Word: japanized
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RAISED. Interest rates, by the Bank of Japan (BOJ), for the first time in six years, from 0% to 0.25%, marking an end to a decade of economic stagnation; in Tokyo. The decision brings Japan's monetary policy in line with those of the U.S. and Europe, where central bankers are trying to contain inflation by raising rates. BOJ governor Toshihiko Fukui called the rate increase a "delightful moment for the future of the Japanese economy...
...Korea's tests and demanding that it immediately suspend its missile program. The resolution also imposed sanctions by barring U.N. member states from trading technology and material with North Korea that could be used in missiles or weapons of mass destruction?a key measure sought by the U.S. and Japan. American and Japanese diplomats secured Beijing's vote by toning down their preferred resolution, which would have invoked Chapter 7 of the U.N. Charter authorizing the Security Council to respond to "threats to the peace" and "acts of aggression" with anything from economic sanctions to military force. Instead, China permitted...
...European officials blame Asian shipping companies, which skirt quota rules by transferring tuna directly from industrial ranches in the Mediterranean to Japan-bound ships, without ever touching land and without reporting the size of their catch. "We cannot monitor it," says a European Commission official in Brussels. Tuna-ranching companies have become sensitive to environmental criticism. Spain's largest company, Ricardo Fuentes and Sons, declined to speak to Time, as did Azzopardi Fisheries in Malta, which controls some of the Mediterranean's richest breeding grounds. A.J.D. Tuna Limited, which Azzopardi owns with Japanese partners, says on its website that since...
...Revenge of the Whale Hunters" [July 3]: Japan's whaling practices are in full compliance with the International Convention for the Regulation of Whaling. Japan supports the protection of endangered whales and advocates that only abundant cetacean species be harvested sustainably. Japan's commitment to whaling for scientific research is sincere and necessary to establish the proper conservation of whales. In fact, scientific knowledge from Japan has been highly commended by the International Whaling Commission's scientific committee. As the world's second largest donor of official development assistance, Japan provides aid to developing countries regardless of their positions...
...cord-blood stem cells to improve some neurological function; in a paper published last month, Dr. Carlos Lima in Portugal wrote about restoring some motor function and sensation in a few paralyzed patients. At a recent conference of researchers from around the world, a team from Kyoto University in Japan reported success in taking a skin cell, exposing it to four key growth factors and turning it into an embryo-like entity that produced stem cells--all without using an egg. The Kyoto group has submitted its work for publication, after which it will be open to the scrutiny...