Word: japanized
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...fall, China joined the U.S. and other regional powers in condemning Kim and supported a U.N. Security Council resolution sanctioning Pyongyang. Says a senior U.S. official: "If you asked experts several years ago, Could you imagine China taking these actions toward a longtime ally in cooperation with us and Japan? Most people would have said...
...reached out to India--an old rival with which it still has some disputed borders. The two countries pledged to double trade by 2010 and agreed to bid jointly for global oil projects on which they had previously been competing. Hu has also sought to mend ties with Japan, another longtime rival, with whom China's relations have deteriorated in recent years. Last October, Hu met the new Japanese Prime Minister, Shinzo Abe, in Beijing just days after Abe took office, a visit Hu called a "turning point" in frosty relations between the two countries and which Premier Wen described...
...optimistic view, then, China's rise to global prominence can be managed. It doesn't have to lead to the sort of horror that accompanied the emerging power of Germany or Japan. Raise a glass to that, but don't get too comfortable. There need be no wars between China and the U.S., no catastrophes, no economic competition that gets out of hand. But in this century the relative power of the U.S. is going to decline, and that of China is going to rise. That cake was baked long ago. [This article contains charts and graphs. Please see hardcopy...
...gone out to TIME's publisher, who to his deep regret had been unable to go, leaving me to be drafted in his place. That's how I found myself in the hangar-sized Peacock Room of Tokyo's opulent Imperial Hotel, rubbing shoulders with the cream of Japan's corporate class. These were men - they were almost all men - who control companies worth billions of dollars. I control a checkbook that sometimes has a positive balance, making me something of an impostor at an event to which Japanese executives jostle to earn an invitation...
...event in question was the shinnenkai for Dentsu, the biggest independent advertising agency in Japan - and the world. Shinnenkai are parties that celebrate the New Year, the most important holiday on the Japanese calendar. They can be intimate affairs for family and friends, or, as in the case of Dentsu, they can be massive events involving the personnel, budget and planning required for a minor military campaign. Every significant corporation in Japan throws a shinnenkai for workers, clients and peers, but Dentsu's is beyond compare. Simply accommodating the more than 4,000 guests required that they attend in four...