Pump Priming Japan tackles its surplus

Japan tackles its surplus

A 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-led economy by boosting local...

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