Word: teruyoshi
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Dates: during 1987-1987
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...many political and business leaders say the country must reject those old views. "The whole world market is so international, we can't stay in Japan alone," says Teruyoshi Yasufuku, senior managing director of Sanwa ^ Bank. As a result of exhortations like that, Japanese companies are not just exporting but are moving overseas in record numbers. For years, Japan invested only in its own miracle. But by the early 1980s, with huge balance-of-payments surpluses building up, businessmen began to look abroad for new opportunities. Last year alone Japanese direct investment overseas more than doubled, to $14.3 billion...
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