Word: hirokichi
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Japanese businessmen generally viewed the program as still too little, too late. Noting that the plan must be approved by the Japanese Diet, Hirokichi Yoshiyama, president of Hitachi Ltd., said, "Its effect will not be visible" until the end of the fiscal year next March. Washington policymakers were more generous. One Treasury official described the plan as a "kick in the back" that will propel the non-Communist world's second largest economy forward. Said he with a sigh: "Now if we could only get the Germans to reflate as well...
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