G-8 SUMMIT FOCUSES ON IT CHALLENGE,
KOREAN BREAKTHROUGH; AVOIDS CONTROVERSY
--- by Barbara Wanner
Japanese bureaucrats who for the past year have obsessed over the scheduling, agenda, logistics and other aspects of the July 21-23 summit on Okinawa of the leaders of the Group of Seven industrial nations plus Russia finally can breathe a sigh of relief. Notwithstanding the complications caused by President Clinton's late arrival and early departure in order to tend to the troubled Middle East peace negotiations at Camp David in Maryland, the three-day confab of the leaders of Canada, France, Germany, Great Britain, Italy, Japan, the United States and Russia concluded on an upbeat note.
MORI MEETS WITH DEVELOPING-COUNTRY
--- by Marc Castellano
High-level representatives of developing nations gathered in Tokyo July 20 to express their concerns to counterparts from the developed world. Held on the eve of the summit of the heads of the Group of Seven industrial nations plus Russia, the first meeting of its kind was organized by Prime Minister Yoshiro Mori to assure emerging economies that their voices would be heard at the global forum of the world's most powerful countries. Initiatives to reduce poverty and to expand development assistance were among the major issues discussed.
U.S., JAPAN RELEASE DEREGULATION REPORT;
EXTEND ENHANCED INITIATIVE FOR A YEAR
--- by Susan MacKnight
Never has a change in a Japanese government position been conveyed in such an offhand manner as Prime Minister Yoshiro Mori's acknowledgment July 22 that Tokyo would continue a three-year-old transpacific deregulation forum for another year. The disclosure came after Mr. Mori met for 45 minutes with President Clinton on the sidelines of the summit on Okinawa of the leaders of the Group of Seven industrial nations plus Russia to discuss a number of issues, mainly in the security field, of mutual concern. Asked by reporters whether the two had agreed to extend the U.S.-Japan Enhanced Initiative on Deregulation and Competition Policy, the prime minister, after a nudge from the president, said that they had.
EPA WHITE PAPER TAKES THE LONG
--- by Douglas Ostrom
The Economic Planning Agency's annual economic white paper typically discusses both short-term and long-run economic developments a tradition upheld by this year's edition, issued July 14. Yet the report's authors, clearly sensing the transition from one era to another, emphasized long-range prospects far more than in previous versions.