Word: japanization
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Dates: during 1990-1999
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...this much for North Korea's quirky leader, Kim Jong Il: he knows how to get the world's attention. Early last week, a powerful new missile lifted off from a secret base on North Korea's eastern coast and streaked toward Japan. Dumping its first stage off the western coast of Japan, the rocket sped high over the country and plunked down into the Pacific Ocean. But it packed a political wallop that resounded in capitals from Tokyo to Washington. The message: North Korea may be broke and short of food, but the Stalinist state has a dangerous...
With a range of up to 1,240 miles, far greater than anything else in the North's arsenal, the Taepo Dong-1 can reach all of Japan--and the 41,000 U.S. troops stationed there. The missile also raised the prospect of new threats to the U.S. and its allies in the Middle East, where Pyongyang sells its missiles to clients like Libya and Iran. More worrisome still is what the launch says about Pyongyang's aggressive missile program. Some experts believe North Korea is well on the way to building even more muscular missiles, capable of reaching Alaska...
...just not credible that the U.S. can remain an oasis of prosperity unaffected by a world that is experiencing greatly increased stress," Greenspan said in a speech at the University of California, Berkeley. Then he headed off to join Treasury Secretary Robert Rubin in a meeting where they urged Japan's new Finance Minister to deal with his country's insolvent banks and other financial troubles, which are dragging down not only the huge economy and financial markets of Japan but also those of other Asian countries...
...exports are down, falling globally from an annual rate two years ago of 700,000 tons to the present 30,000 tons, much of which is accounted for by Asian markets. But far more worrisome is the tough competition in the U.S. market from cheap steel made in Japan, Korea and Russia. Currency devaluations in those countries have made their products cheap for American buyers, says chairman Ken Iverson. "The U.S. is the only economy left that's doing well, so they're going to ship it all here." That makes America the consumer of last resort--a lifeline...
...TOMS RIVER EAST, the pint-size baseball team from New Jersey, defeating Kashima, Japan, 12-9, after twice giving up the lead, at the Little League World Series; in Williamsport...