Word: junichiro
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Dates: during 2010-2019
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...often over trade, but in the past decade the two nations seemed to become closer than ever. Japan backed America's antiterror campaign, for example, by marshaling refueling missions in the Indian Ocean to support U.S. forces in Afghanistan. Japan was looking more American at home as well. Under Junichiro Koizumi, Prime Minister from 2001 to 2006, the government adopted several free-market reforms to try to restore growth to the perpetually sluggish economy...
...most of the past 20 years, Japan has been in a state of political and economic paralysis. Ever since its property-and-stock-price bubble collapsed in the early 1990s, the economy has teetered on the edge of recession, occasionally tumbling into one. With one exception (Junichiro Koizumi), the country has been captained by a series of leaders who seemed content to reluctantly repair the economy so that it doesn't outright sink, but not enough for it to return to the high-flying days of yesteryear. What I find most baffling about Japan is how a nation...