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Voters Service Note
Things Japanese... Things Hawaiian...
Great Decisions—Japan, Partner or Rival?
"One of the most significant economic developments in our lifetime"...
When Pres. Nixon and Prime Minister Tanaka met here in Aug., 1972, two top items occupied the meetings.. One was Japan's giant surplus trade with the U.S., the other, Japan's dynamic foreign policy involving closer relations with China. Japan is still considered to be the world's "super salesman". It's foreign sales in 1972 were up 25% over 197/, and its surplus of exports was $5..6 billion for the 7th year. Japan's surplus with the U.S. was$3.2 billion--1971. It's foreign policy is still a trade policy. There is hardly a country not caught up in Japan's economic onslaught from Britain and Germany to the USSR and China. Australians mockingly call themselves "Japan's other island". Tokyo is Peking's number one foreign importer and its number two, customer. With the U.S., it has become a tough economic rivalry .where the free enterprise rides are interpreted differently, giving Japan a decided advantage. When the two, leaders met, we were on the brink of a trade war. As a result, Tanaka said Japan would buy an extra $1.1 billion of U.S. goods and services by March 1973. On the second agenda item„ Japan is very attracted to, China emotionally and economically. Seven hundred and fifty million consumers is a sizable market! China's admission, to the UN in Oct.'71 encouraged Japan to full recognition of China and to break ties with Taiwan. Tanaka's visit to Peking in Sept. '72 was a preliminary step. The Chinese,- for their part, still deeply fear Japan's military past and are worried lest they become overly dependent on Japan for technology and credit. It has been predicted that by 1980 Japan will be supplying 40% of China's imports.
LEAGUE is Watching... Japan's growing investments and activities in Hawaii. Thomas H. Ching, Isle banker "welcomes Japan investments". State Sen. Yee said, "Hawaii is lucky Japanese investors come here". George S. Kanshelev, executive sec. Japan-Hawaii Economic Council, "islanders should welcome foreign investors, including those from Japan". LEAGUE Was There.... U of H College of Business Administration Luncheon - Chinn Ho, financier speaking, "without foreign capital, including money from Japan, Hawaii's economy would be stagnating now, with development on a very marginal basis"..
|September 1973||Top Home Newsletters||November 1973|