TITLE

Thirty Seconds over Tokyo

PUB. DATE
February 1992
SOURCE
National Review;2/3/1992, Vol. 44 Issue 2, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article presents an opinion on the trade relations between Japan and the U.S. during the 1990s. Several factors contributed to the ability of the U.S. to compete in the industrialized world. These include a cheaper dollar, low interest rates and wage increases smaller than those of most other nations. The Japanese, with their frugality, save four times as much as their U.S. counterparts and their money goes directly into investment and research and development. As noted by the Institute for International Economics, trade barriers cost U.S. citizens $80 billion per year.
ACCESSION #
9201271677

 

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