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. • - - • • http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Collection: Paul A. Volcker Papers Call Number: MC279 Box 13 Preferred Citation: Japan, 1982 October; Paul A. Volcker Papers, Box 13; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University Library Find it online: http://findingaids.princeton.edu/collections/MC279/c267 and https://fraser.stlouisfed.org/archival/5297 The digitization ofthis collection was made possible by the Federal Reserve Bank of St. Louis. From the collections of the Seeley G. Mudd Manuscript Library, Princeton, NJ These documents can only be used for educational and research purposes ("fair use") as per United States copyright law. By accessing this file, all users agree that their use falls within fair use as defined by the copyright law of the United States. 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Mudd Manuscript Library 65 Olden Street Princeton, NJ 08540 609-258-6345 609-258-3385 (fax) firstname.lastname@example.org http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chai ri\Volcker - Itinerary Friday, October 8, 1982 6:00 PM 7:00 PM Depart from Butler Aviation on Tail #5829J (with Joe Coyne) Arrive Hot Springs, VA (Engels Field) Car will meet you Reservation at Homestead (703) 839-5500 Black tie Reception & Dinner October 9 PAV Talk to Business Council Press Conference Depart Arrive Depart Arrive NY Fed Engels Field on Colgan Airways #200 National Airport National on Eastern Shuttle New York, N.Y. car will meet you Sunday, October 10 10:00 AM 12:00 N NY Fed car will pick you up at apartment Depart Kennedy on PA #801 (with Messrs. Allison & Truman) Monday, October 11 2:35 PM Arrive Tokyo, Japan Reservation at Imperial Hotel (Phone: 03-504-1111) 7:30 Dinner hosted by Governor & Mrs. Mayekawa @ Bank's Guest House 7:00 Reception at Bank of Tokyo (for Messrs. Allison & Truman) (Bank of Tokyo car will pick you up at hotel) Tuesday, October 12 8:00 Meeting 11:00 AM Audience with His Majesty The Emperor (PAV) Reception following 12:30 PM Luncheon at Imperial Hotel hosted by Bank of Japan (PAV) 2:00 PM 4:30 5:30 PM 7:30 PM http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Cent.ennia.1 Celpb.ration of the Bank of Japan Meeting with Minister of Finance Watanabe (Central Bank Governors Prime Minister Suzuki (Central Bank Governors) Dinner - Bank of Japan at Tokyo Kaikan 1 2• Wednesday, October 13, 1982 8:30 AM 10:00 10:30 12:00 Breakfast - 'Takehiro Sagami, Sumitomo Bank (@ Imperial) Depart Hotel Mr. Hosomi, President Overseas Economic Cooperation Fund Luncheon hosted by Yasuke Kashiwagi, Chairman, Bank of Tokyo, at Bank (12th floor) 2:30 Finance Minister Watanabe at Finance Ministry 3:45 Mr. Michiya Matsukawa, Nikko Research Center, at Nikko Securities 5:00 Drinks - Mr. Soejima, President Nihon Hilton @ Imperial Hotel 5:30 Buffet Dinner - Bank of Japan @ Imperial Hotel 7:10 Theatre (Kabuki) Thursday, October 14 11:00 AM Mr. Inamura, Advisor, Long-Term Credit Bank of Japan (@ Bank) 12:30 PM Luncheon - Governor Mayekawa, Bank of Japan 3:00 Discussion Meeting - USIS @ Tokyo American Center 7:15 PM 6:45 PM Depart Tokyo on PA #800 (with Ted Truman*) Arrive New York (Kennedy) You will be cleared through Customs New York Fed car will meet you. *Ted Allison will return on PA #800 on Friday, October 15. Friday, Octobet 15 7:00 AM 8:00 AM Depart New York on Eastern Shuttle Arrive National Airport Car will meet you. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis moor http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis nip El *SIRli 9 Fa) fi Tci /KW z ffi \,• <W; ~4t7 8<tkiq ( 1- - .% 17'* http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Ce Official Ceremony (2 : 00 p.m. - 3 : 00 p.m.) Introductory Remarks Mr. Satoshi Sumita, Deputy Governor, the Bank of Japan Governor's Speech Mr. Haruo Mayekawa, Governor, the Bank of Japan Congratulatory Speech H. E. Mr. Zenko Suzuki, Prime Minister II H. E. Mr. Michio Watanabe, Minister of Finance If Mr. Yoshiro Araki, Chairman, the Federation of Bankers Associations of Japan Concluding Remarks Mr. Satoshi Sumita, Deputy Governor, the Bank of Japan Reception (3:00 p.m. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Celebration October 12 at the Bank of Japan Special Exhibition (1: 30 p.m. - 4: 30 p.m.) Main Items on Display: Historical material concerning the foundation of the Bank of Japan Japanese banknotes issued since the establishment of the Bank of Japan Japanese old coins and paper currency http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 9F Special Exhibition; Room \\ Reception Hail\ \N N elevators Rest /Room ..Rest Room '\777-777 .