Word: hokkaido
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...accounts, Japan's biggest corporate failure since World War II. The country's fourth-largest brokerage firm, Yamaichi Securities, announced early Monday that it would shut down its business, reports Money Daily. The news, relayed to the press by Japanese authorities, comes just a week after Hokkaido Takushoku Bank, one of Japan's 20 largest banks, closed its doors...
...Japan's markets were influenced by news early Monday that ailing Hokkaido Takushoku Bank had been allowed to fail, and that its operations would be transferred to a regional institution, North Pacific Bank, as part of a plan set up by the Finance Ministry. Investors took this as a sign that authorities were at last taking active steps to help Japan's troubled financial sector...
...produced not the sound of democracy but an unbearable cacophony. Such racket is the implacable enemy of the reflection that democracy should encourage. I fear that despite the political correctness in some of its outward forms, Japan remains at heart and in spirit a profoundly undemocratic country. MICHAEL HOFFMAN Hokkaido, Japan...
...instant felicity was to go to Japan, a society that polls still purport to be among the most satisfied on earth. A principal reason for such fulfillment no doubt lay in one of the country's most alluring tourist attractions: a remote railway depot on the northern island of Hokkaido called Koufuku Eki, or Happiness Station. There, travelers whose feet had strayed from the path to contentment could set themselves aright by reaching into their pockets, plunking down $2.10 and buying, literally, "a ticket to Happiness...
Japan's most devastating earthquake in 45 years, measuring 7.8 on the Richter scale, destroyed villages and set fires across a small island near Hokkaido, the northernmost of Japan's main islands. At least 166 people were killed -- most by the 10-ft.-to-30-ft. tidal waves, or tsunamis, that swept victims into the ocean and tossed boats onto the shore...