Word: japanned
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...Japanese believed that workplace success was the top priority. Corporations rewarded employees for their service by applying the seniority wage system and guaranteeing lifetime employment. But the country's economic slump in the '90s destroyed this close-knit corporate culture, undermining the traditional work ethic. Despite signs of Japan's improving economy during the past several years, workers have become suspicious of employers' proposals for bringing back conventional labor policies. Younger salarymen came to value career moves over lifetime employment because they lost trust in their employer, who may very well let them go at any time, regardless of their...
...Sydney bustle reflects the scale not just of the meeting but of APEC. The visiting leaders represent 2.7 billion people, 60% of the world's production, half of its trade, and its three biggest economies, the U.S., China and Japan. And while many Australians confuse APEC with ASEAN or even the OECD, no other regional organization matters more to their prosperity. APEC members account for 70% of Australia's trade and 8 of its 10 biggest export markets. And, says Australian Foreign Minister Alexander Downer, "The center of gravity of global affairs is moving more and more to the Asia...
...been signing free-trade deals with each other like there's no tomorrow: 18 in the past decade, with a dozen more in the works. Now calls are growing for a regional free-trade deal to tie all the small ones together. That, of course, would require the US, Japan and China to open their markets to one another. "If someone proposed that today," Oxley says, "people would say, You're mad." But that view is changing: last year "the U.S. surprised everyone by announcing they were interested in the idea of an APEC free-trade area." This year came...
...Japanese believed that workplace success was the top priority. Corporations rewarded employees for their service by applying the seniority wage system and guaranteeing lifetime employment. But the country's economic slump in the '90s destroyed this close-knit corporate culture, undermining the traditional work ethic. Despite signs of Japan's improving economy during the past several years, workers have become suspicious of employers' proposals for bringing back conventional labor policies. Younger salarymen came to value career moves over lifetime employment because they lost trust in their employer, who may very well let them go at any time, regardless of their...
WILLIAMSPORT, PA. U.S. team beats Japan in Little League World Series...