Word: fuji
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Dates: during 1960-1969
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...college students tack pictures of Raquel Welch or travel posters on their walls, so merchants and tradesmen in 18th and 19th century Japan delighted in cheap, mass-produced wood-block prints, or hanga. These genre pictures showed well-known actors or courtesans of the day, picturesque views of Mount Fuji and picaresque travel scenes. They were known as ukiyo-e, literally "pictures of the floating world," because to devout Buddhists everyday existence was a transient stage in man's journey to nirvana. Yet the lasting charm and skill with which the Japanese craftsmen imbued their images have influenced Western...
When a superhighway linking Tokyo with the Mount Fuji resort area opened last month, Japanese officials predicted that it would cut travel time from four-hours to 90 minutes. Instead, bumper-to-bumper traffic clogged the new road so quickly that irate motorists began calling it "The Fuji Slowway...
...Toyota Motor Co.'s Corona and Nissan Motor Co.'s Datsun, both priced below $2,000, are now familiar sights. Last year, 110,000 Japanese cars-more than twice as many as in 1967-went to American buyers. Now two more manufacturers have entered the U.S. market. Fuji Heavy Industries is offering its low-priced $1,300 Subaru, and Honda, already known for its motorcycles, is pushing a $1,400 minicar. A third manufacturer, Toyo Kogyo, expects to make its American debut later this year with a car equipped with twin rotary engines...
...Complaints. On June 1, with the approval of Japan's rather toothless antitrust watchdog, the Fair Trade Commission, Fuji and Yawata will form the New Japan Steel Co., the world's second largest steel company after U.S. Steel Corp. Last year the two partners produced 25 million tons v. U.S. Steel's 32 million; they had sales of $2.5 billion. Under the presidency of Yoshihiro Inayama, now the chief of Yawata, the new company will employ 80,000 people in ten huge, highly integrated mills throughout Japan...
...Fuji and Yawata together account for 34% of Japan's burgeoning steel production. They have no complaints about complying with conditions imposed by the Fair Trade Commission, and have reduced their share of the market in heavy rails, tinplate and foundry iron, in which they would otherwise clearly hold a monopolistic position. Significantly, Japan's four other major steel firms showed no real opposition to the merger. "The other steel companies have become strong enough to withstand any kind of competition," explained Hosai Hyuga, president of Sumitomo Metal Industries. Indeed, some competitors are counting on the trend...