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Scottsdale Progress in Scottsdale, Arizona

06 Mar 1973

Page 3

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Newspaper

Scottsdale Progress

Location

Scottsdale, Arizona, United States of America

Date

Mar 06, 1973

Page

3

Japan United States Alliance Amid Economic Strain and Risk

UPI report outlines the Japan United States partnership as a durable alliance built on defense and trade. It notes Tokyo Yokosuka Sasebo bases and the 1952 start, Japan as an industrial giant with a weak military posture, and Washington urging yen revaluation amid a growing trade imbalance.

MENTIONED IN THIS ARTICLE

Tokyo UPI United States Japan Asia America Rence North America China Soviet Union Peking Nixon Kakuei Tanaka Soviet Siberia North Korea North Vietnam Moscow South Korea Taiwan U.S. Navy Yokosuka Tokyo Bay Sasebo U.S. 7Th Far East U.s.japan Liberal Democratic Party LDP
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Dollar crisis frames Japan role in U.S. trade strain

The United States blames Japan for a persistent 4 billion trade deficit and devalues the dollar to pressure reform. Tokyo accepts a floating yen under IMF note while U.S. aims to curb imports with higher prices, affecting Japan more than Europe. Officials urge non punitive stance.

MENTIONED IN THIS ARTICLE

Japan United States China Soviet Union America Washington Detroit Europe Nobuhiko Ushiba International Monetary Fund U.S State Department
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Also Mentioned on This Page

Robert Crabbe Toyota Nissan Daigun California Singapore Lee Kwan Yew Sarit Thanarat Orient Stewart Hensley Henry Kissinger Vietnam Washington-Peking Treasury George P. Shultz Shultz
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