SOUTH KOREA, JAPAN
TO DISCUSS DEFICITSouth Korea will ask Japan to take "practical steps" to rectify its bilateral trade deficit when Japanese Prime Minister Kiichi Miyazawa visits Seoul Thursday to Saturday, an aide to President Roh Tae Woo said.
He said Tuesday that the list of demands to Japan will include a reduction of tariffs, an increase in the number of items benefiting from the generalized system of preference and a correction of non-tariff barriers.
South Korea recorded a $9 billion trade deficit with Japan last year, which accounts for more than 90 percent of its total trade deficit of $9.6 billion.
NISSAN WILL INCREASE
AUTO PRODUCTION BY 6 PERCENT
TOKYO - Nissan Motor Co. announced Tuesday it will increase automobile production by about 6 percent in 1992 to 3.27 million units, up from 3.08 million in 1990.
The company said it expects Japanese vehicle demand to recover slightly in 1992, to about 7.6 million units from 7.52 million last year. Nissan forecast stable sales in Europe and a gradual upturn but a "tough sales situation" in the United States.
The company reported its 1991 domestic sales at 1.35 million units, down 4.1 percent from the previous year. Nissan exported 959,000 automobiles to Europe and the United States in 1991.
JAPAN QUALITY OF LIFE
HELD KEY TO 5-YEAR PLAN
TOKYO - Prime Minister Kiichi Miyazawa, concerned about the quality of life in workaholic Japan, asked Tuesday that the next five-year plan ensure that the average Japanese enjoys the fruits of affluence.
Japanese should be able to enjoy their wealth by working less or by better use of leisure time, Mr. Miyazawa said, while the social environment, such as housing and infrastructure, should be improved to provide a better quality of life.
The current plan expires March 31. An advisory panel will prepare a draft plan for the five-year period beginning April 1 and is expected to submit it by August.
The plan should address Japan's contribution to solving global issues, including environmental pollution, poverty in developing nations and the population explosion, Mr. Miyazawa said.
GERMAN RESEARCH LAB
BUYS CRAY COMPUTER
EAGAN, Minn. - Cray Research Inc. said the Max Planck Society ordered a Cray Y-MP 4E supercomputer and installed the new system at its Institute for Plasma Physics in Garching, Germany, a suburb of Munich.
The institute is one of the world's premier high-energy physics research laboratories.
The Cray Y-MP 4E system, the third Cray Research supercomputer installed at the institute, will be used primarily for research in plasma physics, astrophysics and solid-state physics.
SOUTH KOREA, JAPAN