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...Japanese feel their country has made ample attempts to open its marketplace to U.S. goods, the increasingly noisy drumbeats from Washington have created fear that the bilateral relationship is faltering. "There is a great deal of concern about the outright hostility in Washington that exists against Japan," says Sam Nakagama, a Manhattan economist. "Americans don't seem to care about this, but it is paramount in Japan." Trade negotiators reached an agreement last week to allow Japanese universities and government agencies to import U.S. supercomputers. But the two sides have made little progress so far in related talks over satellites...

Author: /time Magazine | Title: Pop! Goes the Bubble | 4/2/1990 | See Source »

...economists looks at the same unexpected events and comes up with a rosier outlook on how the world works. In this view, the U.S. has entered an era of prosperity called the New Wave. "We are in one of the most revolutionary periods in our history," says Sam Nakagama, chairman of Nakagama & Wallace, an economic consulting firm in Manhattan. Nakagama and other New Wave advocates say the record expansion owes its strength and resilience to the openness of the U.S. economy during the past decade. With the global village linked by high-speed computers and communications satellites, they argue...

Author: /time Magazine | Title: Knitting New Notions: U.S. economists jettison Reagan formulas | 1/30/1989 | See Source »

Despite the risks, a vocal minority of economists offer a relatively bullish outlook. Among them: Yardeni, Kudlow, Nakagama and J. Paul Horne, the Paris-based chief international economist for Smith Barney. The optimists believe that the economy is not overheating and that significant progress has already been made in managing the budget deficit. Says Kudlow: "The important thing is that the deficit is coming down. It is the direction that is far more important than the level of the deficit." Echoes Nakagama: "The worst is behind...

Author: /time Magazine | Title: No Joyride in 1989 | 1/9/1989 | See Source »

Economist Sam Nakagama, chairman of the Manhattan-based consulting firm Nakagama & Wallace, suggests that the traditional business cycle may no longer be in operation. Reason: the removal a few years ago of many Government controls on interest rates has enabled the Federal Reserve Board to moderate swings in the economy. By letting interest rates move up and down more freely, the Fed has kept the economy from either overheating or stalling. Instead of going into a classic recession, says Nakagama, the economy has been pausing for short periods to catch its breath before moving to higher ground...

Author: /time Magazine | Title: Keeping The Pedal to the Metal | 3/21/1988 | See Source »

Delay, though, could be costly. Warns Nakagama: "You might have another stock-market crash next spring if the Government doesn't do enough on the budget side. After all, if you are running at full employment, then what the hell are you doing with a $150 billion deficit...

Author: /time Magazine | Title: Confusion - But Hope | 12/21/1987 | See Source »

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