Word: 1990s
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...which expired in March, is a remnant of former Prime Minister Junichiro Koizumi's era of reforms in the late 1990s and early 2000s, when the government recapitalized and even nationalized some of its major banks after real estate and stock-market bubbles burst. The government says it currently plans to take a localized approach to intervention to make sure weaknesses it sees chiefly in regional banks don't develop into a systemic infection. Japan's regional banks don't appear to be facing an immediate crisis, say economists, but the government wants to be prepared. "It's a safety...
...Poland, eight poorer Eastern European countries quietly but firmly said the emission cutting plans were too expensive. The eight are heavily reliant on coal and argue that they have achieved "the vast majority" of the E.U.'s CO2 reductions by shutting down heavily polluting old industrial plants in the 1990s...
...inflation problem of their own. What's tricky is that the alternative is also a serious possibility: if household spending and business investment drop sharply and exports don't take up the slack, Europe could be confronted with deflation of the sort that took hold in Japan in the 1990s. "We're somewhere between the two," says Riches-Flores of Société Générale...
When the Harvard Quiz Bowl team was winning national championships in the mid-1990s, its leader, an English graduate student named Jeffrey G. Johnson, was the stuff of legends. It was rumored that he had read 10,000 books, and that watching him take in a volume was like witnessing somebody leaf through a magazine...
...already apparent that as a high school player, he was absolutely dominant,” notes the Harvard team’s de facto coach Dennis Loo, a self-described “professional gambler and physics tutor” who played for Virgina Tech in the late-1990s...