Word: ishibashi
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Dates: during 1956-1956
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According to a Tokyo columnist, Tanzan Ishibashi never learned to count money as a boy, and in early manhood was something of a spendthrift. Today, at 72, Ishibashi is one of Japan's foremost economists, but a reputation for unorthodoxy persists. Last week, becoming Japan's new Premier (TIME, Dec. 24), his first act was to attempt to discount widespread impressions that he: 1) favors an inflationary policy; 2) plans unlimited trade with Red China; 3) opposes U.S. policy on Japan...
...talks with industrialists, Ishibashi said that while he favored an "expanding economy," he would keep tight control over government spending. Insisting that he was not opposed to U.S. policy in general but only to U.S. Army economic decrees, Ishibashi nevertheless promised to observe the embargo on shipments of strategic goods to Red China. He then offered the Foreign Ministry to his chief Liberal-Democratic rival for the premiership, conservative Nobusuke Kishi, 60, onetime economic czar of Manchuria, one of whose electoral handicaps was the fact that he was a member of the Tojo Cabinet at the time of Pearl Harbor...
Three candidates for the succession, all hale and heartily conservative but not a great deal younger than Hatoyama, presented themselves: Nobusuke Kishi, 60, the party's crafty, pushing secretary-general; Mitsujiro Ishii, 67, its astute planning chairman; and Tanzan Ishibashi, 72, oaken-faced Minister of International Trade and Industry. With no real dispute about policy between them, all vied in vowing to "clean up the party and restore ethics," and boasted of their health. Kishi pointed out that he was the youngest; Ishibashi crowed that "I can eat and drink anything," and that he sleeps well. Amidst reports...
...first ballot Kishi was way out front, and Ishii, finishing third, was automatically eliminated. On the second ballot Ishii threw his strength to Ishibashi, and it was enough to give Ishibashi a narrow victory over Kishi...
Twice-Flunked Liberal. U.S. officials in Tokyo are inclined to regard Ishibashi as "anti-American," but then, all three conservative candidates, with an eye on Japan's postwar generation of new voters and its rising Socialist tide, have been talking up the need of a "readjustment" of U.S.-Japanese relations...