Japan stands firm

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The Independent Online
(First Edition)

WASHINGTON - The Japanese Prime Minister, Morihiro Hosokawa, said yesterday he had no intention of giving in to US demands that he said would lead to managed trade. He said he explained to President Bill Clinton that numerical targets fly 'in the face of reform efforts that I am promoting back home'. The two leaders shared breakfast at the White House yesterday after failing on Friday to reach accords aimed at cutting Japan's trade surplus and improving access to specific market sectors. Reuter