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SQUARE-JAWED Hayato Ikeda, 60, is a hard man with a yen and a free man with his tongue. Back in 1951, as Finance Minister under Premier Shigeru Yoshida, he stirred up a storm by suggesting that if peasants could not afford rice under his austerity program, "then let them eat barley." A year later, while waging war on the black market, he lost his post as Trade Minister for remarking that "if black marketeers are driven to suicide by my methods, it can't be helped...

Author: /time Magazine | Title: Foreign News: HARD MAN | 7/25/1960 | See Source »

...Cake. Even the choice of his successor brought untidy dispute. From all over Japan, Liberal Democratic delegates convened in Tokyo to pick a new party president, who would automatically become the party's nominee for Premier. Kishi's choice was Trade Minister Hayato Ikeda. But ability or ideology had little to do with the battle. As is their custom, big Japanese business firms, hoping for future friendly treatment in such matters as import licenses, taxes and government contracts, backed one or another of the eight party factions to the tune of $4,000,000. By common consent...

Author: /time Magazine | Title: JAPAN: The Last Blow | 7/25/1960 | See Source »

...Instead of uniting in the face of crisis, the eight factions that make up the Liberal Democratic Party were engaged in savage infighting over who was to succeed Kishi. Japan's big businessmen, anxious to get the country back to normal, were throwing their weight behind Trade Minister Hayato Ikeda, 61, the tough-minded economist who had helped the U.S. occupation's Economic Adviser (and Detroit banker) Joseph Dodge lick Japan's postwar inflation. The Socialists hinted that they might offer parliamentary support to Kenzo Matsumuru, one of the 27 Liberal Democrats who did not vote...

Author: /time Magazine | Title: JAPAN: The Lull | 7/4/1960 | See Source »

...documents are exchanged in Tokyo (possible date: June 27), he is expected to step down as Premier. His resignation will be followed by national elections, which even the Socialists concede will be won by Kishi's party, the Liberal Democrats. The likely new Premier: Trade Minister Hayato Ikeda, 61, who was one of the very few to support Kishi to the end. A Liberal Democratic spokesman said, "Kishi has become a scapegoat. He has taken on his own shoulders the hate against conservatives, the hate against America, the hate against everything." Then with cheerful and almost mindless optimism...

Author: /time Magazine | Title: JAPAN: The Expendable Premier | 6/27/1960 | See Source »

Proclaimed Finance Minister Hayato Ikeda, one of Japan's few competent cabinet members, who had done the spadework with Joe Dodge: "Real political freedom cannot be hoped for where there is no economic independence. If we Japanese prefer to lie idly dependent on the help of foreign countries, we would be disgracing both our forefathers and our children...

Author: /time Magazine | Title: JAPAN: New Door to Asia | 5/9/1949 | See Source »

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