-N N :- 'Ceremony Hall- Waiting l_ounge, \•N '4•N ,N \—\ \ I\ elevators Rest Room http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1349 Q) Ak fti http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 3-<4 * .S*11-A V-il .//4 „.. 4. 7 s<e itfc 18\r-3 4ip F AS\ °711A1 tk" .k ec4/... i i ‘Vc 1 ^VA •-s- 4tfik-rk." t:7 ; fr:c ON " —I ScP ri4- 4.i—, ‘ 4 '- ft- NI http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis October 20, 1982 The Honorable Haruo Mayekawa Governor The Bank of Japan Tokyo, Japan Dear Mike: Your Centennial Anniversary Celebration was a great event, and I want to thank you for inviting me to take part in it. Your own hospitality and Mrs. Mayekawa's, together with the careful attention paid to us by your staff, made the week truly unforgettable. Let me thank you, too, for the beautiful mementos. They will occupy a very special place here at the Board where they will remind me often of the Bank of Japan's hospitality. With warm regards, Sincerely, TEA:PAV:ccm http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis October I14SA.r..1982 Mr. William L. McCamey Treasury Attache United States Embassy Tokyo, Japan Dear Mac: Thanks for all your help in connection with our visit to Tokyo last week. I'm aware of and appreciate the effort you went to in fitting my long list of meetings into a short schedule. It was very well done. And please extend my same thanks to Dick Woodworth. With kind regards, Sincerely, PAV:ccm 1•10 . • 6•311.4•641 r. • • October 8, 1982 To: Mr. Allison Mallardi Mr. Truman From: ,Charles J. Siegman ' that the Dick Woodworth has informed me ting with 3:30 a.m., Tuesday, October 12 mee s on the attached Ambassador Mansfield that appear ed. Woodworth schedule will have to be reschedul ting has been has been informed that another mee , according to scheduled for 8:00-9:00 a.m. that Woodworth, involves the Chairman. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis •-• • • •3• • • • ••• ' VkY "*.• •"' •t" ' 3 , • .1 • .••• _ ..Ctr ,•;^ "- . .• • •:•••••• •;4 ' i t• 1.,,t; • 10,r.44:5;: , •, A 'ykit • 44, cpilITED OFFICIAL, V,SE Auepartment of tate •• , • TOKYO PAGE 01 ACTION FRB-03 17541 01 OF 02 0683 080842Z WEDNESDAY, OCTOBER 13 - INCOMING TELEGRAM chew.. 0830 BREAKFAST HOSTED BY TAKEHIRO SAGAMI ADVISOR, SUMITOMO BANK (IMPERIAL HOTEL) 1000 DEPART HOTEL 1030 MEETING WITH TAKASHI HOSOMI, PRESIDENT OVERSEAS ECONOMIC COOPERATION FUND (AT PLACE TO BE FIXED) DEPT PASS FRB FOR SIEGMAN 1200 E.O. 12356: N/A TAGS: OVIP (PAUL A. VOLCKER), JA SUBJECT: VISIT BY FRB CHAIRMAN VOLCKER LUNCH HOSTED BY YASUKE KASHIWAGI CHAIRMAN, BANK OF TOKYO (AT BANK OF TOKYO) 1430 MEETING WITH MINISTER OF FINANCE MICHIO WATANABE (AT THE MINISTRY OF FINANCE) I. SUMMARY. THIS MESSAGE PROVIDES REVISED PROPOSED SCHEDULE FOR VISIT HERE OCT 11-14 OF CHAIRMAN VOLCKER, BASED ON OCTOBER 14 DEPARTURE DATE PROVIDED REF (B). THIS SCHEDULE SUPERSEDES THAT SENT REFTEL (A). END SUMMARY. 1530 1545 - DEPART MINISTRY OF FINANCE MEETING WITH MICHIYA MATSUKAWA MANAGING DIRECTOR NIKKO RESEARCH CENTER (AT NIKKO SECURITIES) 2. FOLLOWING IS PROPOSED SCHEDULE FOR CHAIRMAN VOLCKER OCT 11-14 VISIT. 1645 1700 DEPART NIKKO SECURITIES DRINKS WITH ARITOSHI SOEJIMA PRESIDENT, NIHON HILTON (AT IMPERIAL HOTEL) 1730 BUFFET DINNER OFFERED BY BOJ AT IMPERIAL INFO OCT-00 USIE-00 COPY-01 ADS-00 /022 W EB-08 EA-10 252770 COME-00 SSO-00 0808511 /12 0 0808241 OCT 82 FM AMEMBASSY TOKYO TO SECSTATE WASHDC IMMEDIATE 5578 LIMITED OFFICIAL USE SECTION 01 OF 02 TOKYO 17541 REF: (A) TOKYO 17339; (B) SIEGMAN/WOODWORTH TELCON MONDAY, OCTOBER 11 1435 ARRIVA PA 801 BANK OF JAPAN (130J) WILL MEET AND PROVIDE TRANSPORTATION TO IMPERIAL HOTEL 1700 ETA IMPERIAL HOTEL 1930 DINNER HOSTED BY BOJ GOVERNOR MAEKAWA AT AKASAKA PALACE TUESDAY, OCTOBER 12 0800 DEPART HOTEL 0830 AMBASSADOR MANSFIELD - U.S. EMBASSY 0900 RETURN TO HOTEL 1030 DEPART HOTEL 1100 AUDIENCE WITH EMPEROR, FOLLOWED BY RECEPTION (IMPERIAL PALACE) 1230 LUNCH HOSTED BY BOJ AT IMPERIAL HOTEL 1400 CENTENNIAL CEREMONY AT BOJ 1500 RECEPTION AT BOJ 1630 MEETING WITH MINISTER OF FINANCE WATANABE (WITH OTHER CENTRAL BANKERS) 1730 MEETING WITH PRIME MINISTER • SUZUKI (WITH OTHER CENTRAL BANKERS) 1830 RETURN TO HOTEL 1930 DINNER HOSTED BY GOVERNOR AND MRS. MAEKAWA AT TOKYO KAIKAN http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis LIMITED OFFICIAL USE LIMITED OFFICIAL USE • '• Departnient of State PAGE 01 ACTION FRB-03 INFO OCT-00 USIE-00 02 OF 17541 TOKYO COPY-01 /022 w ADS-00 02 COME-00 EA-10 252775 0 080824Z OCT 82 FM AMEMBASSY TOKYO TO SECSTATE WASHDC IMMEDIATE 0688 080843Z EB-08 080852Z /12 5579 • LIMITED USE OFFICIAL SECTION 02 OF 02 TOKYO 17541 HOTEL 1830 DEPART 1910-2130 KABUKI THURSDAY, OCTOBER HOTEL 14. 