Word: bunroku
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...Bunroku Yoshino, president of the Institute for International Economic Studies in Tokyo, predicted that Nakasone's modest plan would have little impact. He expects the Japanese growth rate to slip from 4.5% this year to 4% or even 3.5% in 1986, primarily because the country's exports will increase at a slower pace. The government is reluctant to adopt more potent stimulative measures, like large tax cuts, because it wants to keep the Japanese inflation rate, only about 2.5% this year, firmly under control...
Nonetheless, some U.S. trading partners are afraid that the dollar has fallen too far, too fast. Japanese firms are considering a second round of price increases because of the rising yen, which has gained 25% against the dollar in the past six months. Says Bunroku Yoshino, president of Tokyo's Institute for International Economic Studies: "Fundamentally, Japan can stand a pretty sharp strengthening of the yen. But the suddenness of the rise is difficult to adjust to. If we have more time to adjust, then it might be all right...
...Bunroku Yoshino, president of Institute for International Economic Studies in Tokyo, predicted that those rosy figures would remain virtually unchanged through next year...
Japan. Unlike its Asian neighbors, which are still in the launch phase of industrial development, Japan has already reached cruising altitude. Said Bunroku Yoshino, director of the Institute for International Economic Studies in Tokyo: "Japan is very comfortable, like the U.S. was in the 1950s under President Eisenhower." He predicted that unemployment, now only about 2.5%, may go to 2% in 1984. Exports were up about 10% in the third quarter of the year and will stay strong. Japan's car manufacturers have unveiled new models that will undoubtedly dazzle foreign customers...
...Tokyo will limit steel exports to the Community to 1.4 million tons. But at Common Market headquarters in Brussels, these steps have been viewed as too little, too late. In November, over lunch in Brussels, European Commissioner Finn Olav Gundelach warned Japanese Deputy Foreign Minister Bunroku Yoshino that Japan would have to submit a comprehensive plan to right the trade imbalance or face retaliation. The Europeans, for example, could slap extra import duties on Japanese goods that they suspect are being "dumped"-that is, sold in Europe at lower prices than in Japan...
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