Business: More From Japan
Many a U.S. manufacturer of sewing machines, ceramics or textiles turns purple when he sees imitations of his wares with a "Made in Japan" label. But last week two top Administration spokesmen told some 2,000 businessmen at the 41st National Foreign Trade Convention in Manhattan's Waldorf-Astoria that the "Made in Japan" label should appear far oftener in U.S. stores.
Deputy Under Secretary of State Robert Murphy pointed out that Japan is importing about $200 million a year more than it exports, and the dollar gap is widening steadily as U.S. troops are withdrawn from the country. To make up for the decline, said Murphy, Japanese exports to the U.S. must rise 75%.
To make this possible, said Assistant Commerce Secretary Samuel W. Anderson, the U.S. should cut tariffs on Japanese-made products, and encourage Britain to do the same. Warned Anderson: Japan may slip behind the Bamboo Curtain if it is forced to turn to Red China's markets.
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