Word: nikkei
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...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...
Despite this conclusion, Anthony Hawes, acting as a troubleshooter for the Barings inner circle in London, flew to Singapore on Feb. 8 to talk to Leeson and his team. On Monday, Feb. 20, Leeson's regional supervisors in Tokyo asked him to reduce the company's holdings of the Nikkei contracts. "It's almost getting to be a problem," a Barings top manager explained to a friend. No one yet suspected the crisis awaiting the company in account No. 88888. By the time internal auditors did suspect, the amount of credit extended to cover those positions had exceeded the bank...
...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...