Word: closers
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Dates: during 2000-2009
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...global economic crisis dealt a blow to Japan's export-led economy, and there was little to fall back on. Domestic consumption and investment need to be closer to the center of economic growth, and that requires major change, including regulatory reform. Leaning less on export-oriented growth doesn't mean cutting back on exports if the government uses deregulation to stimulate domestic consumption, says Naohiro Yashiro, an economics professor at Tokyo's International Christian University. The DPJ plans to do that by increasing household income through monthly child allowances and the elimination of highway tolls, which should have...
...powerhouse for growth in Asia. Japan, which has helped build the region with economic assistance and technology, needs to continue to cultivate Asia's economic potential and strengthen diplomatic ties. "Japan can benefit from high Asian growth rate even with low domestic demand," says JPMorgan's Kanno. Closer relationships with Asian economies, he says, are a must, particularly in terms of agricultural trade and free-trade agreements. "If Japan accepts more agricultural imports, then it will have closer relations and trade volume will rise." Kanno says agricultural reform has the potential to have more of an impact than the overhaul...
...apologized for the sluggish response, expressing his regret in a deep, seven-second bow to the nation and pledging to overhaul national rescue operations. In his over one year in office, Ma has reached many milestones in relations with China, such as establishing direct transportation and closer economic ties, all of which are helping Taiwan weather the financial storm. But his approval ratings have dropped dramatically after Morakot. "President Ma faces a very serious crisis," says Chiu Hei-yuan, a sociologist at National Taiwan University. "He'll still have a chance if he does very well with the reconstruction." That...
...invitation came as Taiwan and China have dramatically improved their relations after decades of enmity. Ma has made closer business ties and cultural exchanges a signature issue of his 15-month-old administration...
...Party leader Yukio Hatoyama, set to become Japan's next prime minister, has been vocal about distancing the country from Washington and forging closer ties with its Asian neighbors...