Word: japanized
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Dates: during 1950-1959
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...intend to cut out foreign aid where it was needed, nor to retreat into "Buy American" protectionism, nor to cut dangerously its overseas military forces. But it might have to do all these things if such industrially strong nations as West Germany, Britain and Japan did not take over part of the aid to underdeveloped nations, drop trade barriers and get on with the business of working out a long-range program of stable free trade for the world...
...1950s, Western Europe and Japan, their economies rebuilt with U.S. help, were briskly competing with the U.S. in foreign markets, even in the U.S. home market. By last year the U.S.'s international transactions were drastically out of balance: the U.S. ran $3.4 billion in the red in its overall international payments. Gold flowed overseas so briskly that the U.S. gold reserve shrank by $2.3 billion, a thumping...
...remind Western Europe and Japan that the Marshall Plan days were long since over, Anderson last month took the dust-stirring step of announcing that henceforth dollars lent to underdeveloped countries by the U.S.'s own Development Loan Fund (outgo: about $550 million a year) must be spent in the U.S. Protests rang out that Anderson was dragging the U.S. backward with a protectionist "Buy American" program (TIME, Nov. 9). But Anderson's essential purpose was to force Western Europe and Japan into providing loans to finance their own exports to underdeveloped countries. He would be happy...
...Glee Club may tour Southeastern Asia during the summer of 1961, Elliot Forbes, professor of Music, announced yesterday. A tentative itinerary includes Hawaii, Japan, Formosa, Hong Kong, the Philippines, and possibly Australia...
...Club expects to head towards Honolulu and the Asian cities from California, travelling by air whenever possible. Forbes said they anticipate considerable railroad travel in Japan...