Word: hokkaido
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...Democratic parties. They have more things in common than not. Nader may not have achieved his goal of getting 5% of the vote, but it's nice to know that the seeds of change are sprouting underground, soon to be ready for their chance in the sun. CHRISTINE DESJARDINS Hokkaido, Japan...
...brought to mind the hurtful results of cruel policies toward minorities. The issue of the terrible treatment of the Aborigines is one not only for Australians but also for the rest of us. There are examples in the behavior of the Asian people in wartime and toward the Ainu, Hokkaido's distinctive people who have been supplanted by the Japanese. SHIRO MATSUMOTO Chiba, Japan...
Things are so bad here that the prospect of one bank's demise conjures up images of a cataclysmic cascade of failures. With some reason: the collapse last November of the Hokkaido Takushoku Bank shattered the economy of Japan's northern island of Hokkaido. Affiliated lenders and thousands of businesses went bust. Since then the prognosis for the nation has worsened steadily. In reaction, commentators have lashed out, blaming the nation's woes on everything from American "free-market imperialism" being forced on Japan's financial system to a laggardly birthrate...
Nagano, though only 120 miles northwest of Tokyo, has long been the provincial capital farthest in time from the center of Japan since unlike the cities on the outlying islands of Hokkaido and Okinawa, it has never had an airport. Even now, with a million Olympic visitors expected, the nearest airport to the Main Press Center consists of a modest, two-story box appointed with exactly four check-in counters and one baggage carousel, 75 min. away by (very occasional) bus. As your plane takes off from Matsumoto, the technicians all line up on the tarmac to wave goodbye...
Then last week Japan tried the unthinkable: regulators let a prominent yet insolvent bank, Hokkaido Takushoku, go bust. Instead of a panic, Japan's Western-style measure elicited a Western-style response: stocks surged 11% in two days. Imagine the rally if they had killed a bigger bank. Investors in the U.S. aren't strangers to the perversity of free markets. How many times have you seen a company so down that it says it must shed thousands of jobs, and the stock zooms? So ingrained is this convoluted logic that the mere appointment of a CEO known for tough...