We also agreed on an approach to correct the imbalance between the Japanese yen and the American dollar. Our currencies should reflect the political stability and economic strength that our two countries enjoy. In Japan's case this will mean a stronger yen, which means that American products will compete more effectively in world markets. Because of the breadth and comp xity of these issues, I intend to establish a management group, under the leadership of the Vice President, to assure essential followup action. If each side is willing to give a little, then all of us will gain a lot.
Diplomacy is important.
Strengthening the spirit of friendship is the best way to solve problems and create lasting partnerships. And I can't tell you how proud I was to have the historic opportunity to address the Japanese Diet and all the people of Japan. Those who disagree with the United States get plenty of publicity. This was certainly true in Japan and Korea. I was at one of the meetings in Korea, and I just assumed that Nancy was out sightseeing or probably even shopping for souvenirs.