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Japan seems to have averted the prospect of revolutionary change. In January 2005, Prime Minister Junichiro Koizumi appointed a panel to develop suggestions for warding off a looming succession crisis in the imperial family. By law and eons of tradition, the Japanese throne can pass only to males with emperors on the father's side. But no boys have been born into the family since 1965. Crown Prince Naruhito, 45, and his wife Masako, 42, have had only one daughter, 4-year-old Aiko. Naruhito's brother, Prince Akishino, 40, and his wife, Kiko, 39, have two daughters. So Koizumi...

Author: /time Magazine | Title: A Pregnant Pause | 2/12/2006 | See Source »

...Japan seems more resilient, too, under the leadership of Prime Minister Junichiro Koizumi. He has been pushing to cut the nation's red tape and deregulate the economy. One of his biggest reforms involved privatizing the heavily state-funded postal service, a highly controversial issue that prompted him to call a snap election last year. December figures released last week suggested that some of the reforms are helping to restore confidence: exports rose by 17.5%, more than expected, while imports surged by 27%, reflecting healthy domestic demand and higher oil prices. Overall, the Japanese economy grew by an estimated...

Author: /time Magazine | Title: The Goldilocks Economy | 1/28/2006 | See Source »

...Clarity of purpose can help with political leaders, just as it can with companies. Frustrated by constant blockage of his plans to reform the country's financial system last year?including by members of his own party?Japanese Prime Minister Junichiro Koizumi appealed over the heads of the naysayers to the public, and won a landslide election victory. The only trouble: sometimes, clear leadership engenders not too little trust, but too much of it. In the tiny Himalayan kingdom of Bhutan, the reformist King Jigme Singye Wangchuck is so popular that he is having trouble persuading his people to replace...

Author: /time Magazine | Title: No More Heroes | 1/23/2006 | See Source »

Clarity of purpose can help with political leaders, just as it can with companies. Frustrated by constant blockage of his plans to reform the country's financial system last year--including by members of his own party--Japanese Prime Minister Junichiro Koizumi appealed to the public over the heads of the naysayers and won a landslide election victory. Only trouble is, sometimes, clear leadership engenders not too little trust but too much. In the tiny Himalayan kingdom of Bhutan, the reformist King Jigme Singye Wangchuck is so popular that he is having trouble persuading his people to replace his feudal...

Author: /time Magazine | Title: Economy: Losing Our Faith | 1/22/2006 | See Source »

...understand why foreign governments would intervene in a spiritual matter and try to turn it into a diplomatic problem." JUNICHIRO KOIZUMI, Japanese Prime Minister, on the outcry from China and South Korea over his visits to the Yasukuni Shrine, where millions of Japanese war dead are honored, including 14 Class-A war criminals...

Author: /time Magazine | Title: Verbatim | 1/8/2006 | See Source »

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