Word: honda
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Dates: during 1970-1979
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...Japanese are making steel in Malaysia, drilling for oil off Indonesia, building cars in the Philippines and assembling television sets in Taiwan. Half a million Honda, Yamaha and Suzuki motor bikes put-put along South Viet Nam's roads, and little Sony radios are to be seen everywhere. "The people feel that we are being invaded," says Thailand's Economic Affairs Minister Bunchana Atthakor, "this time economically...
...only way to do so was by going over the heads of the elected lawmakers. Accordingly, he invoked a law left over from the days of the autocratic Ngo Dinh Diem to decree a massive austerity program that sought to soak up cash surpluses by sharply increasing taxes. Honda motorcycles quickly leaped in price from $200 to $400 and American cigarettes from $2.10 to $2.80 a carton...