WE WILL ALSO BE PREOCCUPIED WITH THE ECONOMIC SUMMIT IN TOKYO. AT WEEK, THE PREPARATORY GROUP WILL MEET HERE IN WASHINGTON, J AND HENRY OWEN WILL VALUE GAINING THE VIEWS OF YOUR GOVERNMENT ON THE SUMMIT FROM SIR JOHN HUNT. I BELIEVE THE CHANCES FOR A GOOD SUMMIT ARE EXCELLENT. DURING MY MEETINGS LAST WEEK WITH PRIME MINISTER OHIRA, WE AGREED ON THE NEED, FOR AGREEMENT AT THE SUMMIT ON SPECIFIC ACTIONS, NOT GENERALITIES. WE DISCUSSED ENERGY, MACRO-ECONOMIC POLICY, AND FOOD PRODUCTION IN DEVELOPING COUNTRIES-- AS "AREAS WARRANTING SPECIAL ATTENTION. WE ALSO MADE LIMITED BUT REAL PROGRESS ON RELIEVING ONE OF THE KEY PROBLEMS-NAMELY, THE JAPANESE TRADE IMBALANCE WITH OTHER WESTERN COUNTRIES. IF THIS APPROACH IS SUSTAINED BY EFFECTIVE JAPANESE FOLLOW-UP ACTION, I BELIEVE IT WILL HELP US IN GAINING CONGRESSIONAL APPROVAL FOR THE MTN AGREEMENT.
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IT WILL ALSO BE IMPORTANT AT TOKYO FOR ALL OF US TO DISCUSS WHAT WE CAN DO TO REDUCE OUR DEPENDENCE ON IMPORTED ENERGY-- WHERE THE UNITED STATES BEARS A SPECIAL RESPONSIBILITY: AND HOW TO DEAL WITH DOMESTIC STRUCTURAL PROBLEMS, INCLUDING THE NEED
· TO REDUCE THE RATE OF INFLATION.
IN SUM, THERE IS A LONG LIST OF ISSUES WHERE BOTH YOU AND I FACE SIMILAR PROBLEMS AND CONCERNS, AND WHERE WE HAVE MUCH TO DISCUSS. I AM LOOKING FORWARD TO CONTINUING THE CLOSE PARTNERSHIP THAT HAS EXISTED BETWEEN OUR TWO COUNTRIES FOR SEVERAL GENERATIONS- REGARDLESS OF WHAT PARTY IS IN OFFICE IN EITHER NATION. THE ROLE OF THE UNITED KINGDOM IS CRITICAL IN HELPING TO RESOLVE COMMON PROBLEMS, AND YOUR OWN PERSONAL LEADERSHIP IN THESE DIFFICULT TIME WILL BE PARTICULARLY IMPORTANT.
LAGAIN
AGAIN
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SECRET