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Author:Brull, S.
Thornton, E.
Comes, F.
Title:Yanking on the reins
Journal:Business Week
1997 : JUN 23, VOL. 3465:846, p. 26-27
Index terms:ECONOMICS
JAPAN
USA
Language:eng
Abstract:To an American trade hawk, it may seem Japan's Ministry of Finance was up to its old tricks. Responding to warning from U.S. Trade Representative Charlene Barshefsky, Finance Minister Hiroshi Mitsuzuka in early June said that Japan's surging trade surplus is a "passing phenomenon". Just two days later, Tokyo revealed that Japan's current-account surplus fro April nearly doubled, to $9.8 billion, from the year before. Most economists expect the surplus to keep balooning for the rest of the year.
SCIMA record nr: 165252
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