CIS NO: 72-H381-24
 TITLE: U.S. Foreign Economic Policy Toward Japan.
 SOURCE: Committee on Foreign Affairs. House
 DOC TYPE: Hearing                   COLLATION: iii+157 p.
 DATE: Nov. 2-4, 8, 1971
 CONGRESS-SESSION: 92-1              SUDOC: Y4.F76/1:J27/2
 ITEM NO: 1017
 LC CARD NO: 72-600856               MC ENTRY NO: 5166(72)

 Hearings before the Subcom on Foreign Economic Policy to review U.S.
 foreign economic policy toward Japan and to assess effects of President
 Nixon's new economic policies outlined in his Aug. 15, 1971, statement.
 CONTENT NOTATION: Economic policy toward Japan
 DESCRIPTORS (and special content notations): SUBCOM ON FOREIGN ECONOMIC
     POLICY. HOUSE; FOREIGN.ECONOMIC.RELATIONS; JAPAN (US foreign economic
     policy); FOREIGN.TRADE

 72-H381-24 TESTIMONY NO: 1         Nov. 2, 1971 p. 2-18
 WITNESSES (and witness notations):
     BALL, GEORGE W. (sr managing dir, Lehman Bros, Inc, NYC; former Under
        Sec of State)
 STATEMENT AND DISCUSSION: Need to base U.S. Far Eastern policy on close
     relationship to Japan; problems in U.S.-Japanese business relations;
     needed international monetary realignments. (For further discussion, see
     H381-24.2.)
 CONTENT NOTATION: Economic policy toward Japan
 DESCRIPTORS (and special content notations): MONETARY POLICY (Intl
     monetary realignments)

 72-H381-24 TESTIMONY NO: 2         Nov. 2, 1971 p. 19-41
 WITNESSES (and witness notations):
     BLUMENTHAL, W. MICHAEL (pres, chief operating officer, Bendix Corp;
        former Dep Spec Rep for Trade Negotiations for Presidents Kennedy and
        Johnson)
 STATEMENT: Problems affecting Japanese-American political and economic
     relations. (p. 19-24)
 DISCUSSION: (Also covers testimony under H381-24.1.) Importance of foreign
     trade and investment to U.S. business and labor; problems of possible
     Japanese remilitarization; effects of import surcharge. (p. 24-41)
 CONTENT NOTATION: Economic policy toward Japan
 DESCRIPTORS (and special content notations): EMPLOYMENT (US foreign trade
     and investment, effect on Amer labor)

 72-H381-24 TESTIMONY NO: 3         Nov. 3, 1971 p. 43-77
 WITNESSES (and witness notations):
     GREEN, MARSHALL (Asst Sec of State for East Asian and Pacific Aff);
        accompanied by KATZ, JULIUS L. (Dep Asst Sec of State for Economic
        Aff)
     PETTY, JOHN R. (Asst Sec of Treas for Intl Aff)
 STATEMENTS: Outline of U.S.-Japanese trading and economic relationships.
     (p. 43-48)
 DISCUSSION: Impact of import surcharge and its continuation; desirability
     of moving negotiations with Japan into multilateral forums; U.S. policy
     on Japanese remilitarization. Comparison of U.S. and Japanese foreign
     aid; U.S. objectives in textile agreement with Japan. (p. 49-77)
 CONTENT NOTATION: Economic policy toward Japan
 DESCRIPTORS: DEPARTMENT.OF.STATE; DEPARTMENT.OF.TREASURY

 72-H381-24 TESTIMONY NO: 4         Nov. 4, 1971 p. 79-127
 WITNESSES (and witness notations):
     ROSOVSKY, HENRY (prof of economics, Harvard Univ)
     PATRICK, HUGH (prof of Far Eastern economics; dir, Center for East
        Asian Studies, Yale Univ)
     BEPLAT, TRISTAN E. (sr vp, Mfrs Hanover Trust Co; dir, treas, Japan
        Soc, Inc)
 STATEMENTS: Analysis of Japanese industrial situation; psychological and
     economic reasons for deteriorating U.S.-Japanese relations; trade
     problems posed by inefficient industries; recommendations for future
     policy. (p. 79-107)
 DISCUSSION: Possible Japanese reactions to continuation of surcharge;
     future development of Japanese trade with nations other than U.S.;
     effects of Japan's domestic development on its international political
     and economic policies (p. 107-127).
 CONTENT NOTATION: Economic policy toward Japan

 72-H381-24 TESTIMONY NO: 5         Nov. 8, 1971 p. 130-157
 WITNESSES (and witness notations):
     REISCHAUER, EDWIN O. (prof of East Asian Studies, Harvard Univ; former
        US Ambassador to Japan)
     SCALAPINO, ROBERT A. (prof of political science, Univ of Calif,
        Berkeley)
 STATEMENTS: Changing Japanese national self-image; recommendations to
     improve U.S.-Japanese relations. (p. 130-139)
 DISCUSSION: Needed multilateral approach to accommodation of economic
     interests; need to clarify Nixon Asian Doctrine; relationship of
     Japanese business and Government; Japanese view of U.S. China policy.
     (p. 139-157)
 CONTENT NOTATION: Economic policy toward Japan
 DESCRIPTORS (and special content notations): NIXON ASIAN DOCTRINE
     (Japanese military role)