Karate Or Just Kabuki
CLINTON’S ADVISERS, AS WELL AS HOSOKAWA’S, are at pains to paint the trade disagreement as a dramatic departure from the past. Clinton wants to be seen fulfilling his campaign pledge to take a tougher line with Japan, while the politically fragile Hosokawa government can only benefit from seeming more independent of Uncle Sam. But the reality is far less epic. Neither Washington nor Tokyo has any interest in curtailing a bilateral trade that reached $155 billion last year....