it can force countries in the region to move between the united kingdom and japan - - or sometimes between japan and brazil . and it would collapse whatever promise the newly born asia pacific economic cooperation ( apec ) had as a vehicle to preserve american merchant entry to the booming pacific markets . to risk all of this in the spirit of a failed concept is foolish . this is not to undermine the governor ' s understandable satisfaction with a persistently huge japanese traded surplus .
APEC is the newly born Asia Pacific Economic Cooperation.