Word: japanization
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Dates: during 1990-1999
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...most successful Capital Campaign and the largest endowment of any university in history, Harvard's billions are pouring in faster than ever before. In the process, Harvard is also diversifying its sources of funding, receiving money from governments, companies and private individuals as far away as Jordan or Japan...
...embodies the spirit of global cooperation. The principal research is conducted at two large-scale industrial laboratories: the Sanger Centre in England and Washington University in St. Louis. The team decoding this particular chromosome (Chromosome 22--chosen because it is the shortest) also included scientists at Keio University in Japan and at the University of Oklahoma. Together, they produced a novel-length string of letters that identify the thousand or so genes at all points along the chromosome...
Amen. Even as giants like Nissan and Mitsubishi are racked by restructuring woes, new start-ups emerge every day in Japan. To be sure, their ranks are puny by U.S. standards, but the movement seems to have taken hold. This fall 2,300 enthusiasts turned out for a meeting promoting the establishment of a NASDAQ over-the-counter market in Japan. Old business models are being tossed aside like yesterday's sashimi. The hero of a popular novel is the young president of a chain of bars. One of Japan's biggest growth industries is continuing education. And Tokyo...
...Tokyo business figure who has dabbled in politics, Attackers offers a six-month course with guest lectures by star entrepreneurs like Softbank's Masayoshi Son and Masahiro Origuchi, the 38-year-old chairman of Goodwill Group, a prospering new agency for temporary workers. "These are the Michael Dells of Japan," says Ohmae. "The bright ones are jumping off the old companies, which are going to end up destroyed...
...hope for Japan now is that the new will rise on the ashes of the old. It won't be easy. There's no flood of new money on which to float a lot of start-ups, nor is there patience for companies that don't start making money immediately. The threat of massive failures at the big old companies has already drawn a backlash from top politicians who want to preserve lifetime employment. Next March, analysts predict, Nissan will announce an even bigger loss. But then, what's bad news for Nissan is good for Japan. --By Frank Gibney...