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Washington Outlook: CAPITAL WRAPUP

TRADE

House Majority Leader Richard A. Gephardt may have gotten a bit too enthusiastic in complaints that the transfer of U. S. technology to Japan is damaging American competitiveness. In testimony to a House subcommittee, the Missouri Democrat charged that Toyota acquired St. Louis-based Bodine Aluminum in 1989 because the carmaker wanted access to Bodine's process for casting aluminum parts. But Bodine President Robert W. Lloyd says Gephardt got it wrong. Bodine plans to build a new foundry in Missouri that will employ 100 people--and use a new Japanese casting method.EDITED BY STEPHEN H. WILDSTROM


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