Land of the Rising Price

1. Japan is the place that should greet the return of inflation with joy. The country has had deflation for over a decade. After an economic recovery which began in 2002 firms pay better wages.

2. Prices are on the rise. The Bank of Japan (BOJ) raised its forecast for ‘core’ inflation in the fiscal year ending in March 2009 to 1.8% up from 1.1%. But even Japan’s “core” inflation rate is rising, as higher prices for wholesale goods pass on to consumers. Higher prices not only do harm to Japan’s external strength. They are hurting companies’ profit margins at home.

3. The prices of Japan’s exports relative to imports have deteriorated[†] for at least four years. Japan’s recovery was supported by strong exports to China, Europe and oil-exporting countries. In value terms, exports to America are shrinking. Now, export growth to Europe looks as if it is shaking.

4. For as long as money remains cheap, corporate restructuring is unlikely to take hold. Some companies will continue to earn for a living on a drip of cheap credit, while plenty of unproductive sectors and smaller businesses will escape the kind of consolidation they need.

VI. Определите, являются ли приведенные ниже утверждения (1, 2, 3)

а) истинными (true)

б) ложными (false)

в) в тексте нет информации (no information)

1) Japan has been in the grip of deflationary forces for over a decade.

2) Higher prices don’t do harm to Japan’s internal strength.

3) There is no unemployment in Japan.

VII. Прочитайте абзац 1 и ответьте письменно на следующий вопрос:

What Japan’s recovery was supported by?

Вариант №4

I. Переведите письменно существительные (1-10). Выберите определения

(a – j), соответствующие существительным:

II. a) Выполните КОПР № 3, 5.

б) В следующих предложениях подчеркните глагол-сказуемое, определите его видовременную форму и залог. Переведите предложения на русский язык.

1) Before John celebrated his 26^th birthday, he had started his own company.

2) The world’s leading gas and oil exporter has become one of the most attractive markets in the world.

3) The company has been dealing in car sales for many years.

III. a) Выполните КОПР № 1.

б) В следующих предложениях подчеркните герундий и инфинитив. Переведите предложения на русский язык.

1) Banks are interested in keeping most of their money in circulation so that it should bring them profit.

2) In 1913 H. Ford began to use assembly-line techniques in his plant.

3) Many countries in Asia have an absolute advantage in manufacturing electronic goods.

IV. Письменно переведите на русский язык следующие предложения. Помните, что инфинитивные обороты часто соответствуют придаточным предложениям.

1) The RF government is expected to put considerable efforts and financial resources into transport infrastructure, development and modernization.

2) Most secretarial and clerical jobs require the applicant to take a written examination.

3) Some of the major investors wanted the bank to pay a higher interest rate.

V. Прочитайте и устно переведите на русский язык весь текст. Перепишите и письменно переведите абзацы 2, 3.