Skip to: Content
Skip to: Site Navigation
Skip to: Search


Japan appears to avoid major trade war with West

By Compiled From Wire Service Dispatches With Analysis From Monitor Correspondents Around The World, Edited By Laurent Belsie / February 14, 1983



Tokyo

Japan appeared to have averted a major trade confrontation with its Western allies by agreeing to moderate exports of a variety of goods. The agreement came at a high-level meeting between the two sides on ending friction over Japan's massive surplus in trade with the European Community and growing unemployment in Western countries. But both sides said the three-year measures were temporary and meant to allow time for European industries to improve and become more competitive.

Skip to next paragraph

Among the Japanese exports to Europe that were affected: television sets, videotape recorders, cars, and computerized machine tools. Japan also agreed to extend a 1.68 million ceiling on auto exports to the US through March 1984, the trade ministry said.