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...Throughout Japan, managers are slashing production and restructuring to try to weather the economic downturn, which economists say could continue for the next two or three years. "Demand has been falling off a cliff since the collapse of Lehman Brothers," says Hiroshi Shiraishi, an economist at BNP Paribas in Tokyo. Shiraishi says exports declined a "massive" 15% in real terms last quarter...

Author: /time Magazine | Title: Sony's Woes: Japan's Iconic Brands Strained | 2/2/2009 | See Source »

...Fukuda announced on March 27 that he would free up the gas tax revenues now dedicated to building roads for general spending from fiscal 2009 to 2010, in an attempt to break the deadlock over the gasoline surcharge issue - although it didn't work. Neither did the proposal of Hiroshi Watanabe, the person Fukuda nominated on Monday for the deputy governor position. Again, the DPJ was expected to veto a former official of the Ministry of Finance. In terms of BOJ nominees, it looks like the parties are tied at 3 - but at least when it comes to this Friday...

Author: /time Magazine | Title: Row Ends Over Japan's Central Bank | 4/8/2008 | See Source »

...choreographed the GT-R's journey from a Japanese concept to Germany's famed Nürburgring racetrack, where it clocked 0 to 60 m.p.h. (100 km/h) in 3.2 sec., a wink faster than Porsche's GT3. "Mizuno was responsible for cherry-picking those he wanted to work with," says Hiroshi Hasegawa, chief designer of the GT-R. "Information cascaded from him." A veteran racing-system developer and director, Mizuno asked Ghosn to allow for a race-car development method. He started in December 2003, using early data on the GT-R concept to teach others how to reach the targets...

Author: /time Magazine | Title: Revving Up Nissan | 3/13/2008 | See Source »

...system during recent meetings to establish an OECD-administered mechanism for measuring the performance of universities worldwide. Some schools are trying to adapt. In November, Tokyo University - or Todai, the 130-year-old "Harvard of Japan" - partnered with Yale to increase its visibility abroad. Tokyo University President Hiroshi Komiyama says he wants to double the proportion of graduate courses taught in English to 20%. (About 8% of Todai's students are foreigners, compared with an average of 3% for all Japanese universities and colleges...

Author: /time Magazine | Title: Class Dismissed | 3/6/2008 | See Source »

...police officer who helped elderly pedestrians pass the train crossing, and kept an eye out for the drunken salarymen who, buzzed from a night of office imbibing, threatened to take headers off the platform. "He held the safety of the people in this community as his top priority," says Hiroshi Kawano, a local grocer. Miyamoto was an ordinary omawari-san - Mr. Patrolman - one of thousands of cops who man the kobans, the police booths, found in even the smallest Tokyo neighborhoods and many of which the city, in a cost-cutting measure, may soon shut down...

Author: /time Magazine | Title: Mourning a Humble Hero | 2/20/2007 | See Source »

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