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...Japan's lost decade is stretching into decades. It has been almost 20 years since the bursting of a mammoth property and stock bubble plunged the country into an economic deep freeze. Japan's leaders have been wandering in the wilderness ever since, unable to find a formula for growth to replace the model that was found wanting years ago. (See the new activism of Japan's youth...

Author: /time Magazine | Title: A New Deal | 8/31/2009 | See Source »

...East Asian Languages and Civilizations department this July, becoming a professor of Japanese art and culture. Her research on the Tale of Genji, a seminal Japanese novel composed by a woman over 1000 years ago, and her work on the relationship between painting and literature in pre-modern Japan have helped bring her to the forefront of her field. “She is certainly more than deserving [of tenure],” said History of Art and Architecture Associate Professor Yukio Lippit ’93, McCormick’s husband and a fellow member of the East Asia...

Author: By Elyssa A. L. Spitzer, CRIMSON STAFF WRITER | Title: Genji Scholar Is Tenured | 8/30/2009 | See Source »

...took less than two hours to confirm a change that has been brewing for half a century. The polls for Japan's general election closed at 8 p.m. nationwide, and by 9:40 p.m. Yukio Hatoyama - head of the Democratic Party of Japan (DPJ) and soon to be the nation's new Prime Minister - reacted to his party's landslide victory with characteristic reserve and calm. "It is important that we not be too proud and try hard to make this victory a victory for the public...

Author: /time Magazine | Title: Japan's Election: Opposition Wins Historic Victory | 8/30/2009 | See Source »

...Elsewhere, victorious DPJ candidates lifted their arms and hoarsely shouted the celebratory phrase "banzai" after exit polls showed Japan's main opposition party blasted the incumbent Liberal Democratic Party (LDP) from its virtually untested 54-year reign. Polls indicate the DPJ's historic win will likely hand the party more than 300 of the 480 seats in the Diet's lower house, while the LDP is expected to get about 100 - just one-third of what it had before Prime Minister Taro Aso dissolved parliament in July and called the Aug. 30 election. If the DPJ lands more than...

Author: /time Magazine | Title: Japan's Election: Opposition Wins Historic Victory | 8/30/2009 | See Source »

...Japanese people voted for the DPJ, with its slogans of "Regime Change" and "Livelihood First," amidst the worst economic crisis in Japan's postwar history. An unprecedented 14 million votes were cast in advance of Sunday's election, accounting for about 13% of all eligible voters. And voter turnout is expected to reach 70% - the highest in nearly 20 years. As exit polls came out around the nation, television media tended to focus on which LDP candidates lost - marking LDP incumbents with red batsu or Xs - rather than focus on the DPJ winners, reflecting a widely held belief that Sunday...

Author: /time Magazine | Title: Japan's Election: Opposition Wins Historic Victory | 8/30/2009 | See Source »

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