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Ministry of International Trade and Industry (MITI) |
 | | MITI also coordinated trade policy, on issues affecting their interests, with the Economic Planning Agency, the Bank of Japan, and the ministries of agriculture, construction, forestry and fisheries, health and welfare, posts and telecommunications, and transportation. |
 | | As trade issues broadened in scope, these other ministries became more important in international negotiating, so that in the late 1980s MITI had less control in formulating international trade policy than it had had in the 1950s and 1960s. |
 | | It did not managed Japanese trade and industry along the lines of a centrally planned economy, but it did provide industries with administrative guidance and other direction, both formal and informal, on modernization, technology, investments in new plants and equipment, and domestic and foreign competition. |
| www.fas.org /irp/world/japan/miti.htm (573 words) |
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