1030 DEPART 1100 MEETING WITH KOICHI INAMURA, ADVISOR LONG-TERM CREDIT BANK OF JAPAN (AT LTCB) 1200 1230 DEPART LTCB LUNCH HOSTED 1430 DEPART 1500-1600 DISCUSSION MEETING ARRANGED BY (TAC) TOKYO AMERICAN CENTER 1615 DEPART 1845 ETA 1915 DEPART - PA 800 HOTEL BY GOVERNOR MAEKAWA AT BOJ BOJ TAC FOR NARITA NARITA USIS AT AIRPORT AIRPORT MANSFIELD 4 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis INCOMING TELEGRAM LIMITED OFFICIAL USE SSO-00 ACTION ,COPY UNCLASSIFI ED UNITED STATES INFORMATION AGENCY I NG OM I NG TELEGRAM 060761 PAGE 01 EA -03 ACTION OFF ICE INFO TC0-01 DSO -02 D IS -01 1007 A2 ICA112 06/0121Z 8 R 060117Z OCT 82 FM AMEMBASSY TOKYO TO RUEHI A/USI A WASHDC 3745 INFO RUEHC/SECSTATE WASHDC 5447 BT UNCLAS TOKYO 17259 USIA FOR EA/FORSTER E. O. 12356: N/A VISIT BY FRB CHAIRMAN PAUL VOLCKER SUBJECT: TOKYO 16910 REF: 1. PLS PASS TO VOLCKER POST HAS ARRANGED FOLLOWING PROGRAM FOR VOLCKER:. OCT 14 1500-1600 DISCUSSION WITH SMALL GROUP (15-20) JAPANESE FROM VARIOUS F IELDS TO BE HELD AT THE TOKYO ALTHOUGH MEDIA REPRESENTATIVES WILL AMERICAN CENTER. NOT RPT NOT BE IN ATTENDANCE, VOLCKER SHOULD UNDERSTAND THAT HIS REMARKS WOULD BE CONSIDERED "ON THE RECORD". SIMULTANEOUS INTERPRETATION. HITCHCOCK BT t7259 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis UNCLASSIFI ED GM' ITirrrnwanimarmennornivazeirmiltirrInlir.7117.7117:1WMVITIrWr MITED OFFICIAc,VSE epartment of Nate H I PAGE Cl y TOKYO ACTION FRB -03 INFO OCT-00 /022 W 17339 01 OF 02 COPY -01 ADS-00 060929Z INCOMING TELEGRAM 0124 AT BANK OF TOKYO EE-08 EA-10 COME-00 ' USIE-00 WEDNESDAY, OCTOBER 13 (CONT'D) 1500 MEETING WITH MICHIYA MATSUKAWA,MANAGING DIR. NIKKO RESEARCH CENTER AT NIKKO SECURITIES 1700 DRINKS WITH ARITOSHI SOEJIMA, PRESIDENT NIHON HILTON AT IMPERIAL HOTEL DEPT PASS FRB FOR SIEGMAN 1730 BUFFET DINNER OFFERED BY BOJ AT IMPERIAL HOTEL E.O. 12356: N/A TAGS: OVIP (PAUL A. VOLCKER), JA SUBJECT: VISIT BY FRB CHAIRMAN VOLCKER 1830 DEPART HOTEL 1910-2130 KABUKI 140615 061031Z /13 P 0609221 OCT 82 FM AMEMBASSY TOKYO TO SECSTATE WASHDC PRIORITY 5481 LIMITED OFFICIAL USE SECTION 01 OF 02 TOKYO 17339 REF: (Al TOKYO 16910; (B) SIEGMAN-WOODWORTH TELCON THURSDAY, OCTOBER 14 1. SUMMARY. THIS MESSAGE PROVIDES PROPOSED SCHEDULE FOR VISIT HERE OCT 11-15 OF CHAIRMAN VOLCKER AND REQUESTS GUIDANCE CONCERNING THE POSSIBILITY OF THE CHAIRMAN'S MEETING WITH THE PRESS DURING HIS VISIT. END SUMMARY. 1030 DEPART HOTEL 1100 MEETING WITH KOICHI INAMURA, ADVISOR LONG-TERM CREDIT BANK OF JAPAN AT THE LTCB 2. FOLLOWING IS PROPOSED SCHEDULE FOR CHAIRMAN VOLCKER'S OCT 11-15 VISIT. 1230 LUNCH HOSTED BY GOVERNOR MAEKAWA AT BOJ MONDAY, OCTOBER 11 1430 DEPART BOJ 1435 ARRIVE PA 801 BANK OF JAPAN (80J) WILL MEET AND PROVIDE TRANSPORTATION TO IMPERIAL HOTEL 1700 1930 ETA IMPERIAL HOTEL DINNER HOSTED BY BOJ GOVERNOR MAEKAWA AT AKASAKA PALACE 1500-1600 DISCUSSION MEETING TUESDAY, OCTOPER 12 1030 DEPART HOTEL 1100 AUDIENCE WITH EMPEROR, FOLLOWED BY RECEPTION 1230 1400 LUNCH HOSTED BY BOJ AT IMPERIAL HOTEL CENTENNIAL CELEBRATION AT BOJ 1500 RECEPTION AT BOJ 1630 MEETING WITH MINISTER OF FINANCE WATANABE (WITH OTHER CENTRAL BANKERS) 1730 MEETING WITH PRIME MINISTER SUZUKI (WITH OTHER CENTRAL BANKERS) 1830 RETURN TO HOTEL 1930 DINNER HOSTED BY GOVERNOR AND MRS. MAEKAWA AT TOKYO KAIKAN WEDNESDAY, OCTOBER 13 0830 1000 DEPART HOTEL FOR ZAMA TOUR OF NISSAN AUTOMOBILE PLANT 1100 LEAVE TOUR OF NISSAN PLANT FOR TOKYO 1230 LUNCH HOSTED BY YASUKE KASHIWAGI, CHAIRMAN BANK OF TOKYO http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis LrilITEP OFFICIAL USE ARRANGED BY USIS AT 1.JMITED OFFICIAL USE iiepartrnent of state -•. 17339 TOKYO PAGE 01 t. ACTION FRB-03 INFO COPY-01 OCT-00 /022 W 02 OF ADS-00 02 EA-10 140616 P 060922Z OCT 82 FM AMEMBASSY TOKYO TO SECSTATE WASHDC PRIORITY LIMITED OFFICIAL USE 1630 MEETING AT MOF 1700 DEPART 1900 FRIDAY, WITH MOF CENTER MINISTER FOR COME -00 061032Z /13 5482 SECTION 02 OF TOKYO AMERICAN 0127 060930Z EB-08 02 TOKYO 17339 (TAC) OF IMPERIAL FINANCE WATANABE HOTEL DINNER HOSTED BY TAKEHIRO SAGAMI, SUMITOMO BANK AT KITCHO RESTAURANT OCTOBER 15 ADVISOR 0830 0900 DEPART HOTEL MEETING WITH 1230 LUNCH HOSTED BY TAKASHI HOSOMI, PRESIDENT OVERSEAS ECONOMIC COOPERATION FUND AT CROWN RESTAURANT, PALACE HOTEL 1615 DEPART IMPERIAL 1915 DEPART TOKYO - AMBASSADOR HOTEL MANSFIELD FOR NARITA AT EMBASSY AIRPORT PA 800 MOF VICE