First Sentence:
To someone who looked only at the aggregate numbers, it would be hard to explain the U.S. preoccupation with Japan.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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household electrical machinery, intrafirm shipments, cho kyo, nonferrous metals sector, labor cost ratio, real interest differential, many small establishments, distribution margins, home electrical appliances, keiretsu ties, intrafirm trade, intrafirm transactions, manufactured goods imports, high growth phase, wholesale industry, yen price, structural impediments initiative, international arbitrage, wholesale sector, price correlations, low real interest rate, export equations
Key Phrases - Capitalized Phrases (CAPs):
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United States, East Asian, New York, Bank of Japan, Department of Commerce, Economic Planning Agency, Ministry of Finance, University of Chicago Press, Uruguay Round, American Economic Review, Cambridge University Press, Chamber of Commerce, Economic Statistics Annual, Harvard University, Hong Kong, Marcus Noland, Pacific Asian, Trade Tape, United Kingdom, University of California, University of Tokyo, Brookings Papers, Economic Activity, National Bureau of Economic Research, Quarterly Journal of Economics
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