Word: surplus
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...strong yen is slowing the pace of Japanese exports, but Tokyo is still feeling the pressure to shrink its swollen foreign trade surplus. Last week Japanese Prime Minister Yasuhiro Nakasone took new steps--or perhaps half steps--to meet those international pressures by vowing to change the habits of his country's 120 million thrifty citizens. On the eve of a weekend visit to Camp David to discuss the seven-nation annual economic summit that Japan will host in May, Nakasone accepted a report by a Cabinet advisory committee that outlined ways to wean the Japanese away from an export...
...measures were aimed at increasing the spending power of Japanese consumers, who have one of the world's highest savings rates (15% of annual income, vs. 4% in the U.S.). But few of the proposals offered much immediate solace to frustrated American exporters as they contemplated a Japanese trade surplus with the U.S. that totaled $50 billion last year. Washington had no official reaction to the Japanese plan prior to the Reagan-Nakasone meeting. Nonetheless, I.M. Destler, a senior fellow at the Washington-based Institute for International Economics, declared that "these are steps in the right direction, but the Japanese...
Even though the Saudis stayed inside their OPEC quota of 4.3 million bbl. a day, they could not help creating a huge surplus that angered many of their colleagues in OPEC, notably, the Libyans, Algerians and Iranians. Yamani, defending his country's action, has blamed non-OPEC producer Britain for contributing to the glut and has called on London to cut output. Britain stoutly refuses...
...China, small enterprise has played an important role not only in the modernization of agriculture and the absorption of surplus labor in the countryside, but in the growth of economic structure in rural China, Xu said. He predicted this growth will continue in the future...
Robinson, according to spokesman Mark Smith, calls for a more restrictive tax cap, tax cuts for renters or the underprivileged, and local aid awards based on 40 percent of the final surplus...