To Redress Trade Imbalance, Japan Labor Minister Buys Chrysler
TOKYO (AP) _ Minister of Labor Toshio Yamaguchi did his part this week to ease the trade imbalance between the United States and Japan. He bought a Chrysler.
Yamaguchi now has the distinction of being the only Cabinet minister to drive a foreign car, ministry spokeswoman Aiko Yamazaki said today.
In April, Prime Minister Yasuhiro Nakasone called on the Japanese to each buy $100 worth of foreign goods to help bring Japan’s international balance of trade into equilibrium. Japan recorded a trade surplus of almost $37 billion with the United States alone last year.
Ms. Yamazaki said the Chrysler Fifth Avenue cost the minister about $31,000. The price includes taxes and transport expenses.
She said Chrysler Chairman Lee Iacocca sent Yamaguchi a thank you note.