Word: japanism
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...news of Michael Jackson's sudden death dominated Friday morning television programs in Japan, Tokyo music stores didn't miss a beat. The singer's death has already spurred album sales worldwide. The HMV display was hastily set up in the Summer Sale section with more than ten of Jackson Five and Michael Jackson solo albums. A sign read: "MICHAEL IS FOREVER. R.I.P. JACKO." (See Michael Jackson's top 10 songs...
...Jackson's fan base in Japan started to grow after the Jackson Five's first tour here in 1973. Sales of "Off the Wall" (1979) reached 500,000, followed by 2.5 million copies sold of "Thriller", which sold an estimated 105 million copies worldwide. The star did a scooter commercial for Suzuki Motors in 1982 - the year "Thriller" came out - in which he says "Love is my message" and winks. (See TIME's 1984 cover on Michael Jackson...
...unlike some corners of the globe, where tabloid infamy and legal troubles started to make inroads on his ticket sales, Japan proved to be a more forgiving audience for Jacko. In 1996, two years after he paid some $22 million to the family of a child he was accused of molesting, he performed eight sold out concerts at Tokyo Dome. In 2007, Jackson hosted about 300 of his loyal fans who each paid more than $3,500 for a buffet dinner and concert by Japanese Jackson impersonators - with the main attraction being a 30-second private meeting with Jackson. Jackson...
...contrast, East Asian economies have robust balance sheets, except for Japan. Unlike the U.S., China and South Korea do not need to print money to fund their stimulus packages. And their spending is geared toward the future rather than toward mopping up the excesses of the past, as the U.S. must do. Green projects account for 81% of South Korea's economic-stimulus programs and 38% of China's - the proportion in the U.S. is just...
...Will East Asia win the green race? The Europeans, who are leading the way on carbon-trading, are very much in the game, particularly in recycling and solar and wind power. Japan, China and South Korea also have some delicate issues to settle. One of the most contentious is likely to be intellectual-property protection, which is not particularly strong in China. And the U.S. may still be a contender. Sputnik sparked an extraordinary American effort that culminated in Neil Armstrong's 1969 moon walk, which sealed the U.S.'s supremacy in space. Last month, Washington launched a $25 billion...