Word: exportation
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...billion. The move helps cut Bayer's 314 billion debt. INDICATORS The Dollar takes a dip The euro reached and passed parity with the dollar for the first time in two and a half years, ending the week worth $1.013. The dollar's fall is good news for U.S. exporters, but a sustained slump could spell trouble for export-dependent nations like Japan and Germany. Baby You Can Buy My Car n Auto prices may be rolling downhill after the European Commission changed car-sale rules to increase competition. Dealers will soon be allowed to sell multiple brands and open...
...Continent's cultural diversity makes it hard to turn a profit on other homegrown programming; the lack of an export market to recoup costs doesn't help. Pornography, the quiet cash cow of the U.S. cable industry, is not as much of a draw in countries where full-frontal nudity is routinely shown on free...
From the same marketing masterminds who catapulted Pokemon into every U.S. schoolyard comes Japan's latest export: Yu-Gi-Oh!, featuring Yugi, a nerdy kid who uses magical powers to morph into a spiky-haired, hubcap-eyed hero with a grownup bod. Yugi is an ace cardplayer who battles (using cards, of all things) with electric lizards, man-eating bugs and all manner of mystical creatures in a complex, secret world that youngsters (mostly boys ages 9 and up) can't get enough of and--lucky for the kids--most parents can't be bothered to understand...
Take a few numbers from the export column and a few statistics from the retail sales column, put them together, and presto! You've got yourself an economic recovery in long-suffering Japan. At least that's the rosy scenario painted by government leaders desperate to shore up their sagging popularity. The trouble is that to Japanese, the calculations look suspiciously like voodoo economics. "If the economy is getting better, we sure don't feel it," says 59-year-old Kinuyo Otsu while passing a Christian Dior shop in Tokyo's Shinjuku district. "Our husbands' jobs aren't stable enough...
...possible, though, that this isn't merely wishful thinking? Japan, which a few months ago was widely considered to be on the verge of crisis, does in fact seem to be experiencing an old-fashioned, export-driven boost from a surprisingly buoyant U.S. economy and the weakening of the yen this year. Exports in April showed the first year-to-year increase in 13 months, and Japan's trade surplus, which has been steadily declining, grew again in the country's favor. Manufacturing and trade throughout Asia are perking up?economists are projecting Korea's 2002 gdp growth will near...