Word: hoarded
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...weak yen has been a prime culprit in Japan's trouble, raising the threat of inflation and putting upward pressure on interest rates. The yen has sagged largely because of the quickening outflow of Japan's immense cash hoard to other countries, where Japanese investors have found investments more lucrative or stable than at home. Says Nomura's Koo: "We got into this mess because Japanese investors were always moving money abroad." Example: Ito- Yokado, a Japanese supermarket chain, agreed last week to pay $400 million for a 75% stake in Southland Corp., the Dallas-based operator...
...Europe lay in ruins in 1945, but attitudes and skills had survived. The invisible destruction in Eastern Europe is worse than the visible devastation wrought by war. Managerial talents have been blighted by a half-century under an economic system that practiced pick- a-number pricing, taught enterprises to hoard inventory and rewarded them for producing a million left shoes. As Mikhail Gorbachev is discovering, it is much easier to learn to use political freedoms than to revive a moribund command economy. Casting secret ballots, speaking up in public, banding together to advance common interests: all these come fairly naturally...
BUSINESS: A huge hoard of real estate will burden the Government as it carries out the savings and loan bailout...
...students and a growing hoard of supporters pushed their way through police barriers across half a dozen intersections along the ninemile route from campuses in northwest Beijing to the center of the city...
MBTA spokesperson Peter Dimond said that the MBTA might restrict token sales if the increase is approved. Announcements of fare hikes in other cities have prompted concerns that passengers would hoard tokens. But Dimond said that the MBTA is not concerned about the possibility of passengers rushing to buy tokens at the present 60-cent price...