Cracking Japan: Without Targets, It's Just Talk

Earlier this month, a band of prominent economists sent an open letter to Bill Clinton and Morihiro Hosokawa, urging the President to forget about numerical trade targets and advising Japan's Prime Minister to resist them. Let's hope they don't listen. Snaps David Hytha, managing director of wireless systems at AT&T Japan Ltd.: "Economists have yet to unveil a model that makes sense of Japan."

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