MINISTER WATANABE 3. COMMENTS ON SCHEDULE. WILL BE OUT OF THE COUNTRY FOR MOST OF THE PERIOD OF MR. VOLCKER'S VISIT, AND WE WERE UNABLE TO WORK OUT MUTUALLY AVAILABLE TIME FOR A MEETING DURING THE WE HAVE CONTACTED PERIOD WHEN BOTH WOULD BE IN TOKYO. BANK OF TOKYO REGARDING THE POSSIBILITY OF STARTING THE LUNCH ON WEDNESDAY LATER IN ORDER TO FACILITATE THE CHAIRMAN (AND ALLISON'S) PARTICIPATION IN THE NISSAN PLANT, AND HAVE TENTATIVELY VISIT TO ZAMA THIS WOULD ALLOW ABOUT WORKED OUT A 1230 P.M. START. A ONE HOUR TOUR OF THE NISSAN FACILITY. TO DATE, EMBASSY PRESS OFFICE HAS RECEIVED INTERVIEW 4. REQUESTS FROM THE TOKYO BUREAUS OF AP, AP-DOW JONES AND IN ADDITION, THE TOKYO FOREIGN THE NEW YORK TIMES. CORRESPONDENTS CLUB IS INTERESTED IN HAVING MR. VOLCKER PARTICIPATE IN AN INFORMAL Q AND A SESSION WITH ITS MEMBERSHIP FROM 2-3 P.M. ON ANY DAY HE MIGHT BE AVAILFOREIGN CORRESPONDENTS CLUB ABLE WHILE IN TOKYO. REQUEST WOULD BE APPROPRIATE AND CONVENIENT WAY OF SATISFYING SUBSTANTIAL INTEREST AMONG RESIDENT U.S. ANOTHER ALTERNATIVE WOULD BE MEETING MEDIA IN VISIT. AT EMBASSY WITH INTERESTED U.S. PRESS, PERHAPS FOLLOWING PLEASE ADVISE. MEETING WITH AMBASSADOR FRIDAY MORNING. WE HAVE ALSO BEEN ASKED WHETHER VOLCKER PLANS TO PRESENT FORMAL MESSAGE OF CONGRATULATIONS TO BANK OF JAPAN THAT MIGHT BE MADE AVAILABLE TO PRESS HERE. SEPTEL WILL 5. PRINTING BUREAU FOLLOW REGARDING FOR MR. ALLISON. APPOINTMENT WITH MOF MANSFIELD http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis INCOMING TELEGRAM I !MITE!) OFFICIAL USE USIE-00 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis tal AGT flt COPY Li 1:1 LI 11 r..4 La Li LI U UNCLASS(FLED Deparinient of State INCOMING TELEGRAM PACE 01 TOKYO 16910 300913Z 8278 • ACTION FRB-01 INFO OCT-00 COPY-01 ADS-00 EB-08 EA-12 COME-00 SSC-00 /022 W 307332 300915Z /10 0 300911Z SEP 82 FM AMEMBASSY TOKYO TO SECSTATE WASHDC IMMEDIATE 5308 INFO USIA WASHDC 3678 UNCLAS TOKYO 16910 DEPT PASS FRB SIEGMAN OPENING OF BUSINESS SEPT 30 USIA FOR EA/FORSTER E. 0. 12356: N/A TAGS: OVIP PAUL A. VOLCKER), JA SUBJECT: VISIT BY FRB CHAIRMAN VOLCKER REF: (A) TOKYO 265805, (B) TOKYO 16673 1. IN PROCESS OF DEVELOPING SCHEDULE FOR CHAIRMAN VOLCKER'S VISIT PER REFTEL (A), SEVERAL QUESTIONS HAVE ARISEN ON WHICH EMBASSY WOULD APPRECIATE THE CHAIRMAN'S VIEWS. 2. USIS WOULD OE PLEASED TO SET UP A DISCUSSION MEETING LASTING PERHAPS ONE AND ONE-HALF TO TWO HOURS WITH A GROUP OF KEY GOVERNMENT OFFICIALS, BUSINESSMEN, AND OTHER JAPANESE CONCERNED WITH ECONOMIC AFFAIRS. USUAL FORMAT FOR THIS TYPE OF MEETING INVOLVES A 20-25 C_A-N MINUTE PRESENTATION BY THE GUEST OF HONOR, FOLLOWED BY DISCUSSION LED DY A JAPANESE MODERATOR, WITH QUESTIONS FROM AN AUDIENCE OF PERHAPS 35-40 PERSONS. USIS CAN SUPPLY SIMULTANEOUS INTERPRETING. EEST TIME WOULD BE • EITHER THE AFTERNOON OF OCTOBER 14 OR OCTOBEP 15. CHIEF JUSTICE BURGER PARTICIPATED IN SUCH A DISCUSSION MEETING DUPING HIS VISIT IN SEPTEMBER 1981. 3. THE AMERICAN CHAMBER OF COMMERCE IN JAPAN HAS ALSO ASKED WHETHER CHAIRMAN VOLCKER WOULD BE WILLING TO ADDRESS A LUNCHEON MEETING OF THE CHAMBER ON THURSDAY, OCTOBER 14. THE CHAMBER HERE IS VERY ACTIVE AND REGULARLY PROVIDES A FORUM FORSENIOR USG OFFICIALS AND BUSINESS LEADERS TO PRESENT THEIR VIEWS (PRIMARIL) TO THE AMERICAN BUSINESS COMMUNITY HERE. 4. IN CONNECTION WITH THE LATTER POSSIBILITY, CHAIRMAN VOLCKER SHOULD BE AWARE THAT GOVERNOR MAEKAWA HAS INVITED HIM TO LUNCH THE SAME DAY (OCTOBER 14). UNFORTUNATELY, NEITHER GOVERNOR MAEKAWA OR THE ACCJ WOULD BE ABLE TO SHIFT THEIR FUNCTION TO FRIDAY, OCTOBER 15. 5. WOULD APPRECIATE ADyICE AS MANSFIELD iii.',GLASS IF 1ED UNCLASSIFIED Department of State PAGE 01 ORIGIN EA-12 INFO OCT-00 STATE 265805 OUTGOING TELE R 3118 CHAIRMAN VOLCKER ALSO LOOKS FORWARD TO OPPORTUNITY FOR A MEETING WITH AMBASSADOR MANSFIELD DURING HIS VISIT. 6. COPY -01 ADS-00 FRB -01 /014 R 7. REQUESTS FOR ASSISTANCE IN MAKING APPOINTMENTS FOR MR. ALLISON WILL FOLLOW. DRAFTED B EA/J:M VAET :EH APPROVED Y EA/J:L F RRAR ! 330376 220234Z /66 0 212233 SEP FM SECST TE WII6HOC TO AMihBA'YJ.KYO IMMEDIATE E. RESPONSE SHOULD BE SLUGGED FOR PASSING TO CHARLES SIEGMAN AT FEDERAL RESERVE BOARD. FURTHER INFORMATION MAY BE OBTAINED FROM EITHER MR. SIEGMAN 1452-3303) OR CHAIRMAN VOLCKER'S ASSISTANT, MRS. MALLARD! (452-3201). UNCL AS STATE/ 265805 SHULTZ FOR TREASURkAL4115 ....YILLIAM L. MCCAMEY E.O. 12356: N/A TAGS: OVIP (PAUL VOLCKER), JA SUBJECT: VISIT BY FRB CHAIRMAN PAUL A. VOLCKER 1. DEPARTMENT HAS BEEN ASKED BY THE FEDERAL RESERVE BOARD. TO PAS THE FOLLOWING INFORMATION AND REQUESTS 10 EMBASSY TOKYO. 