Word: hashimoto
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Dates: during 1990-1999
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...earmarked to jolt the economy awake. Granted, nothing seems to have worked yet. But the U.S. intervention to bolster the value of the yen last month and a stream of editorials decrying Japan's lack of resolve have spurred Tokyo to further action. Just last week, Prime Minister Ryutaro Hashimoto announced the establishment of a national bank to enable Japan to close insolvent banks while protecting their honest borrowers. He later said he would support a permanent...
That goes for the whole country. Analysts predict that if the ruling Liberal Democratic Party does well in this weekend's parliamentary election, Hashimoto may win the clout he needs to push for controversial reform. Yet voter turnout is expected to be low, mainly because the public is disgusted with the political system. Moreover, an L.D.P. victory would depend on traditional supporters like farmers and construction workers, who are against reform because it would threaten their contracts and subsidies...
...RYUTARO HASHIMOTO Beleaguered Japanese chief would have loved Clinton to drop in, but Bill rides the China clipper home...
TOKYO: Skeptics abounded when Japanese prime minister Ryutaro Hashimoto signaled a move toward permanent tax cuts during a campaign speech on Friday. But you could forgive U.S. officials if they were feeling better after Foreign Minister Keizo Obuchi, in a joint news conference Saturday with U.S. secretary of state Madeleine Albright in Tokyo, described permanent tax cuts as a "promise" that Japan intended to keep...
...didn't even last the weekend. Starting with a nationally televised retreat from his pledge by Hashimoto on Sunday, Japanese officials have executed an impressive flip-flop. Hashimoto hadn't actually "used the words 'permanent tax cuts,'" said Deputy Chief Cabinet Minister Teijiro Furukawa, and Obuchi "didn't make a public promise." That rug-pulling sent both the yen and the Nikkei index tumbling in Monday's trading and left the rest of the world wondering whether any of Japan's promises to anxious U.S. officials over the past few months have been worth anything at all. It certainly doesn...