago, the Finance Ministry said. The September figures came as a welcome surprise for Japan's export-oriented economy.
BUSINESS
October 15, 2001 | From Reuters
Japan's current account surplus shrank for the ninth straight month in August, government data showed today, underscoring concerns that a worldwide economic slowdown is pushing the groggy economy further down. The Ministry of Finance said the surplus, the broadest measure of trade in goods and services, fell 27.1% in August from a year earlier to $5.84 billion. Japan's trade surplus shrank 37.
BUSINESS
July 23, 2001 | From Associated Press
Japan's trade surplus with the world fell 36.1% in June from a year ago for the fifth straight month of year-on-year decline, the government said today. Japan's surplus with the United States also fell, declining 8.3% in June on a yearly basis to $4.77 billion, the ministry said. For the first six months of 2001, it declined 6.1% to $28.1 billion. The merchandise trade surplus--the measure of all goods exported minus those imported--came in at $6.19 billion, the Finance Ministry said.
BUSINESS
November 22, 1985 | NANCY YOSHIHARA, Times Staff Writer
Tired of what they describe as unfair U.S. press coverage of U.S.-Japan trade issues, a growing number of Japanese executives and government officials are crisscrossing the United States to defend their country and its policies. One of these is Ichiro Hattori, president of Seiko Instruments & Electronics and Seiko Epson Corp.
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