2. FEDERAL RESERVE BOARD CHAIRMAN PAUL A. VOLCKER WILL VISIT JAPAN TO ATTEND THE CENTENNIAL CELEBRATION OF THE EANt OF JAPAN. CHAIRMAN VOLCKEF WILL BE ACCOMPANIED BY THEODORE E. ALLISON, STAFF DIRECTOR FOR FEDERAL RESERVE BANh ACTIVITIES, FEDERAL RESERVE BOARD. 3. CHAIRMAN VOLCKER AND MR. ALLISON ARE SCHEDULED TO ARRIVE IN TOtYO ON PA 621 ON OCTOBER 11 AT 2:35 P.M. AND ARE SCHEDULED 10 DEPART ON PA 800 ON OCTOBER 15 AT 7:15 P.M. BANK OF JAPAN IS ARRANGING 70 MEET CHAIRMAN VOLCKER AND MR. ALLISON ON ARRIVAL, AND HAS MADE RESERVATIONS FOR THEM AT IMPERIAL. HOTEL. 4. CHAIRMAN VOLCKER'S CURRENT SCHEDULE IN JAPAN INCLUDES THE FOLLOWING: OCTOBER 11 - OCTOBER 12 - 11:00 A.M. AUDIENCE WITH THE EMPEROR AND RECEPTION 7:00 P.M. DINNER HOSTED BY GOVERNOR MAYEKAWA 2:00 P.M. CENTENNIAL CELEBRATION EVENING - DINNER OCTOBER 13 - MORNING - TOUR OF NISSAN PLANT AND KAMAKURA LUNCHEON WITH MR. KASHIWAGI, BANK OF TOKYO EVENING - "KABUKI" THEATRE 5. CHAIRMAN VOLCKER WOULD LIKE 10 UTILIZE VISIT TO JAPAN TO RENEW OLD ACQUAINTANCES WITH FORMER GOVERNMENT OFFICIALS NOW IN THE PRIVATE SECTOR, CHAIRMAN VOLCKER WOULD APPRE CIATE TREASURY ATTACHE'S ASSISTANCE IN ARRANGING MEETINGS (INCLUDING LUNCHEONS OP DINNER) WITH FORMER MINISTRY OF FINANCE VICE MINISTER::, TAKASHI HOSOMI, KOICHi INAMURA, MICHIYA MATSUKAIWA, AND TAKEN IRO SAGAMI, AND MR SOEJIMA (FORMER MINISTER IN THE JAPANESE EMBASSY IN WASHINGTON). AN APROINTMENT FOR A PRIVATE MEETING WITH GOVERNOR MAYEKAWA WOULDfALSO BE APPROPRIATE. CHAIRMAN VOLCKER IS AVAILABLE FOR SUCH APPOINTMENTS ON WEDNESDAY ;OCTOBER 13) AFTERNOON FOLLOING KASHIWAGI LUNCHEON AND BEFORE THEATRE, ALL DAY THURSDAY (OCTOBER 141, AND ALL DAY (BEFORE DEPARTURE) FRIDAY (OCTOBER 15). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis UNCLASSIFIED ",""dik Department of State PAGE 01 ACTION EA -12 INFO OCT 00 TOKYO 16673 280830Z COPY -01 ADS -00 FRB -01 _./ g R 280729Z SEP 82 FM AMEMBAS TOKYO TO SECSTATE WA HDC 5197 UNCL AS' TOKYO 11E0MIUG TELEG[WI 8388 /014 W 266473 2808591 /12 6673 DEPT PASS FEDERAL RESERVE E. O. 12356: N/A TAGS: OV I P (PAUL VOLCKER) , JA SUBJECT: VISIT BY FRB CHAIRMAN PAUL A. VOLCKER REF: STATE 265805 1.• EMB WELCOMES VISIT TO JAPAN OF FRB CHAIRMAN VOL CKER AND THEODORE ALL I SON. WE ARE IN THE PROCESS OF ARRANGING APPO I NTMENTS REQUESTED REF TEL AND WI LL ADVISE PROPOSED SCHEDULE SHORTLY. 2. FRB OFFICIALS ARE REMINDED APPROPRIATE VISAS ARE REQUIRED TO ENTER JAPAN. 3. CONTROL OFF I CER FOR VISIT IS ASST. F I NATT DICK WOODWORTH (OFFICE PHONE: (03) 583-7141 ; EXT 7805 ; HOME PHONE: . -7gd N1ANSF I ELD http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis --7/ ( 6 ' , 4 Itte UNGLASSIFIEn • P•mINIF"' THE BANK OF JAPAN TOKYO HARUO MAYEKAWA CPO BOX 203 GOVERNOR TOKYO, 100-91 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis TEL. 279-1111 17th September 1982 Dear Mr. Volcker, I am most delighted to know that you accepted my invitation to an informal dinner on Monday, 11th October. My wife and I hope very much that you will enjo y Japanese dishes and make yourself comfortable with a limited number of our closest friends; H.E. Sheikh & Mrs. Abdul Aziz AlQuraishi Dr. & Mrs. Fritz Leutwiler Mr. & Mrs. Karl Otto Pohl The Rt.Hon. & Mrs. Gordon Richardson The dinner will start at 7:30 p.m. at our Guest House, a Japanese -styled residence with a traditio nal garden. The transportation will be arranged at around 7:15 p.m. from the Imperial Hotel or wherever you wish . Looking forward to seeing you very soon, and with best personal regards, Sincerely yours, Mr. Paul A. Volcker Chairman Board of Governors of the Federal Reserve System c-,rn =,;.= -;.,1 7 Z. I :Vs .:t i.-0 — ..,, r1 t: -,• ,--i *.,..; ....,• THE BANK CAP Toxyo, LTD. 100 BROADWAY, NEW YORK, N.Y. 10005 September 17, 1982 -1* JIRO ISHIZAKA RESIDENT MANAGING DIRECTOR FOR THE AMERICAS Mr. Paul A. Volcker Governor The Federal Reserve Board Constitution Ave., & 20th Street, N.W. Washington, D.C. 20551 Dear Mr. Volcker: We wish to refer to a previous invitation extended by our Chairman, Mr. Yusuke Kashiwagi, regarding a luncheon on Wednesday, October 13th, during your visit to Japan in connection with The Bank of Japan's Centennial. We understand that your acceptance is based on your schedule permitting. Also, we have received the following telex message from our Head Office in Tokyo regarding a reception on Monday, October 11th and which we quote as follows: 4-4 QUOTE FOR MR. PAUL A. VOLCKER, GOVERNOR, FEDERAL RESERVE BOARD I AM HAPPY TO LEARN THAT YOU WILL BE IN TOKYO FOR THE CELEBRATION OF THE CENTENNIAL OF BANK OF JAPAN STOP TO COMMEMORATE THIS OCCASION, I