BAKER SEES LOWER JAPANESE TRADE SURPLUS
U.S. Treasury Secretary James Baker
said the Japanese trade surplus would begin to decline this
year.
    He told the National Newspaper Association "You're going to
see a reduction in the Japanese trade surplus -- some of it
this year".
    But he said the reduction would be due principally to the
exchange rate shifts since the Plaza Agreement, and these
shifts would take a long time to work their way through the
system.
 Reuter
