World: Japan Gears Up to Prevent American-Style Recession
Û÷Japan soon will unveil an eight-point program to prevent the recession gripping the United States from encroaching on the prosperous Japanese, financial sources said yesterday:</br></br>The plan is seen as a last-ditch effort by worried leaders of the ruling Liberal Democratic Party to fulfill their campaign promises to hold consumer goodsÛª prices steady while increasing real wages.</br></br>Economists have forecast a 4 percent growth rate in gross national Ptfuluct this year, an enviable pace hv American standards but slow for Japan.</br></br>CHINA-U.S. TRADE: In the latest of a series of Cabinet announcements concerning U.S. advantages gained from friendly relations with the PeopleÛªs Republic of China, Commerce Secretary Philip Klutz-nick said yesterday that AmericaÛªs trade with China will reach about $4 billion this year. By 1985 the total value of two-way trade between both nations could reach $10 billion, Klutznick added.</br></br>The two-way U.S.-China trade approached $2 billion during the first six months of 1980, the Commerce Department said. American exports jumped from $700 million in the first