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  • Braking enthusiasm for the dollar, however, is Japan's resurgent external surpluses.
  • Japanese Prime Minister Ryutaro Hashimoto said Sunday he doesn't expect Japan's external surpluses to rise significantly.
  • They include " achieving strong domestic demand-led growth and avoiding a significant increase in external surpluses ."
  • In his meeting with Clinton, Hashimoto pledged to avoid " a significant increase in Japan's external surplus ."
  • Rubin repeated his concerns that the Japanese economy is " weaker than expected and its external surplus increasing,"
  • U . S . officials have repeatedly urged Japan to boost domestic demand and reduce its external surplus.
  • "We both want to promote strong domestic demand-led growth in Japan and to avoid a significant increase in Japan's external surplus,"
  • As a result, U . S . officials have repeatedly asked Japan to boost domestic demand and reduce its external surplus.
  • The G-7 statement encouraged Japan to achieve strong domestic-demand led growth and avoid " a significant increase in the external surplus ."
  • Rubin said in his speech, Japan must achieve " strong domestic demand-led growth and avoid a significant increase in its external surplus ."
  • Signs of a slowdown in the growth of Japan's external surpluses are supportive of the dollar, as they allay concerns about trade friction.
  • Signs of a slowdown in the growth of Japan's external surpluses are supportive for the dollar, as they allay concerns about trade friction.
  • The draft statement said Japan must work toward " achieving strong domestic-led growth and avoiding a significant increase in its external surplus ."
  • Japan needs to import more and to absorb more of its available savings, so that its external surplus adjusts to a more sustainable level,
  • "We both want to promote strong domestic demand-led growth in Japan and to avoid a significant increase in Japan's external surplus, " said Clinton.
  • The Japanese external surplus hurts the dollar because it means Japanese exporters have more dollars to sell for yen when they bring profits home.
  • "We share the concern expressed by the Japanese authorities last night about recent movements in the yen because of the impact on Japan's external surplus.
  • "In the next three-to-four months . we could see a gradual uptrend in the external surplus, " said Jesper Koll, economist at JP Morgan Japan.
  • "As the recovery proceeds, the yen can be expected to strengthen . and this will help contain the widening external surplus, " the report said.
  • But Mitsuzuka went out of his way to reaffirm Japan's objective of achieving domestic demand-led growth and avoiding a significant external surplus increase, Schloss said.
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