Word: emperors
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...veteran hard- liners. Yet Deng, 85, remains locked in a paralyzing succession struggle that precludes any but the most cosmetic policy changes in the near future. "What we are seeing is the classic politics of the end of an era," says a senior Asian diplomat in Beijing. "Since the Emperor never retires, we must wait until he dies." Until then the kingdom and its subjects can do little but wait and wonder what will follow...
...party and the army, in fact, are the only two viable institutions in China, and the army is in the service of the party. That leaves only one channel for positive change: a new, more enlightened Emperor who will reform the system from the top down. Such a leader can come forward, of course, only after Deng has died. But even if a Chinese version of Mikhail Gorbachev does take office, he will have to tread carefully. As the students camped out in Tiananmen Square discovered that fateful night last June, any attempt to change China too quickly...
...EMPEROR AKIHITO...
Coin fanciers responded excitedly in 1986 when Japan began issuing its first gold coins since World War II. Minted by the Bank of Japan to commemorate the | 60th year of Emperor Hirohito's reign, the 24-karat pieces were coveted by collectors even though the Ministry of Finance set the price of the 20-gram coins at 100,000 yen (now $690) -- more than twice the value of their weight in gold. To meet heavy demand, Japan minted 11 million coins...
Despite the well-plotted scam, the Ministry of Finance plans to issue another series of 20-gram gold coins with a face value of 100,000 yen this fall to commemorate the enthronement of Japan's new Emperor, Akihito. Officials are studying ways to modify the coin's design or packaging to prevent new forgeries...