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By JONATHAN POWER | December 10, 1993
''Base, indeed, is the double-standard policy of the U.S. o the nuclear issue which is raising a hue and cry over the non-existent 'nuclear problem' of the Democratic People's Republic of Korea while feigning ignorance of Japan's move to become a nuclear power.''London -- So reports the North Korean official press agency. Hyperbole aside, there is, sad to say, a kernel of truth in what Pyongyang says. Why are the Japanese building up huge stocks of bomb-grade plutonium? And -- this is the question of the month -- why are the British helping them?
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NEWS
February 10, 1994
There is reassuring news of sorts for Americans from recession-plagued Japan. The troubled Mazda Motor Corp., which is one-fourth owned by Ford Motor Co., is going to get greater Ford representation on its board and Ford executives full-time.Ford bought its stake in Mazda in 1979, and imported Japanese techniques of quality control and cost control from the association. But the high yen and American industry recovery of market share have taken the superiority myth from many Japanese firms.
NEWS
February 9, 1994
Japan's Prime Minister Morihiro Hosokawa has been sufficiently weakened by political battles he barely survived to make his Friday meeting with President Clinton a probable waste of time. His political and economic reforms riddled by compromise, he hardly seems strong enough to make Japan's interest groups accept numerical goals to measure progress in opening markets to foreign competition.That is the key remaining U.S. demand on Japanese economic restructuring. Mr. Hosokawa's economic stimulus package, just enacted, goes about as far as American firms can expect in boosting Japanese demand for their products and services.
NEWS
May 17, 1995
Japan is coming to grips with one of its demons. Police have investigated the March 20 fatal gassing in the Tokyo subway with exhaustive patience. Along the way they left a strong impression that Aum Shinri Kyo, which grew from a harmless herb business into a doomsday survivalist cult, is a formidable enemy of society. The world can join the Japanese in relief that, after rounding up 200 followers capable of taking reprisals, the police allowed themselves to capture the leader while he meditated within a compound they occupied.
NEWS
August 1, 1993
For its next prime minister, its first in four decades outside the corrupting embrace of the Liberal Democratic Party, Japan is likely to get a modernist who comes out of a ruling family, a reformer who started out in politics with the LDP, a southern governor (sound familiar?) with contempt for the Tokyo establishment, a 55-year-old member of the post-war generation whose maternal grandfather, Fumimaro Konoe, was his nation's last civilian prime minister before Pearl Harbor.How long Morihiro Hosokawa can hold his disparate coalition of seven smallish parties together is a matter of intense speculation.
NEWS
By Paul Krugman | August 21, 2002
HOW MUCH has Japan's economy shrunk since its bubble burst? It's a trick question; Japan's economy hasn't shrunk. It had only two down years over the past decade, and on average it grew 1 percent per year. Yet Japan is a depressed economy. Because growth has been so slow, a gap has opened up between what the economy could produce and what it actually produces. This "output gap" translates into rising unemployment and accelerating deflation. Slow growth can be almost as big a problem as actual output decline.
NEWS
July 17, 1993
The election for the lower house of parliament tomorrow is the most decisive in Japan since 1955, when the Liberal Democratic Party began an unbroken 38 years of one-party government. Whether that era has ended, is perpetuated or is starting to crack will be decided.The LDP is intertwined not only with big business, the bureaucracy, gangsterism and corruption but also with Japan's unparalleled economic growth and personal economic security of the past 38 years. How to throw out the bath water while saving the baby is the Japanese voters' dilemma, and the parties have not made it easy.
NEWS
January 18, 1995
The devastating earthquake near Kobe yesterday showed that the Japanese know less about earthquakes than they had thought. This is bad news for others in highly developed areas prone to earthquakes, particularly California and Italy, because the Japanese probably know more than anyone else.Measuring 7.2 on the Richter scale, the Kobe quake had a known death toll yesterday of 1,800 and climbing, 1,000 missing, more than 6,000 injured and 70,000 displaced from more than 8,000 damaged or destroyed buildings.
NEWS
July 2, 1991
Japan, after its latest financial scandals, had better recognize that it has grown too big and too intertwined with the world economy to operate in isolation. It is folly to expect a prospering society based on cozy networking among its powerful interest groups to turn itself, willy-nilly, into something Westernized, open and free of xenophobia. After all, its present system has brought dazzling prosperity. But Japan, for its part, should realize that its major partners can tolerate only so much deviation from accepted norms of commerce, corporate practice and business ethics.
NEWS
By Thomas Easton and Thomas Easton,Tokyo Bureau of The Sun | April 8, 1994
TOKYO -- Stung by scandals and unable to effectively govern, Prime Minister Morihiro Hosokawa resigned today, ending a period of extraordinary optimism for political and social change in Japan.Mr. Hosokawa, whose resignation shatters the fragile coalition he has headed since last summer, announced at a press conference at 2:20 a.m. Eastern time that he would step down. During his statement to the press, he said there might be new problems stemming from management of his campaign finances.
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