Word: japanize
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...Absent an economic miracle, it's possible Japan's political landscape will change dramatically in the next several months. The LDP has been Japan's ruling party for most of the past 50 years. But if deteriorating conditions force Aso to dissolve the Diet's lower house soon, an exasperated Japanese electorate could hand the DPJ enough seats in a general election to take control of the Diet and choose a new Prime Minister. Aso may not survive as the nation's chief long enough to suffer that humiliation, though. "There's no optimistic short-term scenario for Japan," says...
...President Barack Obama. That Aso was selected as the first foreign leader to visit Obama's White House offers a ray of hope that the world's two largest economies are cooperating to solve the economic crisis. But the honor was hardly an unvarnished vote of confidence. During her Japan stopover, Clinton took an unusual side trip by also meeting with Ozawa, the DPJ chief. Is Washington expecting a sea change in Japanese politics? During a period of unprecedented economic turmoil, it's wise to hedge your bets...
...sees opportunity in crisis. He is undertaking a wide-ranging expansion that will take Shangri-La hotels to markets as diverse as Las Vegas and Doha. In January, the company launched its first Shangri-La hotel in North America, with the opening of a 119-room property in Vancouver. Japan will see its first open in March in Tokyo, and Europe later this year in Paris. Others are planned for Miami, New York City and Vienna. In all, Rao plans to open 32 new hotels by the end of 2011, increasing the chain's number of rooms by more than...
...some parts of the continent, Asia is enjoying what may be the world's last great newspaper boom. Eight of the world's 10 biggest paid-for daily newspapers are printed in Asia, according to the World Association of Newspapers (WAN). The largest national newspaper markets? China, India and Japan. (The U.S. is a distant fourth...
Online citizens may be more plentiful in East Asia, but even there paper rules. In Japan, the average household still subscribes to more than one newspaper. In fact, the Japanese are the world's most avid newspaper readers, despite a dip in circulation over the past couple of years. "One would be hard-pressed to find another country in the world where newspaper companies are publishing several million issues a day," says Yoichi Funabashi, editor in chief of the Asahi Shimbun, the world's second largest daily (after its rival the Yomiuri Shimbun) with more than 8 million subscribers. Nonetheless...