Word: japanization
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Dates: during 1960-1969
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...RUINED MAP, by Kobo Abe. In this psychological whodunit by one of Japan's best novelists (The Woman in the Dunes, The Face of Another), a detective turns a search for a missing husband into a metaphysical quest for his own identity...
...minimize start-up headaches, banks now tend to join one of two major groups. The largest group is run by San Francisco's Bank of America. Its decade-old BankAmericard, available in 44 states, is interchangeable with Britain's Barclaycard, Canada's Chargex and Japan's Sumitomo. The other is Interbank Card Association, organized by eight banks in 1967 and now operating in 41 states; its card is also recognized in Europe. BankAmericard insists on certain credit standards, but Interbank lets members decide "creditworthiness" themselves...
Fortunately, opportunities still exist for a compromise. Nixon himself has speculated that the U.S. might make concessions in its Okinawa policy if the Japanese accepted textile quotas. The U.S. might also be willing to make the quotas fairly liberal, provided that Japan would open its domestic economy more widely. Indeed, if the U.S. settled for mild textile quotas, the Japanese might permit U.S. auto firms to start joint manufacturing ventures in Japan, as Ford and Chrysler are already negotiating to do. Prime Minister Sato is expected to tell Nixon in Washington that the Japanese auto industry will be opened...
Mile-Long Trains. In the project, the two principal Australian companies -Broken Hill Proprietary Co. and Colonial Sugar Refining Co.-have an impressive line-up of international partners. American Metal Climax has a 25% interest; Japan's Mitsui and C. Itoh and Britain's Selection Trust Ltd. hold lesser shares. Their hardest job has been to get the ore out from the Mount Newman area, which is 780 miles by road from the nearest large city, Perth. In just 14 months, U.S. and Canadian companies laid down 265 miles of railroad track to connect the site with Port...
...first shipments of ore from Por1 Hedland went to Japan, which will be Mount Newman's biggest customer. The Japanese have contracted for 146 million tons, worth $1.2 billion, over the next 15 years. European steel mills have agreed to buy 1.5 million tons by 1989, while 70 million tons will go to Australian mills. Australian steelmen are also considering building enormous integrated mills that would be fed by Mount Newman and other western iron mines. When that happens, proud Australia will indeed be master of her vast iron reserves...