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...Tuesday, Deputy Prime Minister Naoto Kan, who is also the national strategy chief, and Finance Minister Hirohisa Fujii, stressed the importance of quantitative easing to the Bank of Japan. In turn, the Bank agreed to cooperate by lending 10 trillion yen, in the form of short-term loans, to commercial banks at the rate of 0.1%, and to accept government bonds and corporate debt as collateral...

Author: /time Magazine | Title: Why Japan's Latest Attempt to Boost Its Economy Won't Work | 12/1/2009 | See Source »

...quarter, the biggest drop since 1958. Consumer prices have dropped for seven straight months. "The recent price falls are not right and worrisome," Japan's Finance Minister Hirohisa Fujii said at a Nov. 20 press conference. "This is one of the major policy issues right now." Deputy Prime Minister Naoto Kan was even more blunt. He stated flatly this week that the country is "in a deflationary state." (See pictures of Japan in 1989 and Japan...

Author: /time Magazine | Title: Japan's Latest Economic Ailment: Deflation | 11/20/2009 | See Source »

...rest on the ground like giant wingtips, the building has the look of a vast origami stealth bomber. Created by architect Tadao Ando, it is home to 21_21 Design Sight, an ambitious design museum of which Miyake is one of three directors. The others are product designer Naoto Fukasawa and graphics guru Taku Satoh. Their mission is to separate design from the mercantile world of branding, and give it its original, purer meaning: the creation of practical and beautiful objects that improve the quality of life...

Author: /time Magazine | Title: Sight Inspection | 5/24/2007 | See Source »

...name that gestures to a realm of design beyond the limits of 20/20 vision, 21_21 DESIGN SIGHT is a Tadao Ando--designed building that was conceived as a forum where people could think about design. Together with Miyake, two of Japan's leading designers, Taku Satoh and Naoto Fukasawa, will act as directors. The space will feature a host of changing events and exhibits, including fashion shows (some collections from Tokyo Fashion Week will be open to the public). "Actually, I don't know myself how it will go," Miyake says with a laugh. "Planning, devising things, trying anything...

Author: /time Magazine | Title: Tokyo Touts New Design Center | 2/27/2007 | See Source »

...stable alliances, avoid alienating former and future supporters and adjust strategies as circumstances require are essential traits of a strong political leader. Ozawa has all of these skills. In taking over the DPJ, his willingness to retain members of Maehara's executive team and appoint another former party president, Naoto Kan, as acting president are smart moves that preserve leadership continuity and keep the DPJ's younger members energized by letting them occupy top positions...

Author: /time Magazine | Title: Get This Party Started | 4/17/2006 | See Source »

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