Word: japanization
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Dates: during 1990-1999
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Within the past 20 years, Arboretum staff has joined in expeditions to the Caucasus region of the former Soviet Union, the People's Republic of China, Japan, South Korea, Taiwan, Europe, North Africa and regions of North America in search of plants for the Arboretum's collections. However, the staff concentrates mostly on collecting plants from the Boston region. Many of the accessions are the original plant introductions into North America from eastern Asia. All plants and trees are labeled...
...YORK: Stop worrying so much about those third-quarter corporate earnings reports. The U.S. markets' best chance to shake off their October blues is the passage of a bank rescue package in Japan. And while Tokyo has been something of a watched pot on the subject for almost a year now, some encouraging action Tuesday in the Japanese parliament has raised the prospect of the measures becoming law by Friday. And that has visions of a global economic recovery dancing in Wall Street watchers' heads...
...crunch and balance-sheet contraction" that seems to be getting steadily worse. He runs down a kind of box score: nine of 13 countries on the Pacific Rim of Asia that once accounted for a third of world output "are in depression or recession, and we're still counting"; Japan, the world's second biggest economy, "is still going down--it looks like a drop of 2% this year"; in Latin America, Venezuela and Colombia are in recession and Brazil is "in a very dicey situation," saddled with an overvalued currency. Argentina also "is at risk because a chunk...
...decision makers are focused in totally different directions, and there is no incentive to coordinate," explains Gordon. The German Bundesbank, for example, is preoccupied with smoothing Europe's conversion to a common currency, the euro, and Japanese interest rates are already so close to zero that the Bank of Japan thinks it has no room to maneuver...
...course, boosting domestic spending is precisely what Robert Rubin and other U.S. economic officials urged Japan to do -- six months ago. These days, with Japan mired in a two-year recession, the deepest since WWII, and its debt-riddled banks fresh out of investment capital, the occasional TGIM shopping day looks a lot like too little, too late. And there's still no guarantee that the Japanese, known as compulsive savers, won't just buy $250 in gold and bury it in the backyard...