Word: masatsugu
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...late 1990s, Sharp's president, Katsuhiko Machida, was determined to shed the company's image as a mere parts provider, so he approached industrial designer Toshiyuki Kita for help. "Our goal was to create not just a flat TV but a completely new product," says Masatsugu Teragawa, Sharp's corporate audiovisual director. "It had to look nothing like what we know TV to look like...
Fear of that outcome probably is overblown. Foreign officials understand that the effects of dumping dollars would circle back and cripple their economies. In an interview with TIME, Masatsugu Asakawa, a top Japan Ministry of Finance official, said flatly there will be no dollar dumping. "Our foreign-reserve planning is in terms of 100 years," he said. Holding dollars, "sometimes we enjoy profit. Sometimes we suffer loss. So what?" The point is, it gives Japan flexibility. "Who knows when we might have to intervene to support the yen" after years of supporting the dollar? he asks...
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