• Short Summary

    An American Department of Commerce campaign launched into increase textile sales on the Japanese market opened in Tokyo on Tuesday (October 5).

  • Description

    An American Department of Commerce campaign launched into increase textile sales on the Japanese market opened in Tokyo on Tuesday (October 5). But much of the gloss has already been lost -- last chance negotiations between the United Stated and Japan over the Japanese textiles on the American markets are still going on.

    On Friday (October 8) Japan's powerful textile industry declared its intention to fiercely resist any moves towards a pact restricting exports to the United States. The Japanese Textile Federation issued a statement heavily criticising the Government for its part in the coming settlement. The statement came shortly after Prime Minister Eiasaku Sato failed in a personal bid to convince industry leaders over the need for the joint Government pact.

    Japan's textile industry, employing almost two million workers still holds the firm opinion it did over three years ago when the dispute first started as Japanese goods started to pour unrestricted onto the American market. Earlier attempts to reach Government settlements had failed and the industry adopted its own programme of export self restraint.

    SYNOPSIS: A textile exhibition, sponsored by the American Department of Commerce opened in Tokyo on Tuesday--at a time when last-chance negotiations between Japan and the United States on the restriction of Japanese textile exports to America are taking place. President Nixon has given the Japanese until mid-October to find an agreement. After that date, the will threaten mandatory limitations on all textile ???ports into the country. Economic observers are now using the example of the international textile dispute to illustrate the current economic crisis between Japan and the United States.

    The Tokyo exhibition is the latest of many, all staged with the intention to boost United States home industry. The Americans claim that the flood of Japanese goods onto their market has sent many of their factories into bankruptcy, costing the jobs of thousands of workers. In Japan, textile industries have lost their dominant positions in the national economy, but they still employ many workers and produce valuable revenue.

    The American export programme is being emphasised so much, some Americans say it can only be a matter of time before the Japanese start applying their own import restrictions--a reverse strategy.

    The Japanese textile industry is almost powerful enough to topple the Government. Industry leaders have already criticised Prime Minister Sato's plea for restraint in attacking President Nixon's ultimatum. The textile industry is closely involved with Japan's whole domestic political scene.

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    Reuters - Including Visnews
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