Mosbacher Warns Japan: Commerce Secretary Robert Mosbacher...

Mosbacher Warns Japan: Commerce Secretary Robert Mosbacher said Japan must do more to open its markets to U.S. high-technology computer products, contending that it has failed to live up to a 1986 commitment involving semiconductor sales. In a speech to the Electronic Industries Assn., Mosbacher sounded a tough line with Japan, the country running the largest trade surplus with the United States. He said American manufacturers of semiconductors and supercomputers were selling products that were second to none in the world. “But despite this strength, these sectors have been unable to capture their fair share of world markets,” Mosbacher told the association. “Our semiconductor industry, especially, has been hurt by unfair pricing practices around the world and lack of access to Japan’s market--the world’s largest market.”