United States and Japanese Ministers remained far apart on trade and economic issues after the second day of a joint economic conference in Washington on Friday (10 September).
GV EXT State Department building
SV INT Conference room Japanese and American delegates seated
SV Japanese delegate seated with Mr. Rogers
CU Rogers speaks (SOUND)
TRANSCRIPT: SEQ. 4: ROGERS:
"I would not want to suggest that we are not going to have difficulties and continuing differences but I don't believe that is unusual in any family to have differences. Now we have had a very close alliance with Japan for many years that has been for our mutual benefit and I think the problems that we have that face us at the present time are manageable. I don't want to suggest that we expect to be all resolved quickly, in fact I think that the two most successful nations in the free world in terms of economic strength we are going to continue to compete and have problems that arise from competition. But that should not be construed as causing any rift of any fundamental change, or any spirit of unfriendliness."
Initials BB/2256 TA/AS/BB/2302
Script is copyright Reuters Limited. All rights reserved
Background: United States and Japanese Ministers remained far apart on trade and economic issues after the second day of a joint economic conference in Washington on Friday (10 September).
A joint communique and press conference by the United States Secretary of State Mr. William Rogers and Japanese Foreign Minister Mr. Takeo Fukuda said that the United States had obtained some trade concession at the conference, but that no progress had been made on other matters directly relating to the stats of both Japanese and American currencies.
The first day of the meeting of the joint United States--Japan Trade and Economic Affairs Committee (on Thursday 9 September) had been dominated by U.S. requests for an upwards revaluation of the Yen, and by Japanese calls for a quick end to President Nixon's 10 per cent import surcharge.