Word: fuji
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...centuries, the Japanese reverently visited the fabled village of Fuji. Set between snowcapped Mount Fuji and the shimmering Pacific, the place inspired poets and printmakers to create misty images of man's harmony with nature. Today Fuji is a small city (pop. 183,000), and tourists still come by the busload. Instead of beauty, they find man-made blight...
...minimize the risk, Premier Sato's government has been urging Japanese businesses to grow stronger by merging. In notable response last week, Japan's two leading steel producers, Yawata and Fuji Iron & Steel, joined forces to become the Nippon Steel Corp. The new company is the world's second largest steel producer, behind U.S. Steel. It is also Japan's largest corporation, with annual sales of $3.1 billion. Together the two companies last year produced 31.5 million tons of crude steel, or 36% of Japan's total. In a period of resurgent Japanese nationalism...
...Yawata-Fuji merger, which markedly strengthens Japan's basic industry, comes at a propitious time. The government will soon inaugurate a new economic plan that calls for an annual growth rate of 10.6% and a doubling of the per capita income to $2,778 by 1975. Since the impossible is commonplace in the Japanese economy, critics are already calling the plan too conservative...
...waste a day. The city is trying to reduce its overhanging pall of smog by persuading homeowners and industrialists to switch from coal to fuel oil (at a cost of increased carbon monoxide). But a 15th century samurai's poem boasting that the city "commands a view of soaring Fuji" is now a wry joke...
...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...