Word: koreas
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Dates: during 1980-1989
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...unusual display was only one highlight of a lightning diplomatic foray by Nakasone that was intended to burnish Japan's political image, not only in Korea but also in Washington. During his 24-hour visit to Seoul, the outgoing Japanese politician who became Prime Minister seven weeks ago was laying some shrewd groundwork for his meeting with President Ronald Reagan this week. At a time of fraying U.S.-Japanese relations on such issues as regional defense spending and international trade, Nakasone was hoping to demonstrate that Japan intended to be a strong and stabilizing U.S. ally in Asia. Said...
...Mississippi) defaulted on British loans. Though three subsequently paid up, Mississippi is still listed in London as a bad debtor; it owes $5 million for a bond issue, excluding interest. More recently, whole countries have repudiated their foreign loans, among them have been Cuba in 1961 and North Korea...
...seeking more generous terms on future loans. Rumania late last year rescheduled $2.8 billion of its $ 11 billion debt and interest payments. Costa Rica ($3.1 billion) has told its creditors that it cannot produce $270 million in back interest. South Korea ($36 billion), despite its generally strong economy, is being closely watched. And there are others...
...interest rates to new postwar highs, while declining inflation in the U.S. and a rush of foreign money into the country strengthened the dollar. No longer could loans be paid off with ever less expensive greenbacks. Quite the contrary. Moreover, since the biggest borrowers-Argentina, Brazil, Mexico and South Korea-carried floating interest-rate tags (which change with prevailing rates) on most of their loans, servicing costs climbed out of sight. Between 1976 and early 1982, the London Interbank Offered Rate (LIBOR), against which most international borrowing is set, zoomed from 6% to 15%. Each 1-point rise added...
...illustrated storybook another million. Heartlight, Neil Diamond's musical homage to E.T, has sold more than a million albums since September. And, even in this recession-blitzed Christmas season, E.T. dolls were whisked off department-store shelves as fast as they could be flown in from Taiwan and Korea...