Samurais No More

Abstract

The failure of the February 11 Hosokawa Clinton summit in Washington to pro duce a trade agreement on U.S. terms was marked by theatrics on the American side. Deputy Treasury Secretary Roger Altman's banter was typical. He declared, with the bluntness that Wall Street breeds, that the United States would wait until hell freezes over for the Japanese to accept U.S. demands. When Prime Minister Hosokawa finally said no to them, the American anger was palpable. U.S. Trade Representative Mickey Kantor brought to center stage the Motorola cellular phones dispute, which the administration had readied to coin