Word: japanization
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Dates: during 1990-1999
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...bird! It's a three-stage missile! No, it's a satellite. In a highly dubious twist to the ongoing military tension between North Korea and Japan, the Korean Central News Agency now claims that the ballistic rocket fired five days ago was not a test -- but the launching of Pyongyang's very own Sputnik. "Our scientists and technicians have succeeded in launching the first artificial satellite aboard a multi-stage rocket," KCNA said Friday. Not only that, but this little orbital wonder is apparently transmitting "the song of General Marshal Kim Jong Il" across the globe at this very...
...Japan's politicians fiddle with banking reform, the country's economic rot is striking deep into the flagship industries of steel and electronics. Hitachi has announced its first annual loss since the end of the Second World War -- about three quarters of a billion dolllars -- and it's cutting 4,000 jobs. Did somebody say "lifetime employment"? Meanwhile, steelmaker Toa, sagging under some $2 billion in debt, is reported to be pursuing a liquidation program. It would be the largest Japanese manufacturer ever to fail...
WASHINGTON: Talk about a shot across your bows. North Korea's test-firing turns out to have been a two-stage ballistic missile -- one with the accuracy of a Scud -- that crossed Japanese territory and splashed down in the Pacific Monday morning, according to Japan's Defense Agency. Now an outraged Japan is refusing to back a deal to build nuclear reactors in North Korea, effectively scuppering the nuclear freeze negotiations under way in New York. What was Pyongyang thinking...
...there was a message in the missile, it wasn't directed at Japan. "North Korea is one of the most proliferating weapons builders in the world," says TIME Pentagon correspondent Mark Thompson. "This is like the test track". Customers such as Iran and Pakistan, who both bought dozens of North Korean Rodongs, are bound to like the look of this new 1,240-mile-range Daepodong -- which is literally twice the missile the Rodong was. Kim Jong Il, soon to be installed as president, has a nice firework for his inauguration. And North Korea's starving millions -- well, they...
...poor performance from the markets closest to the eye of the storm. But it's a picnic compared to the continuing collapse in Asia. The Nikkei sank to a 12-year low. Hong Kong, which had seemed immune on Thursday, plummeted on news that it had joined Japan in the recession club. The former colony's economy shrank a whopping 5 percent in the second quarter, virtually wiping out all of 1997's gains in one go; officials had originally predicted 3.5 percent growth. "This is outside of our control," whimpered Finance Minister Donald Tsang -- laying the blame at Japan...