Japan's U.S. clout grows; 'We can't do without their money'
Jan. 9, 1990
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The public's anxiety about foreign investment has turned into an angry outcry against Japan. Real estate magnate Donald Trump says Japan is "ripping us like no one has ever ripped us before." ITT Corp. Chairman Rand Araskog says Japan already owns Hawaii - and "will own much of the United States" if its shopping spree continues.
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Dueling economies; The new war zone; Economic weight shifts global power
May 30, 1990
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WASHINGTON - A joke making the rounds here these days is that the Cold War is over - and Japan won. Funny, but not far from true.
The USA and U.S.S.R. were preeminent as long as they had their hands on the nuclear button. Now that peace has broken out, a new way of thinking is permeating world affairs.
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Japan; Is the USA selling everything? MCA deal give Matsushita E.T., Elton John, Tom Clancy; But Japan's gain may not be USA's loss
Nov. 27, 1990
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In coming months, one out of every four movies you see likely will be made by or paid for by a Japanese company.
MCA Inc., which made "E.T. - The Extra Terrestrial" and "Born on the Fourth of July," is the latest entertainment giant to yield to Japanese money. Chairman Lew Wasserman sold the company this week for $6.6 billion to Matsushita Electric Co., which makes Panasonic, Quasar and Technics televisions, VCRs and stereos. Last year, Sony Corp. bought Columbia Pictures. And last month, Walt Disney arranged for Japanese investors to finance all of its films during half of next year and most of 1992.
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Japanese scandal rocks world's stocks
June 25, 1991
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Stocks around the world skidded Monday on news of another Japanese stock market scandal.
The Dow Jones industrial average fell 52.55 points (1.8%) to 2913.01 - its biggest drop since March 19. Volume on the New York Stock Exchange was slow at 137.95 million shares.
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U.S., Japan get down to business; Pressure on Tokyo could 'backfire'
Jan. 7, 1992
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TOKYO - President Bush arrived in Japan today with an entourage of 21 business executives and a planeload of promises to revive the U.S. economy by breaking down Japan's trade barriers.
But most observers say his trip - which marks an abrupt reversal of the administration's traditional free-trade, quiet-negotiations approach - won't do much to pry open Japan's markets or boost the U.S. economy in 1992.
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Reflections of Tokyo; How Japan's stock boom went bust
Apr. 2, 1992
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The news from Japan has hit with stunning swiftness.
Tokyo's stock market has plunged to depths not seen in five years. Japan's economic growth has slowed to a recession by Japanese standards. Real-estate prices, sky-high in the '80s, have slumped in the '90s.
