Sinking deeper in the drowning pool

Butler, Steven; Knight, Robin
May 1994
U.S. News & World Report;5/16/94, Vol. 116 Issue 19, p56
Reports that the US Federal Reserve and the Bank of Japan are trying to keep hopes of economic recovery alive in Japan. Political turmoil that has dimmed chances for legislation that would stimulate Japan's economy and foster import growth; Pressures Japan is facing around the world; Diminishing auto exports; Rising yen; Collapsing real-estate market; Great paintings purchased by Japanese investors that are gathering dust in warehouses.


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