Businessweek Archives

Japanese Consumers Deserve A Break


Readers Report

JAPANESE CONSUMERS DESERVE A BREAK

In your article "GATT: It's yesterday's agreement" (Top of the News, Dec. 27), you only briefly mentioned rice imports by Japan. But it's a very, very big issue. Japan's Prime Minister, Morihiro Hosokawa, at last succeeded in introducing market forces thanks to a strong gaiatsu, or foreign pressure.

In Japan, consumers have forever been buying products and services at strictly regulated prices. The stronger yen never means stronger buying power for consumers in the highly protected Japanese market. For example, almost all the profits oil importers get from the favorable current exchange rate do not translate into lower gas prices. It's unfair, isn't it?

Yukoh Yamamoto

Tokyo


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus