Word: fuji
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While the latest numbers are impressive, Japanese businessmen and bankers are not overly optimistic. Says an official of the Fuji Bank, one of the country's largest: "It's all relative, really. The improvement looks all the greater because things were so incredibly bad last year." There are also worries that the recovery is not broadly based, since it has been paced almost entirely by that famous Japanese specialty, exports...
Early experience as a victim has moved some medical saints to serve others. As a girl, Yaeko Ibuka was sent to a leprosarium near Mount Fuji. There she became a Catholic and resigned herself to disfigurement and death, only to be told that she did not have leprosy after all. Though free to return home, she says, she "understood for the first time the power of God's love," and stayed. Now, 55 years later, Yaeko Ibuka is known as "the angel of Fukusei Byoin." At 78, she continues to offer her gentle, unstinting care to the lepers...
...program to stimulate home demand: it has authorized $6 billion in additional spending for public works and housing, and lowered the central-bank interest rate from 9% last year to 6.5%. Businessmen insist that that is not enough, and they do have some problems. An expert at the Fuji Bank estimates that one out of every four of Japan's debt-laden companies is operating in the red, and in a nation where unemployment has been almost unknown, some university seniors face trouble getting a job. One survey of 1,586 corporations found 511 planning not to hire...
...Japan in 1968 to join the faculty of Prairie State College in Chicago Heights. So far, with the help of small contributions from the city, the U.S. Government and the Stone Foundation, Yamashita has painted the side of an old apartment building with a picture of waves surrounding Mount Fuji, hung a thick, 165-ft.-long, rainbow-hued rope from the roof of another structure, and rainbowed-rainbows are his thing -the grim walls of a sunken roadway...
...Japan's oil troubles, a huge storage tank ruptured last month at the Mizushima industrial complex in the city of Kurashiki. About 50,000 bbl. of oil poured into the Inland Sea-a national park area as beloved as Mount Fuji-and tarred 100 miles of scenic coastline. Beyond the aesthetic damage, which has caused a national outcry, the spill has wreaked havoc with the local fishing and edible seaweed industries; losses are estimated at $40 million...