AM PLANNING A SMALL GATHERING FOR THE CENTRAL BANK GOVERNORS AND THEIR WIVES AND WOULD BE MOST HONOURED IF YOU COULD KINDLY JOIN ME AND THE DIRECTORS OF OUR BOARD AT A RECEPTION ON MONDAY, OCTOBER 11 FROM 7:00 P.M. AT THE BANK'S GUEST HOUSE STOP YOUR COLLEAGUES, ACCOMPANYING YOU TO THE CELEBRATION OF BANK OF JAPAN ARE ALSO MOST CORDIALLY INVITED STOP THOUGH I PRESUME YOUR SCHEDULE HAS NOT YET FINALIZED, I LOOK FORWARD TO YOUR FAVOURABLE REPLY AT YOUR EARLIEST CONVENIENCE STOP I WOULD ALSO APPRECIATE YOUR INFORMING ME WHO http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Continued • • To: Date: Sept. 17, 1982 Mr. Paul A. Volcker Governor The Federal Reserve Board - 2 - WILL BE ACCOmPANYING YOU TO THE RECEPTION BEST REGARDS YUSUKE KASHIWAGI CHAIRMAN OF THE BOARD OF DIRECTORS BANK OF TOKYO UNQUOTE In closing, may I express my personal good wishes for a pleasant and enjoyable trip. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Sincerely yours, J. Ishizaka Resident Managing Director \`'eirispapers TOKYO. JAPAN EXECUTIVE OFFICES September 17, 1982 Mr. Paul A. Volcker Chairman Board of Governors of the Federal Reserve System Washington, D.C. 20551 U.S.A. Dear Mr. Volcker: We have learned that you are coming to Tokyo to participate in the centennial anniversary celebration of the Bank of Japan on October 12. We would be much obliged if you can spare us about one hour during your stay in Tokyo for an exclusive interview with you. The world economy has been in the doldrums since the fitst oil crunch, with industrially advanced nations suffering from economic recession and developing nations facing a huge amount of debts due to the decline of prices of primary products. "How can we find a breakthrough in such economic situations?" This will be our main question. The Mainichi Shimbun (newspaper) is one of leading newspapers in Japan with a daily circulation of about 4.5 million and its financial stories are noted for accuracy. Sincerely yours, Reizo Utagawa CPO 44. • r1/4 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Economic Editor The Mainichi Newspapers Tokyo, Japan ( 1-1-1 Hitotsubashi, Chiyoda-ku, Tokyo • Telephone 212-0321 CUL Lis-t ETAT September , 1982 Golprnor Haruo Mayekawa Bankoof Japan Totsukuni Telex o. J 227r3 As we have already inforqed your office, I will be acc in Tokyo durinl the week of October 11-15 by r. The ompanied odo Allison, the goard's Staff Director for Federal Reserv re E. e Bank Activities. Mr. Allison's responsibilities incluA Federal Reserve's currency issuance functions and e the he wou like to arrange to meet luring that week with your staff ld members resuonsible for currency matters. We are interested In learning &Lout your 3ank's pro program of new banknote designs asgress in implementing the currency aersonnel LID to date on thewell as bringing your United States progress In that area. Mr. Allison will separately inform hr. Tsuchiya, Deputy Director of the Bank's Cash (*Partmen t (whom he knows from the Pacific Rim Banknote Printers Conference) of his plans to be in Tokyo. It might te most convenient for you to work with Mr. Allison in arrang r Bank's New York officv ing a specific schedule of http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 3 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis ETAT meetings. Meanwhile, if your staff neels to contact Mr. Allison directly, his cable address is Theodore F. Allison Staff Cirector for Federal Reserve sank Activities FEDRESERVE Tlx No. 197663 FEDR UT I would greatly appreciate any courtesies that may be extended to Mr. Allison in order to make his meetings there useful. With warmest records. 3 TEAllison:red 3 Paul A. Volcker FEDRESERVE BOARD OF GOVERNORS OF THE • FEDERAL RESERVE SYSTEM Office Correspondence To From http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis Chairman Volcker Mae June 8, 1982 Subject: Theodore E. Allison Paul -I have noticed on the attended schedule your tentative plans to visit the Bank of Japan in October. At the risk of seeming presumptuous, and assuming that you will wish to be accompanied by a member of the staff, may I request that you consider my accompanying you. Japan is well along on plans to replace its currency with a totally new design. They are perhaps a year and a half ahead of us, and we could learn a great deal from them for our own program -- especially, at this stage. (Members of our staff held similar discussions with several European central banks this spring and found them very helpful.) I am not prepared to suggest a special trip to Japan just for that purpose, but if some other purpose could also be served -- such as accompanying you on your trip -- then I think it would be most worthwhile. I have spoken to Ted Truman about this and he sees no problem. He had not planned to participate. 