Word: japanized
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Dates: during 1950-1959
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...undeveloped, while many a rebuilt, well-financed country has maintained tariff walls against U.S. goods or tight controls on dollar purchases. Samples: Britain still limits or bars a long list of U.S. goods ranging from construction machinery to comic books; France excludes U.S. bourbon while buying British Scotch; Japan requires licensing for 70% of her imports, will not let Japanese businessmen buy some imports from the U.S. even when U.S. prices are cheaper. Last week...
...Either we move ahead to get rid of outmoded trade restrictions," he told the 54 nations represented at the General Agreement on Tariffs and Trade (GATT) meeting in Tokyo, "or we can expect a resurgence of protectionism and restrictive action." Two days later he told members of the America-Japan Society: "During the era of the so-called 'dollar shortage' we were disposed to be passive about foreign discriminations against our exports and to listen with sympathy, if not always full belief, to the arguments for continuing stringent exchange controls . . . My government believes that recovery has proceeded...
Curb Service. In Osaka, Japan, to help along a safety campaign, some 40 housewives formed a stretcher corps to haul fallen tipplers out of traffic danger...
Father's Tragedy. Back in Japan, Manabu's father had been a prosperous ferryboat owner and hotelkeeper (the House of Flowers). But when Manabu was seven, father fell on evil times. "A Japanese father never explains business affairs to the family," Mabe recalls, "but I knew something terrible had happened. My father was bankrupt and humiliated." His father tried first being a barber, then finally decided to move to Brazil. The family made the 50-day trip in steerage, and father became a contract laborer on a Sao Paulo coffee plantation...
IMPORT CURBS on Japanese stainless-steel flatware were ordered by President Eisenhower to protect U.S. producers. Japanese now account for 90% of all imports. New restrictions are aimed at cutting flatware imports from Japan to 5,750,000 dozen pieces; duties of 60% to 67^½% will be imposed on all imports in excess of that total...