Friday, February 18, 2011

U.S. sought $650 million for Okinawa reversion

On February 18, the Japanese government released documents related to the payments Japan made to America for the reversion of Okinawa.

On October 22, 1969, the Japanese ambassador reported to his superiors that America wanted Japan to pay $650 million for the reversion of Okinawa. But two months later, Japan and America reached an agreement wherein Japan would pay America a sum of $405 million and would deposit $60 million in a zero interest account at the U.S. Federal Reserve.

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