Word: eimei
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Dates: during 1980-1989
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...Japanese back-scratching known as amakudari-literally, descent from heaven. It refers to the practice whereby retiring top bureaucrats are quickly hired as top executives of the companies they once regulated. Yusuke Kashiwagi, a former Finance Ministry official, is now president of the Bank of Tokyo; Eimei Yamashita, a former trade official, is a managing director of Mitsui & Co.; there are many more...
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