Word: japanize
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...Asia Miracle was always about exports starting with Japan in the 1970s and 1980s and followed by Korea and China in the 1990s...
...Yesterday, three pieces of news hit the markets. China's GDP growth moved down to just over 6% in the fourth quarter. Its economic expansion has been running a hot 10% for more than five years. At the same time, Japan announced that its exports had gone off a cliff, down 35% in December. And, in Korea, GDP actually fell...
...have gained devoted followings. Google has scanned more than 7 million books into its online database; the plan is to scan them all, every single one, within 10 years. Writers podcast their books and post them, chapter by chapter, on blogs. Four of the five best-selling novels in Japan in 2007 belonged to an entirely new literary form called keitai shosetsu: novels written, and read, on cell phones. Compared with the time and cost of replicating a digital file and shipping it around the world--i.e., zero and nothing--printing books on paper feels a little Paleolithic...
...just market analysts who are hoping for a Nikkei rebound. Japan has a unique vulnerability to negative stock-price momentum. Cross-shareholdings, a mainstay of traditional Japanese business practice in which companies hold shares of other firms to cement friendly relationships, make stock-price losses a broadly shared pain. Not only are Japan's megabanks involved in cross-shareholding; auto and electronics manufacturers like Toyota, Nissan and Sharp are too. Companies and financial groups own about 20% of the shares on the Tokyo Stock Exchange...
...January is national tea month. To celebrate, peruse Tea Culture of Japan: Chanoyu Past and Present at the Yale University Art Gallery. Brought to Japan from China in the 9th century, it took a few hundred years for tea to catch on, but by the 1500s it was all the rage in Japan to have tea masters prepare powdered tea in elaborately choreographed ceremonies. About 100 objects, including kettles, bamboo tea scoops and ceramic tea bowls are on display through April 26. 1111 Chapel Street, at York Street, New Haven...