Word: masayoshi
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...Frankly," admitted a stunned Premier Takeo Fukuda, "I was astounded." "It was a surprise to me, too," aid Masayoshi Ohira, secretary-general of Japan's ruling Liberal Democratic Party (L.D.P.). What startled them and their countrymen last week was the result of a four-way race for Fukuda's job as the leader of the L.D.P. and, therefore, of Japan's government. Though the experts had forecast a dull election in which the urbane Fukuda, 73, would easily win a second term, he was thoroughly whipped by Ohira, 68, a deliberate, unassuming technocrat known in Japanese politics...
...TOKYO--Masayoshi Ohira, Japan's new prime minister, predicted continued troubles for the dollar yesterday, and called for a tripling of President Carter's $30 billion "defense fund" for buying up surplus dollars to prevent the dollar's further decline...
...surprise election yesterday of Masayoshi Ohira to replace Takeo Fukuda as prime minister of Japan may result in some subtle shifts in Japanese policy, but will probably not cause any major changes, Harvard Asian experts predicted yesterday...
...from among the L.D.P.'s half-dozen factions in a bid to succeed Miki. Their rivalry became so bitter that they maintained separate national headquarters during the three-week campaign and kept up a running feud that badly damaged L.D.P. prospects. One possible compromise choice is Finance Minister Masayoshi Ohira. Miki is genuinely convinced that radical reforms are needed to refurbish the L.D.P.'s image. His diagnosis: "The party caused its own defeat because we failed to reflect deeply on our past mistakes...
...growth in the second half, a trend that will accelerate sharply in 1976 (see chart). To make sure it happens, Schmidt and Giscard agreed a fortnight ago on a joint $5.5 billion pump-priming effort ($2 billion to be spent in Germany, $3.5 billion in France). Japanese Finance Minister Masayoshi Ohira has also promised further steps to stimulate demand. Yet as welcome as that news may be, it will mean little to the 15 million jobless in Europe, Japan and North America. Global unemployment, according to the OECD, will not begin to decline until mid-1976, and it may rise...