Word: abroader
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...Japan's charm offensive is taking shape on several fronts. Cash-flush Japanese banks, which have only just emerged from their own decade-long debt crisis, are infusing money into distressed companies such as Morgan Stanley. Japan Inc. is going on another of its famous investment sprees abroad, opening factories and representative offices across Africa and Asia. In October, the country's central bank even offered part of its nearly $1 trillion in reserves to financially strapped nations like Iceland. In November, Japan also expressed willingness to lend up to $100 billion to the International Monetary Fund...
...responsibility to engage with - and help - the rest of the world. Peace Winds founder Onishi is just one of a growing group of Japanese who have founded their own international NGOs. Instead of being automatically vacuumed up by domestic firms, many top university graduates are eager to work abroad. The number of Japanese who studied at foreign universities tripled from 1990 to 2004, to 82,925 students...
...International Cooperation Agency, which, after a massive reorganization this year, has become the world's largest bilateral development agency, with more than $10 billion at its disposal. Up next on the tireless 81-year-old's agenda is publicizing more effectively all the aid work that her homeland conducts abroad. "Japan doesn't go around bragging about what it has done," says Ogata. "But Japan's reticence and modesty has not been very helpful in terms of information about what it does in the world...
...nation to look anew at its role in the world. A crucial consideration is the nation's dwindling birth rate. Japan is running out of workers. To fill its factories and care for a graying population, the Asian nation will need to import ever greater numbers of laborers from abroad. What better way to lure skilled immigrants to Japan - ones who might be just as interested in moving to the U.S. or Australia - than piquing their interest in all things Japanese...
...much as Japan is exerting its influence abroad, the country needs to welcome the world to its shores, too. Back in the 1980s, during Japan Inc.'s first global foray, many of its mergers and acquisitions languished because overseas employees chafed under the strictures of Japanese management. In the same way, unless Japan relaxes its rigid immigration policies, cultivating foreign Japanophiles will be a waste of time. Indeed, in moving beyond Japan's insular past, Prime Minister Aso might do well to take inspiration from a cuddly cat. Hello Kitty, it turns out, may not be ethnically Japanese. Her surname...