For his part, Yamata neither knew nor wanted to know what Searls would do. Had this been a screen drama, he would have arranged for the man’s life to end, but it would have been dangerous. There was always the chance that there might be more than one egg in the nest, wasn’t there? Yes, there had to be. Besides, there was honor to be considered. This entire venture was about honor.
“The second third of the funds will be transferred in the morning. When that happens, I would suggest that you execute your plans.” Ronin, Yamata thought, but even some of them were faithful after a fashion.
“Members,” the Speaker of the House said after Al Trent had concluded his final wrap-up speech, “will cast their votes by electronic device.”
On C-SPAN the drone of repeated words was replaced by classical music, Bach’s Italian Concerto in this case. Each member had a plastic card—it was like an automatic teller machine, really. The votes were tallied by a simple computer displayed on TV screens all over the world. Two hundred eighteen votes were needed for passage. That number was reached in just under ten minutes. Then came the final rush of additional “aye” votes as members rushed from committee hearings and constituent meetings to enter the chamber, record their votes, and return to whatever they’d been doing.
Through it all, Al Trent stayed on the floor, mainly chatting amiably with a member of the minority leadership, his friend Sam Fellows. It was remarkable how much they agreed on, both thought. They could scarcely have been more different, a gay New England liberal and a Mormon Arizonan conservative.
“This’ll teach the little bastards a lesson,” Al observed.
“You sure ramrodded the bill through,” Sam agreed. Both men wondered what the long-term effects on employment would be in their districts.
Less pleased were the officials of the Japanese Embassy, who called the results in to their Foreign Ministry the moment the music stopped and the Speaker announced, “HR- 12313, the Trade Reform Act, is approved.”
The bill would go to the Senate next, which, they reported, was a formality. The only people likely to vote against it were those furthest away from reelection. The Foreign Minister got the news from his staff at about nine local time in Tokyo and informed Prime Minister Koga. The latter had already drafted his letter of resignation for the Emperor. Another man might have wept at the destruction of his dreams. The Prime Minister did not. In retrospect, he’d had more real influence as a member of the opposition than in this office. Looking at the morning sun on the well-kept grounds outside his window, he realized that it would be a more pleasant life, after all.
Let Goto deal with this.
“You know, the Japanese make some awfully good stuff that we use at Wilmer,” Cathy Ryan observed over dinner. It was time for her to comment on the law, now that it was halfway passed.
“Oh?”
“The diode laser system we use on cataracts, for one. They bought the American company that invented it. Their engineers really know how to support their stuff, too. They’re in practically every month with a software upgrade.”
“Where’s the company located?” Jack asked.
“Someplace in California.”
“Then it’s an American product, Cathy.”
“But not all the parts are,” his wife pointed out.
“Look, the law allows for special exceptions to be made for uniquely valuable things that—”
“The government’s going to make the rules, right?”
“True,” Jack conceded. “Wait a minute. You told me their docs—”
“I never said they were dumb, just that they need to think more creatively. You know,” she added, “just like the government does.”
“I told the President this wasn’t all that great an idea. He says the law will be in full force just a few months.”
“I’ll believe that when I see it.”
13
Winds and Tides
“I’ve never seen anything like this.”
“But your country made thousands of them,” the PR director objected.
“That is true,” Klerk agreed, “but the factories were not open to the public, and not even to Soviet journalists.”
Chavez was doing the photography work, and was putting on quite a show, John Clark noted without a smile, dancing around the workers in their white coveralls and hard hats, turning, twisting, squatting, his Nikon pressed against his face, changing rolls every few minutes, and along the way getting a few hundred frames of the missile production line. They were SS-19 missile bodies, sure as hell. Clark knew the specifications, and had seen enough photos at Langley to know what they looked like—and enough to spot some local modifications. On the Russian models the exterior was usually green. Everything the Soviet Union had built for military use had to be camouflaged, even missiles inside of transport containers sitting in the bottom of concrete silos were the same pea-soup green that they liked to paint on tanks. But not these. The paint had weight, and there was no point in expending fuel to drive the few kilograms of paint to suborbital speed, and so these missile bodies were bright, shiny steel. The fittings and joints looked far more refined than he would have expected on a Russian production line.
“You’ve modified our original design, haven’t you?”
“Correct.” The PR guy smiled. “The basic design was excellent. Our engineers were very impressed, but we have different standards, and better materials. You have a good eye, Mr. Klerk. Not too long ago an American NASA engineer made the same observation.” The man paused. “What sort of Russian name is Klerk?”
“It’s not Russian,” Clark said, continuing to scribble his notes. “My grandfather was English, a Communist. His name was Clark. In the 1920s he came to Russia to be part of the new experiment.” An embarrassed grin. “I suppose he’s disappointed, wherever he is.”
“And your colleague?”