1. THE BANK OF JAPAN - TOKYO ISti HARUO MAYEKAWA GOVERNOR http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis SEP -7 efrtCi Mk.12•• 53 PO BOX 203 4411YE-‘3 ligOk !.. Etts t TOKYO, 100 91 ur TEL. 279-1111 September 1, 1982 Dear Mr. Chairman, In addition to the audience with His Majesty the Emperor on the occasion of our forthcoming Centenary, I am now making arrangements for a visit of my guest Governors to Prime Minister Zenko SUZUKI and Finance Minister Michio WATANABE during the afternoon of October 12, 1982. I would like to ask the Governors to start at about 4:00 p.m. just after our official ceremony and reception at the Bank and they will be able to return to their Hotel shortly after 6:00 p.m. Transportation will be provided. I hope you will be able to join us in the above programme. Sincerely yours, /42?-v7 Mr. Paul A. Volcker Chairman Board of Governors of the Federal Reserve System P.S. The dinner will be moved down from 7:00 to 7:30 p.m. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis -rHE BANK OF JAPAN TOKYO July 30, 1982 Dear Sir, I would like to inform you that Governor Mayekawa is now making an application to the Imperial Household Agency for an audience with His Majesty the Emperor for Governors and their spouses who are S articipating in our centennial celebration. The audience will be scheduled at 11:00 a.111„. on Tuel_LE, 12th October followed by a small reception unTiaround -noanT— I would appreciate if you let us know at your earliest convenience whether your Chairman will attend the audience. It takes about 15 minutes from the Imperial Hotel to the Imperial Palace by bus which we will provide. Dress Gentlemen Ladies ,dark suit or national costume informal dress costume 0r national May I add that informal dress is also advised on the occasions of the official ceremony and the dinner on the 12th. With best regards, Sincerely yours, Takuji Tsuchikane Chief Secretary ---1 r11 • 11 GO Mr. William Secretary Board of Governors of the Federal Reserve System P.S. We are asked by the Imperial Household Agency to treat the audience confidentially at this stage. ti0 GIP 1 ,- cl ...., ....-_.. (....) -- S. ,-r-(.- -2 ,...••., .. ,y http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis THE BANK OF JAPAN TOKYO July 2, 1982 Dear Sir, Concerning our Centenrial Anniversary on Octohrq—r2 2 1982, we understand that your Chairman cannot give us, Moo present, definite reply for our invitation to the festJvi4iQs-;-,7,i However, I am taking the liberty of informing you about Hcier'_ provisional schedule, and Governor Mayekawa and all his N staff members sincerely hope that your Chairman will be si0014) —4 to join us on that occasion. 1. October 12 (Tuesday) As Governor Mayekawa has referred in his letter of invitation on 27th January, we are planning an official ceremony and reception during the afternoon. A sightseeing tour in Tokyo will be arranged for spouses. 2. October 13 (Wednesday) The governors and their spouses and other members of the parties are invited to the following programs. As it will be a rather heavy schedule, the governors and other guests can choose whichever program they will like to take part in. i) The modern plant of Nissan Motor Inc., near Tokyo, and Kamakura, an old city of Shogun Era by bus. ii) Trip to Nikko - There may be guests who have already visited an automobile factory or Kamakura. We are prepared to arrange a sightseeing tour to Nikko (all day trip) to enjoy a visit to the ancient shrine of Shoguns, a scenery of mountains and Lake Chuzenji. I• I • • http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 2 ) 3. Kabuki at Tokyo, a colorfulclassical drama with old music and dance in the evening October 14 (Thursday) - 15 (Friday) For the guests who wish and are able to stay in our country after October 14, we are prepared to arrange a short trip to Kyoto, our ancient capital city, if requested. For your information in'ternational flights from Japan are available at Osaka International Airport (about 1:30 hours drive from Kyoto), and the guests will be able to fly home immediately after their visit to Kyoto. It is one of the best seasons for a sightseeing in Kyoto as well as in Tokyo and early hotel reservation is required for this period. We appreciate very much if you could let us know, as soon as possible, the schedule