OTHER NEWS - April 10, 1993

Japan Bank Taking Stake in L.A. Terminal: Japan’s Export/Import Bank is taking a $12-million equity stake in a new coal export terminal at the Port of Los Angeles, published reports say. The deal is noteworthy because the quasi-governmental bank seldom invests in industrialized countries. The investment, scheduled to be signed in Los Angeles on Monday, is part of $120 million being invested by American and Japanese companies and the Port of Los Angeles for the terminal, which will handle coal for export primarily to Japan.