| U.K. GROWING IMPATIENT WITH JAPAN - THATCHER | |
| Prime Minister Margaret Thatcher said | |
| the U.K. Was growing more impatient with Japanese trade | |
| barriers and warned that it would soon have new powers against | |
| countries not offering reciprocal access to their markets. | |
| She told Parliament that the bid by the U.K.'s Cable and | |
| Wireless Plc <CAWL.L> to enter the Japanese telecommunications | |
| market was being regarded by her government as a test case. | |
| "I wrote to the prime minister of Japan, Mr Nakasone, on the | |
| fourth of March to express our interest on the Cable and | |
| Wireless bid. I have not yet had a reply. We see this as a test | |
| on how open the Japanese market really is," Thatcher said. | |
| Thatcher told Parliament that "shortly ... We shall have | |
| more powers than we have now, when, for example the powers | |
| under the Financial Services Act and the Banking Act become | |
| available, then we shall be able to take action in cases where | |
| other countries do not offer the same full access to financial | |
| services as we do." | |
| Cable and Wireless is seeking a stake in the proposed | |
| Japanese telecommunications rival to Kokusai Denshin Denwa. | |
| But the Japanese minister for post and telecommunications | |
| was reported as saying that he opposed Cable and Wireless | |
| having a managerial role in the new company. | |