Word: miyazawa
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...IMAGE MANY AMERICANS have of dovish former Japanese Prime Minister Kiichi Miyazawa is unfortunate: it's of him cradling a flu-stricken George H.W. Bush in 1992 after the President vomited on him during a dinner. Yet the former Foreign Minister advised policymakers in boosting Japan's economy after World War II; helped plan a bailout of Japan's failed banking system in the '90s; and as the country's leader for two years, sought to restore ties with wartime enemies in Asia. In 1992 he was the first Japanese PM to acknowledge the role of Japanese soldiers in forcing...
...true scent of romantic obsession, one would have to go east: to the Chinese Peony Pavilion, Hong Kong director Yonfan's love story of two women (played by Japan's Rie Miyazawa and Taiwan's Joey Wong) in a Suzhou noble house. The film is so saturated in the sad glamour of their love that style becomes substance. The women don't make their sexual affinity explicit; but one can always feel the breath of the other's erotic interest, and the air goes humid with promise. Seeing Peony Pavilion is like getting high on the opium smoke a beautiful...
...film, though, is so saturated in the sad glamour of their love that style becomes substance. The moving camera, the gorgeous homes and gardens of Suzhou, the handsome people with complex urges?they all seem to swoon in the telling of a story about Jade (radiant Japanese star Rie Miyazawa), a Kunqu Opera singer who marries into a noble house and falls into a near-lesbian relationship with her new master's mannish cousin Rong (Joey Wong, the premier ghost diva of '80s Hong Kong cinema). They don't make their sexual affinity explicit; as Jade sings...
...Japan hasn't seen since 1984. By the end of this month, total government public debt will top $5.5 trillion, a head-spinning 130% of GDP. (America's $3.4 trillion in federal public debt is 35% of GDP.) "Japan's public finances are very near collapsing," Finance Minister Kiichi Miyazawa said in uncharacteristically blunt remarks on March 8. He wouldn't say he was trying to drive down the price of the yen, but that's exactly what happened. The next day he backtracked...
...government has dithered over what to do, and Miyazawa's ministry is feuding with the Bank of Japan. More bad news will come this week, with GDP figures expected to show a second consecutive quarter of contraction, putting Japan officially in recession. That's why Miyazawa's remarks were welcomed by some. "Finally, an admission that the situation is really severe," said a government economist. Now if only someone can figure out what to do about...