Word: koizumis
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Dates: during 2000-2009
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...recent souring of the global economy. The bank sector's bad loans have increased relentlessly, growing 64% to $302 billion between March 1997 and September 2001. Despite its promises to overhaul the financial system, and hints last week of another economy-boosting package, the administration of Prime Minister Junichiro Koizumi has done nothing substantive to alleviate the problem. Just last week, the Financial Services Agency backpedaled on needed reforms by promising to maintain guarantees on certain bank deposits. Reformers argue that lifting blanket guarantees would force weak banks to shape up or close...
...danger is that Ishihara?who hopes to succeed Koizumi as Prime Minister?might spark a wider loss of confidence in Japan's banks, scaring regular Japanese depositors into withdrawing their money in droves. That could have major repercussions for global stock and currency markets. "It is wrong to underestimate the severity of the Japanese financial crisis," warns Goldman's Courtis...
...failed to make an impression on the level of unrest in the remote area. The poll has become so chaotic that the country's newspapers called for fresh voting, but the Election Commission has continued with the count. JAPAN War Shrine South Koreans angry over the visit by Junichiro Koizumi, Japan's Prime Minister, to a Tokyo shrine containing the remains of war criminals have joined legal proceedings against him. About 800 people, mostly South Koreans, signed on to one of three law-suits that are pending against Koizumi. The suits claim that his visit to the Shinto Yasukuni shrine...
...computer was shipped last week, according to Gartner Group and Intel. Although it took over 25 years to reach this milestone, the next billion should sell in just six years, with high demand in China, Eastern Europe and Latin America. Reform Lost in the Mail Japanese Prime Minister Junichiro Koizumi was forced to compromise on deregulating postal services, which he made a litmus test for larger reforms. A public postal corporation will be formed, but the effort to introduce competition has been returned to sender. The Flow Slows Money may make the world go round, but cash itself...
...SUZUKI, 54, influential but unpopular Japanese legislator, who for years was a Liberal Democratic Party heavyweight at the Foreign Ministry, for alleged bribery; in Tokyo. Suzuki's power struggle with Foreign Minister Makiko Tanaka led to her sacking this January, which severely dented the popularity of Prime Minister Junichiro Koizumi. Officials allege Suzuki accepted a $40,000 kickback from a Hokkaido logging company. DIED. FRITZ WALTER, 81, captain of the first German football team to win the World Cup (in 1954), an achievement that helped ease Germany's pariah status following World War II; in Enkenbach-Alsenborn, Germany. During Walter...