“Chekov? He’s from the Crimea. The Tartar blood really shows, doesn’t it? So how many of these will you build?”
Chavez was at the top end of the missile body at the end of the line. A few of the assembly workers were casting annoyed glances his way, and he took that to mean that he was doing his job of imitating an intrusive, pain-in-the-ass journalist right. Aside from that the job was pretty easy. The assembly bay of the factory was brightly lit to assist the workers in their tasks, and though he’d used his light meter for show, the camera’s own monitoring chip told him that he had all the illumination he needed. This Nikon F-20 was one badass camera. Ding switched rolls. He was using ASA-64 color slide film—Fuji film, of course—because it had better color saturation, whatever that meant.
In due course, Mr. C shook hands with the factory representative and they all headed toward the door. Chavez—Chekov—twisted the lens off the camera body and stowed everything away in his bag. Friendly smiles and bows sent them on their way. Ding slid a CD into the player and turned the sound way up. It made conversation difficult, but John was always a stickler for the rules. And he was right. There was no knowing if someone might have bugged their rental car. Chavez leaned his head over to the right so that he wouldn’t have to scream his question.
“John, is it always this easy?”
Clark wanted to smile, but didn’t. He’d reactivated yet another member of THISTLE a few hours earlier, who had insisted that he and Ding look at the assembly floor.
“You know, I used to go into Russia, back when you needed more than a passport and American Express.”
“Doing what?”
“Mainly getting people out. Sometimes recovering data packs. Couple of times I emplaced cute little gadgets. Talk about lonely, talk about scary.” Clark shook his head. Only his wife knew that he colored his hair, just a little, because he didn’t like gray there. “You have any idea what we would have paid to get into ... Plesetsk, I think, is where they made those things, the Chelomei Design Bureau.”
“They really wanted us to see that stuff.”
“Sure as hell,” Clark agreed.
>
“What do I do with the photos?”
John almost said to toss them, but it was data, and they were working on company time. He had to draft and send a story to Interfax to maintain his cover—he wondered if anyone would print it. Wouldn’t that be a gas, he thought with a shake of the head. All they were doing, really, was circling in a holding pattern, waiting for the word and the opportunity to meet Kimberly Norton. The film and a copy of his story, he decided, would find their way into the diplomatic bag. If nothing else, it was good practice for Ding—and for himself, Clark admitted.
“Turn that damned noise down,” he said, and they switched to Russian. Good language practice.
“I miss the winters at home,” Chekov observed.
“I don’t,” Klerk answered. “Where did you ever acquire the taste for that awful American music?” he asked with a growl.
“Voice of America,” came the reply. Then the voice laughed.
“Yevgeniy Pavlovich, you have no respect. My ears can’t tolerate that damned noise. Don’t you have something else to play?”
“Anything would be an improvement,” the technician observed to himself, as he adjusted his headphones and shook his head to clear them of the damned gaijin noise. Worse still, his own son listened to the same trash.
Despite all the denials that had gone back and forth over the past few weeks, the reality of it was finally plain for all to see. The huge, ugly car-carriers swinging at anchor in several different harbors were silent witnesses on every TV news broadcast on NHK. The Japanese car companies owned a total of a hundred nineteen of them, not counting foreign-flag ships operating under charter that were now heading back to their own home ports. Ships that never stayed still any longer than it took to load another cargo of autos now sat like icebergs, clogging anchorages. There was no sense in loading and dispatching them. Those awaiting pier space in American ports would take weeks to unload. The crews took the opportunity to do programmed maintenance, but they knew that when those make-work tasks were done, they would truly be out of business.
The effect snowballed rapidly. There was little point in manufacturing automobiles that could not be shipped. There was literally no place to keep them. As soon as the huge holding lots at the ports were filled, and the train-cars on their sidetracks, and the lots at the assembly plants, there was simply no choice. Fully a half-dozen TV crews were on hand when the line supervisor at the Nissan plant reached up and pressed a button. That button rang bells all up and down the line. Ordinarily used because of a problem in the assembly process, this time it meant that the line was stopped. From the beginning, where the frames were placed on the moving chain-belt, to the end, where a navy-blue car sat with its door open, awaiting a driver to take it out of the building, workers stood still, looking at one another. They’d told themselves that this could never happen. Reality to them was showing up for work, performing their functions, attaching parts, testing, checking off—very rarely finding a problem—and repeating the processes for endless numbing but well-compensated hours, and at this moment it was as if the world had ceased to rotate. They’d known, after a fashion. The newspapers and TV broadcasts, the rumors that had raced up and down the line far more quickly than the cars ever had, the bulletins from management. Despite all that, they now stood around as if stunned by a hard blow to the face.
