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NEWS
March 20, 1991 | JAMES RISEN, TIMES STAFF WRITER
A Japanese diplomat, angered by American criticism of Japan's refusal to play a larger role in the multinational coalition in the Persian Gulf, lashed back Tuesday and blamed the United States for spawning the crisis by refusing to learn how to conserve energy. "It (the crisis) is your (America's) fault," Masamichi Hanabusa, Japanese consul general in New York and Japan's second-highest-ranking diplomat in the United States, told reporters. "You caused the problem."
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BUSINESS
August 8, 1990 | SAM JAMESON, TIMES STAFF WRITER
In 1973, when the first oil shock struck, Japan panicked. Housewives scrambled to buy up toilet paper. Diplomats kowtowed to Arab wishes. Before the chaos ended, prices shot through the roof and the gross national product shrank for the first time. But as the world's third oil shock gets under way, panic has struck only Japan's paper economy. Prices on the Tokyo Stock Exchange, which took a beating for three months until the 225-share Nikkei stock index bottomed at 28,002.
BUSINESS
October 15, 1990 | LESLIE HELM, TIMES STAFF WRITER
Enlightened bureaucrats at Japan's Ministry of International Trade and Industry set worthy national goals and then marshal the country's resources to reach the goals. If you think that is how Japan Inc. works, you might want to take a look at the nation's energy policy.
BUSINESS
October 15, 1990 | LESLIE HELM, TIMES STAFF WRITER
Enlightened bureaucrats at Japan's Ministry of International Trade and Industry set worthy national goals and then marshal the country's resources to reach the goals. If you think that is how Japan Inc. works, you might want to take a look at the nation's energy policy.
NEWS
August 2, 1990 | From Reuters
Tokyo stocks plummeted in early afternoon trading today and the yen fluctuated wildly against the dollar as Japan monitored news of an Iraqi invasion of Kuwait. Japan is hugely dependent on Persian Gulf oil supplies and a Foreign Ministry official said of the attack: "We deeply regret (the development) because it involves military actions. "The conflict, if further aggravated and prolonged, would have significant impact on Japan in various forms, especially in terms of oil supplies."
NEWS
August 4, 1990 | SAM JAMESON, TIMES STAFF WRITER
Japan on Friday imposed an unofficial freeze on Kuwait's assets here to protect them from falling into Iraqi hands and announced that it would impose sanctions on Iraq to punish it for invading its tiny neighbor. Chief Cabinet Secretary Misoji Sakamoto said Prime Minister Toshiki Kaifu had agreed to a request from President Bush to join other Western nations in taking coordinated action against Iraq, a supplier of 6% of Japan's oil imports.
NEWS
March 20, 1991 | JAMES RISEN, TIMES STAFF WRITER
A Japanese diplomat, angered by American criticism of Japan's refusal to play a larger role in the multinational coalition in the Persian Gulf, lashed back Tuesday and blamed the United States for spawning the crisis by refusing to learn how to conserve energy. "It (the crisis) is your (America's) fault," Masamichi Hanabusa, Japanese consul general in New York and Japan's second-highest-ranking diplomat in the United States, told reporters. "You caused the problem."
BUSINESS
December 21, 1988 | DONALD WOUTAT, Times Staff Writer
Led by a surge in consumption in the United States and Japan, the world has apparently been using about 1 million more barrels of oil per day in 1988 than government and private economists believed as recently as a few months ago. A leading private forecaster this week sharply boosted his estimate of the year's growth in world oil demand to 3% to 4% above 1987 levels, compared to a previous estimate of 1.8%.
BUSINESS
August 8, 1990 | SAM JAMESON, TIMES STAFF WRITER
In 1973, when the first oil shock struck, Japan panicked. Housewives scrambled to buy up toilet paper. Diplomats kowtowed to Arab wishes. Before the chaos ended, prices shot through the roof and the gross national product shrank for the first time. But as the world's third oil shock gets under way, panic has struck only Japan's paper economy. Prices on the Tokyo Stock Exchange, which took a beating for three months until the 225-share Nikkei stock index bottomed at 28,002.
NEWS
August 4, 1990 | SAM JAMESON, TIMES STAFF WRITER
Japan on Friday imposed an unofficial freeze on Kuwait's assets here to protect them from falling into Iraqi hands and announced that it would impose sanctions on Iraq to punish it for invading its tiny neighbor. Chief Cabinet Secretary Misoji Sakamoto said Prime Minister Toshiki Kaifu had agreed to a request from President Bush to join other Western nations in taking coordinated action against Iraq, a supplier of 6% of Japan's oil imports.
NEWS
August 2, 1990 | From Reuters
Tokyo stocks plummeted in early afternoon trading today and the yen fluctuated wildly against the dollar as Japan monitored news of an Iraqi invasion of Kuwait. Japan is hugely dependent on Persian Gulf oil supplies and a Foreign Ministry official said of the attack: "We deeply regret (the development) because it involves military actions. "The conflict, if further aggravated and prolonged, would have significant impact on Japan in various forms, especially in terms of oil supplies."
BUSINESS
December 19, 1989 | From United Press International
Saudi Arabia, which has the world's largest supply of crude oil, wants to start oil refining and marketing in Japan, a move that may force reorganization of Japan's oil industry, a leading economic journal says. Nihon Keizai Shimbun reported Sunday that Saudi Arabia has already sounded out the Japanese Ministry of International Trade and Industry as well as the Resources and Energy Agency about the possibility.
BUSINESS
December 21, 1988 | DONALD WOUTAT, Times Staff Writer
Led by a surge in consumption in the United States and Japan, the world has apparently been using about 1 million more barrels of oil per day in 1988 than government and private economists believed as recently as a few months ago. A leading private forecaster this week sharply boosted his estimate of the year's growth in world oil demand to 3% to 4% above 1987 levels, compared to a previous estimate of 1.8%.
BUSINESS
December 19, 1989 | From United Press International
Saudi Arabia, which has the world's largest supply of crude oil, wants to start oil refining and marketing in Japan, a move that may force reorganization of Japan's oil industry, a leading economic journal says. Nihon Keizai Shimbun reported Sunday that Saudi Arabia has already sounded out the Japanese Ministry of International Trade and Industry as well as the Resources and Energy Agency about the possibility.
NEWS
October 8, 1985 | Associated Press
House Republicans, responding to Democratic pressure on the trade issue, today unveiled a 23-point measure that envisions the possible sale of Alaskan oil to Japan and a limited increase in power for the nation's top trade negotiator. "Protecting existing jobs and creating new jobs is at the heart of our program," House Minority Leader Robert H. Michel (R-Ill.) told a news conference at which GOP lawmakers blasted a rival Democratic plan.
NEWS
October 8, 1985 | Associated Press
House Republicans, responding to Democratic pressure on the trade issue, today unveiled a 23-point measure that envisions the possible sale of Alaskan oil to Japan and a limited increase in power for the nation's top trade negotiator. "Protecting existing jobs and creating new jobs is at the heart of our program," House Minority Leader Robert H. Michel (R-Ill.) told a news conference at which GOP lawmakers blasted a rival Democratic plan.
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