Word: nationalizes
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...Reuters poll of economists does not offer much hope for an improvement in the nation's financial condition. Many see unemployment topping 10%. The news service reports that "Median forecasts now assume gross domestic product will shrink an annualized 5.3% this quarter, following a brutal 6.2% decline...
...many years of visiting Japan, I've learned not to be surprised by the juxtaposition of modernity and tradition, by an embrace of high-technology that coexists with a reverence for an older nation of cherry blossoms, hot springs and snow on maple trees. In an enigmatic way, this duality has not torn Japanese society apart but given it a remarkable stability...
...question facing Japan now, however - and the issue that should dominate elections to the lower house of the Diet, which could come as early as May and in which the ruling Liberal Democratic Party looks vulnerable - is whether stability is enough. The nation faces enormous challenges: a rapidly aging population, the rise of China as a regional superpower and the breakdown of the economic system responsible for Japan's postwar economic success, as international trade collapses and with it Japan's markets for its goods. (See pictures of Japan and the world...
...January, the nation's top Islamic body issued a fatwa, or religious edict, banning Muslims from practicing yoga if it involved chanting Hindu mantras. Late last year, Indonesia's parliament passed an anti-pornography bill that could criminalize certain folk dancing or traditional women's outfits. The bill was supported by hard-line Islamic groups, who believed its passage could counter moral degeneracy among Indonesian Muslims. So far, the law hasn't been applied in a significant way, although contemporary artists and others are worried they could be targets of its harsh prison sentences, which include a maximum...
...diet aims to calm those tensions by easing the pain in people's wallets. And that's not all. "We're also making an effort to use the current crisis ... to change the nation's eating habits," says Alexander Baturin, deputy head of Moscow's Institute of Nutrition, a part of the Academy of Medical Sciences...