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...That strength was developed mainly through exports. But Japan's huge trade surplus, which now stands at $61.6 billion, has aroused worldwide calls for trade protection and stirred deep resentment against the increasingly isolated island nation. To halt those trends, Nakasone strenuously urges his countrymen to export less and import more and to produce more goods for the Japanese market...
That sad paradox is repeated, indeed intensified, throughout the black nations of the region. Botswana, Lesotho and Swaziland depend upon Pretoria for all their oil. Lesotho gets all its electricity from South Africa. Almost every export and import of the three countries travels through South Africa. As if that were not enough, Pretoria's official exports within the continent have risen by 40% this year, and promise to reach a record $800 million. Any Western blow against South Africa could amount to a killer blow against many of the so-called frontline states. Warns a South African diplomat in London...
...Japanese, though, are the past masters at making such words pay their way. Sutoraiku, for example, is the kind of strike that a pitcher throws across the plate, while sutoraiki is the kind that workers go out on. It was inevitable that the Japanese would import "word processor" and just as inevitable that they would shorten it to wa-pro. Then the younger generation seized it and made it stand for "worst proportions," meaning an unattractive woman...
...such cases, the President would be required to open negotiations to reduce the trade imbalance with that nation by 10% annually. The bill is aimed at such countries as Japan (1985 surplus with the U.S.: $49.7 billion) and South Korea ($4.8 billion), which have long put restrictions on American imports. If no agreement was reached in the trade talks, the President would be required to take retaliatory action, such as raising tariffs or tightening import quotas...
Among other matters, the congressional probers are investigating: Deaver's role in negotiating a settlement for the Daewoo Corp., a big South Korean steel- maker that violated American import restrictions; his efforts on behalf of Rockwell International to persuade the Government to buy more B-1 bombers; and his lobbying for Puerto Rico to retain tax breaks worth $600 million a year to the island's economy. So far, the investigations have publicly produced no evidence of wrongdoing. They have stirred up some smoke, however, by poking into Deaver's efforts on behalf of Canada concerning the issue of acid...