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Show -- Japan and the U.S. Economy Workers Asking: Cant We Have More? Editor s note This ts the fifth ,ix articles on the inroads that Jooan is making into the S ho and economy u S 1 economic gro.ung Jooan S ! might is ottecting politics, diplo f mocv and business aecisions o David Hall Chicago Daily News Writer The Japanese are asking themselves if they don't deserve for their labor some reward more satisfying than scaring the rest of the woild out of its economic wits B For nearly 30 years now they have saved ar.d worked with zeal that would shame a Puritan. While most of the nations have felt the worries of military power added to the problems of feeding their people. Japan sai under an American defense umbrella and pursued an unwavering national policy to build a stronger economy Affluence the Equalizer? Some think Japan is destined to grow phenomenally forever. Herman Kahn, an Amtncan scholar and futurist. has declared that the 21st Century will belong to Japan by virtute of economic dominance. Other's aren't so sure Paradoxically, they believe that Japan's affluence will prove eventually to be the competitive equalizer for ihe rest of the world numbers of rooms of housing per person, or availability of running water and indoor plumbing, or areas of parkland, tne Japanese lag far behind the Western countries with which tney like to compare themselv es. Japan has the largest Gross National Product per acre in the world, which means simply that more economic activity takes place in less space than anywhere else. Nearly every home has a TV set and a washing machine, and the medical care is excellent, but pollution is among the worlds worst. Many Oriental and Western on Japan see the recent unrest in Japan, the concern over inflation and the declining strengh of the Liberal Democratic Party as signs that the Japanese want change. Despite the third largest Gross National Product m the world and a average yearly income of $J.OOO with the United compared States $4,000 the Japanese haven't spent much on creature comforts Instead, for years they have saved an incredible 30 percent of their national income and plowed it back into their init the dustry making world's most efficient and competitive experts n - L.S, Only 17 leading scholar on Japan is Harvard economist Henry Rosovsky, who sees a fundamental change in Japanese national policy as a real possibility w ithin a few years A Have Better (hance think that the Japanese have a better chance of achieving an intelligent and rational industnal order than many other democratic countires,' Rosovsky has written I Percent The United States, by contrast, saves only 17 percent of national income, and prosperous West Germany saves 24 percent. But when you talk about many (4 8 percent) have managed as the world's top economies Sees 9 Percent Rate The respected Japan Economic Research Center, however. predicts the growth will 9 be at around percent throughout this decade. That would be enough to raise Japan's GNP to about SI trillion by 19x0 (which would be nearly half the pioected I S level) and bung J (pan even with the United States m national income per person Japan's GNP is now about of the United States' $1 2 trillion one-thir- d Next world councils with poer U.S. Accuses Grain WASHINGTON (I PI) -CGram Co, which handled more than half of last years big sale of U S grain to Ku'sia, has been charged with tiling incomplete and inaccurate'' reports oil some 1972 futures trading activities, the has Agriculture Department announced Japans status in Finn Federal Commodity Exchange ontinental Act. The depurment's Commodity Exchange Authority said the reports filed during the summer period when tile Soviet grain deal unfolded, amounted to a willful violation of the Continental spokesman, however, denied flatly that there was any willful violation of the act. Sheldon Kerens, Continental's counsel, said m New York there may have been some "technical inaccuracies m reports turmxhed to CE by the firm at a time when Continental was handling a volume of business" partly because of its participation in sales to Russia A He believes this for a number of reasons, not the least of which is the extraordinary ability of the highly ordered and authoiity - respecting Japanese to pursue a common path once the need for change becomes recognized, national consensus. OFFICE HOURS Dealinq demands tor big Tribune, Thursday. July 5J9T3 The Salt Judge Date: Slate Board Posts Hearing on New Interest Rates IBM Count U'KK NEW (Ul - eral tudge has scheduled healing on Justice ment allegitions that a lull Departlulema-tionu- "rather Citing changes fed- A i Machines Business conof civil is guilty Coip tempt for refusing to hand 1.200 business over neaily documents The tustiee Department sought the disputed documents in pretrial pioceedings of an antitrust suit, wlnth the government seeking to prove IBM the unlaw fully monopolizes computer maiket Last Thursday, Bruce Bromley, head of IBM's legal counsCluel Judge el. challenged David N Edelstem to cite him for contempt, to enable an ruling on IBM's appellate claim that the papers aie confidential dramatic" Maturing in 30 to 59 days perE pei cent, up from 6 cent national money markets dining the past week, the State Depos.torv Board hasarnouneed it is increasing interest rates which banks must pay on cert it mates ot deposit of public tinuls m 7 Maturing in 60 to S9 davs percent, up fiom 6 7X percent 7 W Smoot Bnmhall Utah commissioner of financial in stitiit ions and chairman of the r boaid said the new late.s are eltective Tliuis-da- of Applying to certiticatc's deposit ot $10911110 and over, the new Kites aie SPEED QUEEN COIN OPERATED WASHERS & DRYERS Furnished Aru;nii:Ts dose unit year m qtosiinq $9 500 o Excellent terms 4 yeatb old 8 units, FOR 2 bedrooms FQGu