Word: japanism
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Calling the current economic downturn the “worst financial crisis since the Great Depression,” Jeffrey A. Frankel, a Kennedy School professor in capital formation and growth, warned against a potential long-term depression, such as the one that Japan experienced in the 1990s...
...Japan, once the world's biggest donor nation, is stepping up efforts to boost its influence in resource-rich developing countries by creating a super agency that will dispense billions of dollars a year in foreign aid, most of it bound for Africa and Asia - regions where China is rapidly increasing its clout as an aid donor and commercial partner...
...regional economist at CIMB-GK Research in Singapore. "They all face the downturn with a few more bullets in their pocket than they had in the past," he says. The high growth rates of the past several years provide an additional buffer. With the exception of slow-growing Japan, which may already be in a recession, Asian countries will likely account for the majority of the world's GDP growth this year...
...linked by trade in manufacturing parts and machinery. Slower sales to the U.S. mean reduced orders up and down the supply chain. "There are people who say you can still export to the emerging economies, especially in Asia," says Jun Saito, director general at the economic research bureau for Japan's Cabinet. "But you can't rely on exports to Asia for very long." This distress was reflected in Japan's most recent Tankan index of confidence among large manufacturers of cars and electronics, which fell to its lowest level in five years...
...It’s the opposite at other schools,” she said, adding that it was unfortunate because the IHP only offers semester programs. Other tables advertised cultural immersion exchanges, such as the Kawamura Fellowship, which offers a fully sponsored five-week trip to Japan, South Korea and Thailand, promoting international exchange. “It’s kind of hard for students to believe that this sort of program exists,” said Austin Oehlerking, representing the fellowship. “They think there’s a catch...