Word: surplus
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Unfortunately, Brazil's huge foreign debt of approximately $100 billion will continue to inhibit such expansion. Although the country had a trade surplus of $13 billion last year, $10 billion of that amount had to be earmarked as the annual interest due on the debt. Nonetheless Neves said that he is opposed to the suggestion that Brazil declare a moratorium on its international debts repayments. Said he: "We must pay what we owe. It is a debt of honor for the nation...
Japan has long been renowned for its procession of bestselling products: cars and cameras, radios and record players, steel and semiconductors. In the future it will also be an important source of a more basic commodity: money. As Japan's trade surplus mushrooms, the country is raking in much more money than it spends at home. As a result, the Japanese are sending the funds back overseas by making loans, buying foreign stocks and bonds, and building factories in countries around the globe. Once merely a master manufacturer, Japan is on the way to becoming the world's premier investor...
...Japan ran a trade surplus of about $44 billion, up from $20 billion in 1981. In trade with the U.S. alone last year, Japan had a $30 billion surplus. One reason for that startling imbalance is the lofty value of the U.S. dollar. Partly because of high American interest rates, the dollar has risen 30% against the yen since 1978. That has made Japanese imports cheaper for U.S. shoppers, and American exports more expensive in Japan. Economists think the dollar may decline a bit over the next year or two, but not nearly enough to erase Japan's surplus...
...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...
...last year, the GSD ran its first balanced budget in four years, registering a $2000 surplus. Dean Gerald M. McCue has launched a major effort to refocus and revitalize the school's academic curriculum, particularly through the strengthening of a new urban planning program and adding new master's degree programs...