BUSINESS ABROAD: Fast Drive from Japan

The go-getting Japanese, who have crashed the U.S. market with everything from cameras to transistors to hibachi charcoal braziers, last week were briskly redesigning their little cars for a full-scale commercial assault. The cars lead a broader invasion of the U.S. market by all manner of Japanese heavy industrial goods. This year Japanese exports to the U.S. will exceed $800 million (v. $229 million in 1952); close to $200 million will be in precision and heavy manufactured goods, directly competitive with products in which the U.S. specializes. Throughout the world, Japanese exports of heavy goods—turbines to Brazil, electric train cars...

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