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sqtieeze,:. 'domぉUcV]i?usi.ness: ac, ■tivity..>^(11...3lo、v doヽVii:in::theflatter half of "seal1973, NortVura ■ predicted.-:.
The year1974 willbeセharac-
8ionゾ'the !nstitute said, adding "thaぃ:bu3in"s 、vo:uld-pi6k' up.af-ter that.
According 'to:''Nomura's ...est(-'■rtiates,': th:e''. Japanもse:. economy will: '.grow, .by' ."..per cent .in real tems/in.むsea1,1973 ,■ 8.5'per
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ceれぃUvゃSc,l19?4, U.8 per cent: infiseai1975,12,0 per cent^ in fisc&l1976, And10,0 pもtv,t in fきl1977.
せuriling to the lance ofpay-ments, Nomura predicted tha]t japan's >nrmal trade surplus would drop to alevelb兮t、veさn 多6,000 Tnillionapd多8,000 millicm.
But because of the gi:o、vinぉ ■defidt'.ln invisible trade; .and:.the inci'きase: in.:':fo.r,n'':' .aま:the basic .b—nee of,payments ■ 、vill' register a deficit of $2,800 million each in fiscal .1976 and1977, はsaid.
The institute sai(l that Japan's gold and fore,gれcurrency re-れrves'、voUId'dwindle to冬ILOOO million by the end of fiscal1977 or Marchl亂They stood at "6,834 miUion at the end pf April.
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TO ICY 6. — A Japanese cuUu-ral.reseaircyv.institute was.recent-, ly "siablished in Tokyo to give ■boUi'- :Jゅane^se —and : .foreigners infoimatipn on Japanesecuレ
.There..lias'.so: fai'.beerr.n.d—euch organ 'in. J.a pan, that, helps Jap:a-. nolo'gists 'a"ad .'in., rese&rch and-.'a.cc'epts, result;s .of, the'..research. 'Hゃ、vもver, studks-.oirJa, pan abroad have become very extensivん.as shown by an inter-iiatio"alconference on '.Japanese culture held'.last:November.
Thもinstitute, a foundation, was.' set 'up in the belief, that is ne.cessai'y.'tolook at. J邻ah nese culture in an international context:
The founding capitalof YIO million was dpnated by business circles and the institute, hea<led by Seiichi. Tohata, : professor emerはus. at the' University of
Tokyo, is plaiimng t6 raisゃYi50 million .funds'foi^.:iti: a'ctivi-'. ties in the icurrentまisc" year.
Tiie directors oJftli& ins^titute incl"e Tぉdft0,リmesao'汰n as-'sisiant' professor .at.lCyot9:-U;ni, versity, Donald K_eene, & U.S. 5c"lat 6n J a IMtnese Uter"m'e, Hyoei,urakami, » driiic, and such'businessleaders^ .as Soh,r Nakayama, YoshisWge Ashiharも andネeizoさaji.
The sphere :of :'studies the in-stれute' covers imiludes,. among other things, theory on culture, customs印(J m抑neM, religions and.literature*
By i^ext spring, the institute is plannhig to publish a white paper: on research .on .Japanese culture. And by next .January, the institute piatis to publish the first issue of aquarterly magazine on Japanese culture.
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TOKYO. — The prices of hn曙 ported'lux'm'y. goods.like 'scotch, whiskey,.:, watches'jand fountain pens have 'dropped in Japan'as the resuUsojf the'lifting of a ban on'imports :of famous foreign brands 'by: independent, imp or tiers.
T'he rもtail,Di'ice of Johnnie Walker redlab^l,. .for "ample, dropped frotn 3,90Q yen.per —bottle to 2,800 while blacklabel chopped from 6,800 yen to 6,加0,
The price of Dunhilt siiマer lighter dropped from 26,00Q yen —to14>0DO yen, while thelocal exclusive: agen"or the maker:of Mont-Blan<c.founta'in p印r'educed its. retailprice fro.fti7,000 yeft:to 2,800, the report said..
The .Economic -ゃlaTmlTig. 'Agency attributed the'.rie.duced'.ini-
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ces.'.to-increased imports of these ■luxury items勿in dependent ■ agents, .such as depavtment stores, ■and. major supermarkets, which •use'them as c.ustomer attractions.
The EPA' .report announced rece.ntly .was b貼ed o^rt an EPA survey -On. imports of famous, brands of .goods by— Independent, age Tits in thelaもt.tliはe months.
—The. governmentlast October revised the regulations concerning indepiendent agents for foreign .111alters to allow 'these agents' to..impo:rt -famous 'brand foreig" brands in- .an effort to reduce .the 'prices of iinp.orted .luxury .i tenuis.
As -a T—U,. inip—s o»f: sリch goods, by n- on-sole.—a geiits :reac]h7 ed 200 miliibn yen in thもfirst th.ree m'oiiths, about .20國'per cent the totalvalue of siich imports during that period, the ER^ re-ゃort said..
,Iin ports of: go If-cluトs,., cigarette lighteTs, g,aisses and 'Bun-glassesbjMndepenjde^Tit agents €X-ceededth卿by exclu"ve agents•
The price ofimport^d w hisIcey by ihdepehdenti agents..was- sold at a ch鄉ザprice tliMi those im-ported.by'.the e—xcltisivゃ紐さnts,' thもreport sa^d.
Thefe were it relatively wnall dばferenii.e in price of luxuiij^ ,atche^ between the excltisive
This .wa3 due to after-salもseぐ vice required by the makers.
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