Word: genkichi
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Dates: during 2000-2009
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...north of Tokyo, was once an electronics boomtown, home to an Aiwa compact-disc factory and six other manufacturers. In January, loss-making Aiwa shut down the plant - and all of its factories in Japan. "People working there, at first, said, oh, this won't affect us," says Genkichi Kon, who operated a snack shop inside the plant. "But gradually, one by one, people were restructured [translation: fired]." Two other factories have also closed. "People in our town are spending their savings for their everyday life," says Yahaba mayor, Mitsuro Kawamura, echoing a trend the government reported in January...
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