Japan Bows A Little On Imports
Trade war? What trade war? Japan's Transportation Ministry has dropped a barrier to let Chrysler export up to 10,000 Jeep Cherokees to Japan this year, double the previous number. The move comes on the heels of Toyota Motor's announcement that it will voluntarily boost purchases of U.S. auto parts. And sources tell BUSINESS WEEK that the two countries are not as far apart on the Motorola market access dispute as they appear. If the Japanese don't act by Mar. 17, the U.S. will name Japanese imports as possible targets of retaliation. Now, Japan appears ready to bow to pressure and grant Motorola more access to its cellular telephone market.
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