of your Governor, even though it is tentative at this stage, so that we could proceed with necessary arrangements for him to enjoy a pleasant stay. May I ask you, in this connection, if you would kindly send a photograph of your Governor with his short curriculum vitae. In addition, we would be grateful if we could confirm whether his spouse and who else will accompany him. Hotel Accommodations in Tokyo have already been reserved at the Imperial Hotel Si. (Address: 2-2-1, Uchisaiwai-cho, Tokyo, Telex: IMPHO J 222-2345, Tel: (03)-504-1111). If you have any problem or any question, please do not hesitate to contact me. Sincerely yours, Takuji Tsuchikane Chief Secretary Mr. William W. Wiles Secretary, Office of the Secretary Baord of Governors of the Federal Reserve System Provisional Schedule October 12, 1982 Governors Spouses 13:30 Leave Hotel 13:30 Leave Hotel 14:00-15:00 Official Ceremony (at the Bank of Japan) 14:00-16:30 Sightseeing & Shopping in Asakusa (downtown Tokyo) 15:00-16:00 Reception (at the Bank of Japan) 16:45 Visit the Tazaki Pearl & Co. Return to Hotel - Demonstration of the Pearl Proccessing and Flower Arrangements 16:45 Return to Hotel 18:45 Leave Hotel 19:00 Dinner hosted by Governor and Mrs. Mayekawa for the Governors and their Spouses at Tokyo Kaikan http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis October 13, 1982 - Program A 9:00 Zama Plant of the Nissan Motor Co.,Ltd. and Kimakura Leave Hotel - by bus 10:00 Zama Plant of the Nissan Motor Co.,Ltd. 13:00 Kamakura Luncheon Sightseeing - Tsurugaoka Hachimangu Shrine, etc. 17:30 Return to Hotel Dinner (buffet) served 20:00 "Kabuki" Play (music and dance) 22:00 Return to Hotel Program B http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis - Nikko 8:50 Leave Hotel 9:20 Leave Asakusa 11:00 - by train Nikko Luncheon Sightseeing - Toshogu Shrine, Lake Chuzenji, etc. by 17:00 Leave Nikko - 18:45 Arrive at Asakusa 19:30 Return to Hotel train ("Kabuki" Play also prepared for the guests if requested - snack served on the train) Sightseeing Program in Kyoto October 14 - 15, 1982 October 14 (Thu) 9:00 11:50 Leave Tokyo by "Shinkansen" Arrive at Kyoto Sightseeing by bus - Kyoto Imperial Palace and Heian Shrine 19:00 Dinner at Japanese Restaurant - Accomodation: Miyako Hotel- ( Address: Keage, Sanjo, Higashiyama-ku ) Kyoto ( Telex: MIYAKO J 542-2132 ( Tel: (075)-771-7111 October 15 (Fri) http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 9:30 Leave Miyako Hotel Sightseeing by bus - Nijo Castle, Kinkaku-ji Temple, etc. Luncheon 16:30 Return to Miyako Hotel Febunary 10, 1982 The Honorable Haruo Mayekawa 1101111111188.8.131.521.111111O1NIMID Governor The Bank of Japan Tokyl, Japan Dear Governor Nayekawa: I was delighted to learn of your Centennial and will try my best to be there. Let's wait a bit before trying to make arrangements more definitive, but I have it marked on my calendar. I would be delighted to have the opportunity=to renew old friendships and acquaintances in Japan. Sincerely, PAV:ccm #26 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis THE BANK OF JAPAN TOKYO 1982 FEE': P:51 CPO BOX 203 HARUO MAYEKAWA http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis TOKYO, 100-91 GOVERNOR TEL. 279-1111 27th January 1982 Dear Mr. Volcker, The year 1982 commemorates the Centennial Anniversary of the Bank of Japan. We shall be celebrating this centenary on Tuesday, 12th OcI2t2L.Al..2:00 p.m. with representatives of financial and other circles in Japan, as well as with my colleagues in the international monetary and financial fields. I would feel very much honoured if you could join in the festivities. Should you be able to come to Tokyo, I should wish that your wife would join you at the dinner on that evening which I shall be hosting in honour of my friends from abroad. I might add that a sightseeing tour will be arranged for the ladies during the day. For Wednesday, 13th October, we are planning tours around Tokyo, to modern factories or to historical places, and you will be invited to watch Kabuki, a colorful classical drama of Japan, in the evening. My staff members and I would be most happy to assist you in any way we can regarding your stay in Japan, including hotel reservations in Tokyo. Please let us know your requirements as far in advance as possible. I look forward to seeing you at this milestone in our history, and I would be very much obliged if you would kindly let me have your reply at your earliest convenience. Sincerely yours, Mr. Paul A. Volcker Chairman Board of Governors of the Federal Reserve System