On the recordJuly 9, 1992
You ask a lot of questions. What did you say? You have a followup? [Laughter] No, Brit [Brit Hume, ABC News], you get the followup. I think we do have a chance to get an agreement, and I think in part it is because we are coming to a common understanding that the serious imbalance in trade between our two nations cannot continue and that, in the end, it is not in the interest of either country. I met this morning with several hundred members of the American Chamber of Commerce here in Tokyo, people who are selling their products and services in this country. They pointed out and illustrated to me once again why more sales of American products in the Japanese market would be good for both countries. When these people come here, they hire Japanese people. They create jobs here in Japan. But as the market is opened up, the price of products and service and their variety is dramatically expanded--the price is driven down; the variety and number of services and products are expanded. So the Japanese people will win if we can correct this imbalance. And of course, the American people will win. It will mean lots more jobs for our folks. That's what I tried to say at Waseda University. I think that we are now coming to a common understanding that it is in the interest of both countries to change this policy. I think we're also coming to a common understanding that we have to try some new approaches, that Americans have had real increases in productivity and quality--we are now the high-quality, low-cost producer of many products and services--and that that alone is not going to be sufficient to change the market imbalance. And I think those two realizations give us a shot. And I'm hoping that we can move forward. What did I learn that I didn't know when I got here? I learned a lot more about the other world leaders. I got to know them all better. I got to understand more about where they're coming from, what their countries' problems and opportunities are, and what we can achieve together. I'm, frankly, more optimistic about our potential for common action than I was before I came here. I also feel much better about our long-term capacity to make some progress in our relationships with Japan. I was glad to be the first American President ever to address a university audience and to answer questions there. And I feel much more positively about that relationship than I did when I came here. And it is, perhaps, our most bilateral relationship. So that's very good. Russia
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