Japan to Hold U.S. Car Exports to 2.3 Million

Japan will limit its passenger car exports to the United States to 2.3 million again in fiscal 1988, which begins April 1, International Trade and Industry Minister Hajime Tamura said today.

Auto exports account for more than 20% of Japan’s exports to the United States. The Japan Automobile Manufacturers Assn. said Japan’s exports of passenger cars to the U.S. market have suffered from the strong yen and did not even reach the 2.3 million limit last year, declining 6.1% to 2.2 million autos.