[PEN-L:5185] Re: Trade Sanctions

[ikita@xxxxxxxxxxxx (Iwao Kitamura)]

Hello Penners,

I think that the U.S. sanctions on japanese autos this time was decided for
a very political reason. You should find this is the first time that japanese
government definitely refused the quantative target on trade issues. 3 years
ago, japanese government accept the target of 19 billion dollar imports of U.S.
auto parts by 1994. But this time Ryutaro Hashimoto and his MITI stuffs rejected
any negotiation about any target on trade issues.
MITI beurocrats, who are agents of industrial monopolistic capitalists in Japan,
have been frustrated with requests by U.S. government. It seems they have decided
to refuse any quantative target on trade issues also in the future . I feel some
 atmosphere against U.S. among japanese beurocrats and capitalists. They want to
take any matter with foreign countries into 'multi-national' negotiation, so that they represent their complete independence with U.S. I don't think japanese
capitalism are dependent upon U.S.'. But its independency has been somewhat
 incomplete.
This incompleteness will vanish if Yen becomes one of polar currencies in the world
economy at the same time when U.S. dollar abondones its position of single world's
currency.
------------------------------------
Iwao Kitamura
a member of theoritical study group
Socialist Association (Japan)
E-mail : ikita@xxxxxxxxxxxx
personal web: http://www.st.rim.or.jp/~ikita/