Word: junichiro
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...Incensed over the perceived foot-dragging after the accusation against Woodland was aired, hundreds of Okinawans protested. The uproar reached all the way to President George W. Bush and Prime Minister Junichiro Koizumi, upsetting their first summit meeting in Washington. Okinawan politicians, sensing an opportunity, lunged once again for the brass ring: they demanded the SOFA be revised. Koizumi agreed it needed work; U.S. Secretary of State Colin Powell, on a visit in mid-July, flatly refused. Outrage mounted to a point that it seemed almost an offering to better U.S.-Japan relations when the Air Force did, eventually, give...
...country is in its second decade of economic paralysis. Consumers aren't buying much. Bankers aren't lending much. The government is deep in hock. The only hope of escaping this mess is represented by Japan's newest Prime Minister, Junichiro Koizumi, who is determined to administer economic shock therapy. Koizumi promised he would slash government spending, compel major banks to speed up disposal of bad loans--estimated at nearly $1 trillion--allow unprofitable companies to go bankrupt and restructure the economy to make it more market oriented...
...JAPAN'S REFORM FAILS--AGAIN The country is in its second decade of economic paralysis. Consumers aren't buying much. Bankers aren't lending much. The government is deep in hock. The only hope of escaping this mess is represented by Japan's newest Prime Minister, Junichiro Koizumi, who is determined to administer economic shock therapy. Koizumi promised he would slash government spending, compel major banks to speed up disposal of bad loans--estimated at nearly $1 trillion--allow unprofitable companies to go bankrupt and restructure the economy to make it more market oriented...
...weeks ahead of a crucial election, Junichiro Koizumi stands on a stage in Tokyo's bustling Ginza shopping district before a crowd of 3,500. Despite the afternoon's oven-like 35C heat, Japan's Prime Minister wears the white gloves favored by old-time politicians on the stump. But it's his only nod to tradition: nothing about his speech is typical of a Japanese politician seeking votes. "I will carry out reforms that no other parties have dared to touch," Koizumi shouts, the wind whipping his famous locks, helicopters with TV crews whirring overhead. "We will march onward...
...rate cuts this year (continued when the Open Market Committee lowered short-term rates by an additional 25 basis points on June 27) were not stimulating demand as expected. Meanwhile, Japan continues to see no growth at all; the needed structural reforms that Prime Minister Junichiro Koizumi has promised will depress economic activity in the short term. And in Germany, Europe's largest economy, the IFO index of business confidence has fallen to its lowest level in two years. To cap it all off, prices are rising in Europe...