Word: keizai
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...honorable gentlemen of Japan could hardly be blamed if seen tittering behind their fans last week. On the front page of Tokyo's top financial daily, Nihon Keizai, appeared the startling news that the Kennedy Administration was pleading with Japanese industrialists to build plants in such "underdeveloped" areas as Kansas, North Carolina and New Jersey. "This request by the U.S., hitherto leader of the free world in the development of less advanced countries, came as a surprise to the Japanese Foreign Office," crowed Nihon Keizai...
...Americans as well. Growled Republican Congressman William Avery of Kansas: "Wichita has an abundance of skilled labor available, but I hardly believe we need to import Japanese capital and ideas to utilize it." In Washington, red-faced Administration officials hastily set the record straight. Nihon Keizai had built its overblown story on brochures that the Commerce Department sent last March to U.S. embassies in Europe and Japan. They were part of a campaign to attract more foreign investment to the U.S. as a way to alleviate unemployment and the balance-of-payments deficit. Though the Japanese were among the recipients...
Communists Embarrassed. Japan's emotional ban-the-bombers suffered less schizophrenia about who was to blame, though the illusion of moral influence still persisted in spots: the conservative Nihon Keizai Shimbun wistfully editorialized that "our fondest hope is for the U.S. to reconsider its decision on resumption, and by so doing compel Russia to follow suit." But even Zengakuren, the extreme leftist student organization whose screaming mobs forced President Eisenhower to cancel his trip to Japan a year ago, turned about and labeled the Russian decision "Stalinist power diplomacy," and began gathering a nationwide petition of protest signatures...
This publishing success would not impress the Japanese. Each month 680 poetry magazines with a combined circulation of 240,000 are printed in Japan. Toyo Keizai, a sort of Japanese Wall Street Journal, runs a haiku assortment every week. Hototogisu (Cuckoo), a haiku magazine founded in 1897, claims a substantial though private monthly circulation of 20,000. Japan's 500,000 practicing poets can win prize money from most of the metropolitan newspapers and from the Emperor himself. They write in all the classic forms, but the simple 17-syllable haiku, usually arranged in a 5-7-5 pattern...
...coonier coonskins around the U.S. have set off a resonant boom and what looks like the beginning of a free-for-all trademark squabble (see BUSINESS' The Wild Frontier) ONE sunny day last week a helicopter landed on the heliport atop the Sankei Kaikan, the daily newspaper Sangyo Keizai's building. Out stepped Edgar R. Baker, managing director of TIME'S international editions. Quickly, pretty Takarazuka girls presented him with a bouquet as thanks for TIME'S story about Takarazuka (in Music, Jan. 3), the city whose principal industry is innocent merriment...