Japan Per Capita GNP
Overtook US in 1987Japan's economy grew by 4.2 percent and its per capita gross national product overtook the United States' last year, the Economic Planning Agency reported Thursday.
The agency said Japan's per capita GNP - the output of goods and services for each member of the population - reached $19,642, compared with $18,403 in the United States. This was attributed mainly to the yen's rise against the U.S. dollar.
In 1986, when calculations were based on $1 trading at 168.51 yen, the U.S. figure was $17,464 and Japan's was $16,330. In 1987, the calculations were based on $1 for 144.62 yen. The dollar currently is trading at about 127 yen.
The GNP growth of 4.2 percent in the calendar year 1987 compared with 2.4 percent the previous year, helped by gains in housing and industrial equipment investment.
US Forces Begin
Arriving in Honduras
WASHINGTON - American infantry and airborne forces began arriving in Honduras Thursday as the Reagan administration said outnumbered Contra rebels were holding out against up to 2,000 Nicaraguan soldiers inside Honduras.
However, both David Boren, D-Okla., chairman of the Senate Intelligence Committee, and William Cohen, R-Maine, vice chairman, said after a briefing that Mr. Reagan had little choice but to agree to Honduran President Jose Azcona's request for help.
Taking Over Services
PANAMA CITY, Panama - The beleaguered government announced Thursday it was taking over all public services a day after a failed coup attempt by rebel officers sparked anti-government rioting by thousands of people.
Soldiers loyal to military strongman Gen. Manuel Antonio Noriega patrolled the streets after Wednesday's rampage by people fed up with military rule and Panama's financial crisis.
Import Relief Plan
WASHINGTON - The Senate proposed a counteroffer Thursday to the House's version of the import relief section of the giant omnibus trade bill. The so- called Section 201 portion of the nation's trade law would be altered under the Senate proposal. The president would have to act if struggling industries sought relief from fairly traded imports.
But Senate Finance Committee Chairman Lloyd Bentsen, D-Texas, said the president would still have wide discretion in choosing what options to take. We fought hard to make sure that the president had to do something. He can't just do nothing, Sen. Bentsen said.
Sohio Oil Readies
Sohio Oil Co., Cleveland, the largest shipper of crude oil across the Isthmus of Panama, was readying contingency plans Thursday so it could continue to move its Alaskan crude in case of further disruptions on the
Oil movements through the line that runs through the northern part of the country were halted Wednesday when striking utility workers shut off electricity throughout Panama. One of the pipeline's two pump stations operates on electricity supplied from the national grid. The other has its own generating equipment. Story, Page 7B.