The Economic Scene

Abstract

Japan’s industrial and commercial successes are constantly praised in newspapers, magazines and books published around the world. Similar compliments are paid indirectly by her trading partners when they complain of her export goods ‘dumped’ at low prices with disastrous damage to manufacturers in the importing countries. They also growl that Japan’s domestic market is not open for the import of their goods, and point out that any expansion would benefit Japan as well as the rest of the world. In 1987 a further opening of Japan’s market was still being demanded by America and the European Community.