	japan denies breaking semiconductor  pact japan denied breaking a pact with the u s on semiconductor  but said prices set out in the pact were too high and acknowledged difficulties in implementing the accord we are faithfully abiding by the agreement but of course there are some problems a spokesman for the international  and industry ministry told reuters he said the high semiconductor prices recommended by the agreement were leaving japanese manufacturers piling up stocks of unsellable products we are aiming to reduce production in japan but of course this takes time he said the spokesman said some japanese companies were selling chips in europe and asia below stipulated prices but added it is only a matter of time before we solve this problem the eight month old pact aims to stop japan selling large quantities of chips at knock down prices to the united states and other countries and to increase u s semiconductor sales in japan the u s senate finance committee this week called on president reagan in a non binding resolution to retaliate against japan for violating the agreement reuter 
