Quake cuts Japan's surplus overall, but not with U.S

Article Abstract:

Statistics show that Jan 1995 Kobe, Japan earthquake damage to major exporting facilities caused Japan's overall trade surplus to decline by more than 50% during Jan. 1995, going down to $2.88 billion from the $6.03 billion seen in Jan. 1994. However, the country's trade deficit with the US continued to grow, totaling $3.19 billion or 3.5% above the level for the same period in 1994. Analysts believe that the US-Japan trade surplus will not go down until the US economy finally levels off from its strong recovery.

Trade Relations, Statistics, Balance of trade, Earthquakes, Trade policy

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U.S.-Japanese dogfight over air rights brings role reversal to trade talks

Article Abstract:

The US and Japan are currently locked on the debate regarding beyond rights. The US is demanding that Japan honor its existing airline agreement and allow Federal Express Inc. to land and pickup cargo and passengers in Japan. However, the Japanese refuse to do so, stressing that the US is exercising an unfair advantage since it already has three carriers that invoke beyond rights while Japan has only one. Both sides have threatened to impose sanctions on each other's airlines if a compromise is not reached.

Scheduled Airlines, Scheduled Air Transportation, Air Transportation, Scheduled, And Air Courier Services, International aspects, Airlines

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Economies face a dark road

Article Abstract:

Corporate recoveries in Asia's troubled economies will face hurdles such as fiscal deadlines, and immediate, quarterly settlement of outstanding futures and other financial contracts. Banks in Japan should meet pass minumum capital requirements. In South Korea, the country's short-term domestic debt should be rolled over or repaid. In April 1998, the International Monetary Fund will assess the progress made by Indonesia on its reform package.

Intnl Economic Policy, South Korea, International Monetary Fund, International relations, Asia

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