JAPAN INVESTS LESS IN US MANUFACTURING
| NEW YORK
Japanese firms reported 148 investments in United States manufacturing in 1990, down from 192 in 1989 and reversing an upward trend of recent years, according to a Conference Board analysis. California and the Midwest continue to be popular locations. The business organization cited two major reasons for the decline: Many Japanese firms have completed their investments for now, and borrowing costs in Japan are going up.