BUSINESS ABROAD: Crisis in Japan

Over a Tokyo luncheon of pink macaroni and deviled quail's eggs, a group of top Japanese industrialists last week ticked off their country's economic woes to newsmen. The list was long. Since the end of the Korean war, U.S. Army special procurement orders for supplies have dropped 70% from the $32 million-a-month average in the first half of 1953. Japan's industry is burdened by crushing bank loans; labor and raw materials are skyhigh. With fewer dollars than before, Japan must still import a minimum of $400 million worth of basic foodstuffs each year, and her exports are falling behind...