Word: nikkei
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Dates: during 1990-1999
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SETTING SUN FOR JAPANESE STOCKS Japan's economy purportedly grew fastest of all the industrial countries last year, had no inflation and near zero interest rates. Ideal ingredients for a booming stock market. Yet Japan's stock market is rolling like a snowball down Mount Fuji. The Nikkei 225 index dropped more than 10% so far this year, to 17689,and some 55% off its peak of 38915, reached...
...first in order to catch up with the West and later to keep themselves entrenched. But politics and the bureaucracy never got to evolve. When success brought on the frenzied speculating of the late 1980s, the ruling establishment covered one another's bets. In 1992 the bubble burst, the Nikkei stock index lost more than half its value, and Japan plunged into recession. The Liberal Democrats lost their grasp on power, returning a year later in coalitions. "The old corrupt system fell apart," says Taizo Yakushiji, a professor of international politics at Keio University. "So finally we're back...
...authored or co-authored 12 books and numerous articles. Product Development Performance (1991) won the Nikkei prize for excellence in writing about business in Japan...
...nuts by Drenka the Insatiable, and the Japanese will be offended by Mickey's ravings against a defeated enemy's celebrated prosperity. "In his grave, Franklin Roosevelt is spinning like an atomic dreydl," he cries in a two-page riff about raw fish and "the Land of the Rising Nikkei Average...
...seized stationery with faked company letterheads and a dummy bank ticket that said $80 million had been deposited into a Barings futures account at Citibank. No such transfer took place, and prosecutors are likely to argue that it gave Leeson a way of proving he was making the huge Nikkei trades on behalf of a client. "Once he is here," says Pala Krishnan, one of Singapore's leading criminal attorneys, "the maximum sentence he can receive is 14 years, if he is tried by a lower court. If he is tried by a higher court, then the sentence is life...