Japan Opens The Export Spigot

Its surplus is widening--and so far, the U.S. isn't complaining

Life has been grim of late for Fuji Machine Manufacturing Co., a maker of machine tools and automatic assemblers for circuit boards near Nagoya. During this year's first quarter, Japan's sputtering economy dragged down Fuji's sales. But suddenly, there's good news. Fuji's first-half sales to overseas customers, including such U.S. companies as IBM and American Telephone & Telegraph Co., now seem likely to jump 32%.

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