Word: imported
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...first rotary-powered car available in the U.S., Japan's smooth-riding and exceptionally zippy Mazda (TIME, April 5, 1971). Some 20,000 Mazdas were sold last year, even though the car has been made available in only 20 states. Mazda already ranks as the seventh biggest-selling import. Toyo Kogyo, the manufacturer, has received no fewer than 2,300 applications for some 100 Eastern and Midwestern dealerships that will be awarded this summer and fall...
...American uranium, soybeans and wheat. This means that the Japanese would stockpile more than their country needs now and buy less later. The move would at least temporarily reduce Japan's $3.8 billion trade surplus with the U.S., but it would do nothing to alter its remaining import restrictions...
Brooklyn-bred Kimelman, 51, is chairman of the West Indies Corp., the biggest (annual sales: $18 million) import house in the Virgin Islands, his adopted home of more than two decades. As the islands' commissioner of commerce from 1961 to 1964, Kimelman was one of several businessmen who turned the U.S. possession from a sleepy haven of sand and sun into a tourist mecca. Since the islands are one of the two American free ports outside the U.S. (the other: Guam), the business of importing duty-free liquor, perfume and other goodies for tourists has grown fast. Kimelman...
...long ago, a small-time Tokyo businessman named Tadao Nakata hit upon an idea that he hoped would bring him, as he later put it, "tons of money for the future." He contracted with a California publisher to import 10,000 copies of a grossly prurient quarterly called Trio, which billed itself rather improbably as "a cultural, scientific and sociological publication." Yet even though Nakata had the printers take an air brush to some of the more explicit photographs, Japanese officialdom was outraged. First, customs authorities forced Nakata to have 37 "undesirable" spots in each copy daubed with ink before...
BRITAIN. Since it floated the pound last month, Britain has imposed a whole range of controls on capital outflows, strengthening barriers in force since 1947. Banks are severely limited in dealing in foreign exchange for their own investment purposes. Companies are allowed to buy foreign currency only for import and export deals or for officially sanctioned overseas investment. The rising burden of bureaucratic paperwork could threaten London's role as a world financial center. Says an official of London's Midland Bank: "These days I push paper for the government...