Word: japanized
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...STUDIO KACHAMA: From its austere black façade, you know you're in for something different at Kachama Perez's nearly two-year-old store, tel: (66) 5321 9499. Taking traditional appliqué patches from nearby Hmong, Karen and Yao villages, Perez-who studied textile design in Japan-splices them into her woven creations with colorful beads and shimmering organza. The effect is stunning (as are the prices, with a 5.5-meter wall hanging costing over $9,000). Those on tighter budgets can take solace in the more affordable pillowcases, table runners and scarves...
...billion in new foreign-currency reserves, mostly dollars, that it will have to park somewhere. That's in addition to more than $1 trillion already in the bank. The oil-exporting countries of the world are in a similar predicament, with a trillion petrodollars looking for a home. Japan's got a trillion bucks lying around...
This time around, Japan seems content with U.S. Treasury bonds--a dud investment, but a reliable one. China and the gulf states, though, are aiming higher. On May 20, the Chinese government said that it was paying $3 billion for just less than 10% of the Blackstone Group, the U.S.'s leading private-equity firm, which owns everything from Freescale Semiconductor to Michaels Stores. The next day, Saudi Basic Industries Corp. said it was buying General Electric's plastics division--the storied operation based in Pittsfield, Mass., where former GE boss Jack Welch earned his stripes--for $11.6 billion...
...news shocked Japan, riling conservatives who had already claimed that Jikei's baby hatch would only encourage parents to abandon their children. "Parents have an obligation to raise their children," government spokesman Yasuhisa Shiozaki said. "This is very regrettable...
...parents. Where young couples would have once been able to draw on the extended clan for support and advice, urbanization and atomization have amputated those ties. "Families are more isolated now, and parents are backed into a corner," says Jun Saimura, head of social work research at the Japan Child and Family Research Institute. "In the old days, if young parents had a problem, they could seek advice from the neighbors in their community. But that local community is weakened...