SURGE IN THE YEN SPURS JAPANESE TO INVEST IN U.S.
Scores of Japanese companies are coming to the United States to build factories or buy real estate in a drive that will create thousands of jobs and could ease tensions over the United States trade deficit. The soaring Japanese yen has made factories in Japan uncompetitive, Japanese and American finance experts say, so companies are moving production to other countries - just as American corporations shifted some production to Asia a few years ago, mostly because of the dollar's surge against other currencies but also because of lower wage rates. Rail Cars in Brooklyn Mitsui & Company (U.S.A.) and the Tokyu Car Corporation, for example, said recently that they plan to assemble rail cars in Brooklyn, beginnng in January. Matsushita-Kotobuki Electronics Industries will make color televisions and Panasonic video recorders in Vancouver, Wash. Fujitsu America says it may accelerate production at a disk drive plant that opened this month in Hillsboro, Ore.