MULFORD SAYS GERMANY, JAPAN SHOULD DO MORE

  Treasury Assistant Secretary David
  Mulford said he did not believe that West Germany and Japan
  have yet carried out their international responsibilities.
      "I do not believe they have up to this time," Mulford told
  a Senate banking subcommittee.
      He said that for the U.S. trade deficit to continue
  improving in the next two years, "We need more policy actions"
  across the entire front of U.S. trade relations, including
  Canada and the newly-industrialized countries (NICS).
      In particular, he said, efforts by South Korea and Taiwan
  to strengthen their currencies were still disappointing.
      Mulford also said that OECD nations need to grow an average
  three pct to help resolve the international debt crisis.
      He noted that Japanese and European imports from Latin
  nations were significantly smaller than imports into the U.S.
      He stressed both Germany and Japan must continue to take
  economic and structural measures to ensure stronger sustained
  economic growth.
  