On the floor of their national stock exchange, the traders were holding small portable televisions, a new kind from Sony that folded up and fit in the hip pocket. They saw the man ring the bell, saw the workers stop their activities. Worst of all, they saw the looks on their faces. And this was just the beginning, the traders knew. Parts suppliers would stop because the assemblers would cease buying their products. Primary-metals industries would slow down drastically because their main customers were shut down. Electronics companies would slow, with the loss of both domestic and foreign markets. Their country depended absolutely on foreign trade, and America was their primary trading partner, one hundred seventy billion dollars of exports to a single country, more than they sold to all of Asia, more than they sold to all of Europe. They imported ninety billion or so from America, but the surplus, the profit side of the ledger, was just over seventy billion American dollars, and that was money their economy needed to function; money that their national economy was designed to use; production capacity that it was designed to meet.
For the blue-collar workers on the television, the world had merely stopped. For the traders, the world had, perhaps, ended, and the look on their faces was not shock but black despair. The period of silence lasted no more than thirty seconds. The whole country had watched the same scene on TV with the same morbid fascination tempered by obstinate disbelief. Then the phone began ringing again. Some of the hands that reached for them shook. The Nikkei Dow would fall again that day, down to a closing value of 6,540 yen, about a fifth of what it had been only a few years before.
The same tape was played as the lead segment on every network news broadcast in the U.S., and in Detroit, even UAW workers who had themselves seen plants close down saw the looks, heard the noise, and remembered their own feelings. Though their sympathy was tempered with the promise of their own renewed employment, it wasn’t all that hard to know what their Japanese counterparts felt right now. It was far easier to dislike them when they were working and taking American jobs. Now they too were victims of forces that few of them really understood.
The reaction on Wall Street was surprising to the unsophisticated. For all its theoretical benefits to the American economy, the Trade Reform Act was now a short-term problem. American corporations too numerous to list depended on Japanese products to some greater or lesser degree, and while American workers and companies could theoretically step in to take up the slack, everyone wondered how serious the TRA provisions were. If they were permanent, that was one thing, and it would make very good sense for investors to put their money in those firms that were well placed to make up the shortfall of needed products. But what if the government was merely using it as a tool to open Japanese markets and the Japanese acted quickly to concede a few points to mitigate the overall damage? In that case, different companies, poised to place their products on Japanese shelves, were a better investment opportunity. The trick was to identify which corporations were in a position to do both, because one or the other could be a big loser, especially with the initial jump the stock market had taken. Certainly, the dollar would appreciate with respect to the yen, but the technicians on the bond market noted that overseas banks had jumped very fast indeed, buying up U.S. Government securities, paying for them with their yen accounts, and clearly betting on a major shift in values from which a short-term profit was certain to take place.
American stock values actually fell on the uncertainty, which surprised many of those who had their money on “the Street.” Those holdings were mainly in mutual-funds accounts, because it was difficult, if not impossible, to keep track of things if you were a small-time holder. It was far safer to let “professionals” manage your money. The result was that there were now more mutual-funds companies than stock issues traded on the New York Stock Exchange, and they were all managed by technicians whose job it was to understand what went on in the most boisterous and least predictable economic marketplace in the world.
The initial slide was just under fifty points before stabilizing, stopped there by public statements from the Big Three auto companies that they were self-sufficient enough, thank you, in most categories of parts to maintain, and even boost, domestic auto production. Despite that, the technicians at the big trading houses scratched their heads and talked things over in their coffee rooms. Do you have any idea how to deal with this? The only reason only half the people asked the question was that it was the job of the other half to listen, shake its collective head, and reply, Hell, no.
At the Washington headquarters of the Fed, there were other questions, but just as few hard answers. The troublesome specter of inflation was not yet gone, and t
he current situation was unlikely to banish it further. The most immediate and obvious problem was that there would be—hell, one of the board noted, already was!—more purchasing power than there were products to buy. That meant yet another inflationary surge, and though the dollar would undoubtedly climb against the yen, what that really meant was that the yen would free-fall for a while and the dollar would actually fall as well with respect to other world currencies. And they couldn’t have that. Another quarter point in the discount rate, they decided, effective immediately on the close of the Exchange. It would confuse the trading markets somewhat, but that was okay because the Fed knew what it was doing.
About the only good news on that score was the sudden surge in the purchase of Treasury notes. Probably Japanese banks, they knew without asking, hedging like hell to protect themselves. A smart move, they all noted. Their respect for their Japanese colleagues was genuine and not affected by the current irregularities which, they all hoped, would soon pass.
“Are we agreed?” Yamata asked.
“We can’t stop now,” a banker said. He could have gone on to say that they and their entire country were poised on the edge of an abyss so deep that the bottom could not be seen. He didn’t have to. They all stood on the same edge, and looking down, they saw not the lacquered table around which they sat, but only an infinity with economic death at the bottom of it.
Heads nodded around the table. There was a long moment of silence, and then Matsuda spoke.