Word: nobumitsu
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Japanese holdings overseas are now worth about $70 billion more than the investments that foreigners have made in Japan. That total should reach $100 billion this year, moving Japan past the U.S. ($95 billion) and Britain ($81 billion) into the top spot among international investors. Nobumitsu Kagami, chief economist of Nomura Investment Management in Tokyo, projects that Japan's overseas investment surplus will rise to $500 billion by 1992. Says Hiroshi Takeuchi, a managing director of Japan's Long-Term Credit Bank: "Our country could become a permanent capital exporter...
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