APARTMENTS. TRAILER PARKS, MOTELS, INSTITUTIONS Pnme southeast oiea Tills week. Judge Edelstem ot tiered the hearing Jtilv 16, "linoted to the issues ol the DIAL n tliji: ic. Iv fine 179 7 pervem The last upward rate adpist-men- t became effective June 21. Mr Bnmhall noted y 5 90 percent, up from 7 three-membe- r to davs percent rid Maturing in 180 davs 7 :,4 more percent, up from Maturing m 8 .llhl 434-24- 44 COIN METER WASHER SERVICE 1450 South West Temple IKT-JJ- AmoMmcMf for our centennial Added factors are worldwide resistance to Japanese economic success particularly its flood of exports and its assault on world raw materials and natural resource markets In many areas, signs of Japanese affluence abound. Working mens wages are near the levels in western Europe and not at the sweatshop level that many imagine. Tourists Abound headache or an the off? me ask afternoon and for stomach upset Who is about to develop a splitting Business Tradeivinds Mrs. Sheron M. Peterson has been promoted special administrator for the Utah- - southern Idaho district ol The Travelers Insurance Companies' casualty property department. Formerly district she joined the supervisor, company in 1969. John L. Knight, meanwhile, has been named assistant department manager at The Travelers John M. . local office. Ragsdale, a Chicago native, has been namtd sales manager of the Salt Lake City office of Lake Shore. Inc . . . d manufacturer-distributo- r of heavy equipWilliam M. Kind, former sales manager lor Lake Shore's combined territory, has been named manager of its Idaho operations, headquarMrs. tered m Boise Estelle Jean Grandstaff. clerk at Walgreen Drug Store at 3 W South Temple, has been honored for 25 years of serBlaine B. Rich has vice been retained as consultant to Chemical Thiokol Corp.'s Logan division. He recently resigned as general manager of the facility. . . . Richard D. diANop has been appointed rector of program services for Bonneville International Corp He jcceeds Gordon Johnson, who resigned. . . . Moroni Bunk Fox Jr. of Bountiful Mattress Co , Inc., 3310 S 300 West, has been appointed to the national advisory' council of the National Federation of . . . Business. Independent Robert Bailey, director of I.mL Freight, Inc., safety for Salt Lake City, has been elected national chairman of the Assn American Trucking Council of Safety Supervisors . . . George R. Quixl. president of security National Life, Salt Luke City, and three ment. Ulah-ldah- o d . . ' Mr. Kind M Mr. Ragsdale . Mr. Uuist Mrs. Grandstaff 'Export Brake Volkswagen Desires U.S. Plant . . insurance Ariona-ba-eFrance-Press- e Agence WOLFSBURG, WEST GERMANY Volkswagen, the car firm, wants to build an assembly plant in the United States, Rudolf Ueuiing. chairman and managing director ot the company, has told shareholders He said at the annual meetUniting that a factory m the ed States would safeguard jobs in the Germany works and the group's interests in foreign markets, particulaily in America. Lciding added was while Washington that, trying to reduce imports, the Bonn government w as inclined to put a brake on exports The chairman stressed to offset Volkswagen's dependence on sales abroad. He said that his firm was considering cutting exports from 70 percent of production tc 60 percent and to step up sales at home from 30 to 40 percent In this way, he declared. Volkswagen would be less affected by currency fluctuations. com- a dipanies, has been elected AssociaNational rector of the tion of Lite Companies Hoard Member Is William reappointed 11 Call has to another term on the Salt Lake City Career Service Personnel k In part to meet the political created by its problems export surpluses, and m part to serve the growing demands of its consumers. Japan has lowered most of its import barriers. Nelson Stitt, director of the United States-JapaTrade Council in Washington, before the House testified Means Committee and Ways last month that with a few n Japans barriers exceptions are lower than those today maintained by any other major country, including the United States Greater U.S exports to Japan already are occurring. Along with Japanese direct m investment U S. industries, this could do much to removethe major political stumbling block between the United States and the $4 Japan Japan trade surplus (m 1972) that has been a major factor m the United States world trade and monetary troubles. Particular Advantage at Chicago's Economists Continental Bank see a particular U.S. advantage in selling consumer durables (such as power tools), housing and equipment for sanitation and pollution control None of this should suggest that a vibrant Japan will suddenly become docile and noncompetitive. businessmen and economists warn For even if Japan does plow more of its wealth into improving its citizens' way of hie. its slowed rate of growth still could outstrip most other countries For the last decade Japan has grown at an average rate after of 10 percent a year allowing for inflation. Even if 5 grow th should slow to 6 per- as Rosovsky predicts, growth in the 1960s) and Ger- r Mr Call's Advisory Board term expired June 30. His was recomreappointment mended by Mayor Jake Garn. iisMMiri"1 Full Maintenance? 40,000-Mil- e Worranty? 6 Immediate Delivery? 6 Prompt Service? O low Payments? -- II Makes? .Call Steve Argyle lease Mgr. the-nee- ' g that would outstrip anything the United States (4 percent been three-yea- Hotel-buyin- cent, Reappointed DOU.JTirciL lAOTQtl 4? m 10 continental bank PHONE 359-773- 7 BLDG. you re nmy to ueea Japanese tourists are hitting the world in waves In 1972, 417.407 Japanese came to the United States, comapred with who went 326 540 Americans to Japan. Pail of the Japaand building nese boom has been to serve the Japanese tourist, especially in Guam and Havvau. 'Ate 2773 So. 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