Article Abstract:
Japan's financial crisis can only be solved with the Ministry of Finance's (MOF) help. Bank of Japan statistics show that outstanding consumer loans are over US$162 billion, and though personal savings are high, withdrawals will cause liquidity strains. Bank lending is stagnant, and the Japanese share in the international lending market has fallen below 30%. The MOF can increase money flow through postal savings system funds and officially discounted Bank of Japan's loans. The MOF must also protect security houses from being taken over by banks, and provide banks with tax concessions against bad debts.
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Article Abstract:
Japan is championing free trade when its own economy can only be characterized as more protectionist than open, as shown in its zeal to revive the GATT. The main reason appears to be the formation of trade alliances in Europe and the Americas which threatens to deprive Japan of major trading partners. In trying to woo its Asian neighbors, Japan does not want to antagonize its western trading partners too early. At the same time, the danger of western trade blocs discriminating against Japan in the future leaves it with no choice but to support the emerging trade alliance in Asia.
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Article Abstract:
Japan's Ministry of International Trade and Industry (Miti) published a report on Jun 8, 1992 criticizing the trading policies of its major trading partners in the west and in Asia. The most stinging attacks are reserved for the EC members and US, where Democrats in Congress are preparing a new Super-301 trade bill aimed mainly against Japan. The report is viewed as a move to support the flagging Uruguay Round of GATT, and to counterattack criticisms of Japan's huge trade surplus in the midst of worldwide economic slowdown.
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