European Stars And Stripes (Newspaper) - September 13, 1987, Darmstadt, Hesse Tin flip sid1 of hip Hal i of in Pliml from overseas 0 in Rhu ill a airy. d Fil of to jobs Mirt Shii Iii of Lofun a iirc1, it Adiian Smith s in intr a Ciulini / Liing rhe Nde. Econom a , f orig Ign inn St no 15 supplying the Moric , Andrj icjoa1" the in Irrl Stales needs Limp Ove is product my and Cra j its Trade Gap it South a . Fri a imply. I. Gym Roans arc reviving a of life Industry that Sorrio american Matulac tutors had begun to write Oil As a last cause still. Tough qut?.tipn5 Pui ise from Fujitsu than vice versa and ii Itsu got most of what it Wanold anyway through licensing agreements gelling their Dander up does t always serve americans Well protectionist threats have caused foreigners to demand higher returns on choir assets Here such As Treasury Bonds which eventually pushes up Rales on such things a mortgages and car tonns proponents of foreign invest Mcnol contend thai foreigners Are becoming belter partners but they say uniting nations is no less a task in business than it is in politics for Japan the loosening up amounts to a cultural stretch. Japanese lived on Hal Island Lor a thousand years Al just does l come attorney Murase says. Most foreign investment is uncontroversial simply because it is invisible. Most of it is in paper stocks Bonds and dollars Walt Street owes its five year Bull Market partly to foreign Money Economy Sis Are happier when infernal ional investors turn heir paper holdings into real things like skyscrapers and farms real property can t be said As quickly As stocks and Bonds. Ownership of real things turns foreign investors into partners with americans instead of speculators. Ironically though the Purchase of land buildings and companies is what tends to unnerve tie general Public because it stands out More so Many japanese have taken up temporary residence in now York to guide their investments Here thai one late nigh i commuter train to suburban Westchester county is jokingly known As the Orient express. Fears of a takeover seem unfounded foreigners Are not Here to subvert the american Way of life. They Are Here to make a Buck and challenging american tastes is not the Way Ledoil. The merchandise we have to sell is myself says Kitsio onishi of Mitsui real Estalo sates Usa in Mew York who follows the cocktail circuit in search of americans interested in Selling real estate to Japan or take Beer the new British owners of american advertising agencies would be Lunatic to Start taping Bce rods with English actors while Rupee Murdoch put his own stamp on the new York Post and the Boston Herald his australian based news corp left alone properties such As new Yorac Magazine and Seq la Century Fox factory workers notice to biggest tupac from foreign investment especially when they enter the Bravo new world of a japanese company. The japanese have found americans surprisingly tsp onsite to their family style of management. Hitachi lid says its automotive components Pfandl in Harrodsburg ky., has less absenteeism than the Norman pal Etson is the first american director of Fujitsu America inc. Average of its plants in Japan James Wenzel is still a Raleff to Kik Koman foods inc. Lor being one of the first to Send Flowers to the Hospital when his wife had a serious operation Wenzel had never even lasted soy sauce when he went to work far Kik Koman 13 years ago in Walworth. Wis now he helps oversee production of millions of Gallons. I think it s great working for a japanese company f really do Wenzel says. You the treated great " breaking Inlo top management is harder at a foreign owned company for women at japanese companies it can be like turning Burthe clock to inc 1960s. Wilh regard to women the predilection is for females to perform clerical and Low level administrative work Lewis w Steele told the National Law journal recently Steefe a lawyer represented 13 women in a 10-year suit against japanese owned Sumitomo corp. Of America sometimes it s the Little Ihms that cause cultures to clash. Like Golf. Norman Peterson of los Allos. Calif says the president o Fuji leu Takuma Yamamoto old him a few years ago that he would not have a very successful career at Fujitsu unless he Learned to play Golf. I did l know what to say to the gentleman Peterson recalls. Peterson 55. Recently became the first Arti Encan director of Fujitsu America inc. But he says his japanese colleagues Are More impressed thai he finally look up Golf this Spring. In real estate japanese investment is Starling to spread beyond Manhattan and los Angeles. What s a Cal new Fork s suburbs Washington maybe bos Ion. Philadelphia and Atlanta possibly Chicago and Minneapolis says Junichi Kogo senior vice president of mils i Fud Osan in new York to arc going to diversify says Kogo. Whose company owns the Exon Headquarters on new York s Avenue of inc americas americans soem to worry most when foreigners buy Farmland Iowa prohibits foreigners from buying Farmland unless Lay intend to develop it Loi other uses other states with Tough restrictions include Oklahoma and Missouri Japan protects its Rice paddies and France us vineyards Bui some Farmers think he restrictions Iri the Smied Stales Are depriving the hard pressed farm Bell cd a valuable source of capital. Thoy used a sledgehammer to Pound a a Evhen the Nail was like a says Larry Mcmills. A senior vice president of oppo Hetmer industries inc in Kansas cily. Mo., an agent Lor foreign investors in Tat Mland Only Abo Al 1 Pyrc Cal of Iho nation s privately owned farm and Forest land is in the hands of foreigners or companies with at Leas 10 percent foreign ownership according Loine department of agriculture the Farmers who work foreign owned land Don 1 seem Lomond. Dec. The com and soybean Laimor in Illinois look Over Larru Brj the British owned acres Neftci the managers fired inc original owner who had sold Oul and been reduced Loa tenant fellas came irom England Goi m the Combine with to. Rodo around asked me How things were Eck says it s hard to follow Hraf Fth Wilh the Roar of the machine but we got along real Bri Larj ranks first in direct in the untied so alas. Followed by the Netherlands Japan. Canada and West Germany according to Commerce department figures Loi 1386. Pupate econom sols Challenge Iho department s declaration hat Toft foreign holdings in he United states last year exceeded . Holdings abroad by nearly $264 billion the figure that makes this country the world s largest the United slates understates inc value of its Gold reserves by about $100 billion and underestimates the value of is Loreign holdings even Mote by booking them at heir Oul of Date Purchase Price these sceptics say. Even Commerce depart men economists concede who numbers Are flawed still there is no question what color the United slates investment position is turning red by the turn of the Century improvements in productivity restraints on consumption and a More Compeli Lively valued Dollar should allow Houm de states to turn its Trade deficits into surpluses foreign runes Lenl is nol fikely to Henrik much in the polyglot global Economy of the 21 St Century More Likely a be tact Trade balance will allow the United states to increase its Urc Simels overseas Murase. The japanese american . Contends investment across Borders will become 50 commonplace it will lose is emotional charge maybe in 30. 30. 40 cais lion now to says Well All i Jurth at it find say. Once nov be concerned sunday september 13.1987 the stars and stripes Page 17
