Word: nipponization
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Dates: during 1970-1979
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...ancient Nippon, samurai warriors raced their horses for the honor of being the first to lop off an enemy's head. The horses are still running, but today the most that a man can lose is his bank account. In the past decade the total annual betting has increased tenfold to $1.6 billion, or more money than the government spends on national defense or foreign aid. Horse racing in fact has become the new national pastime of Japan, outdrawing major league baseball in attendance last year by the astounding margin of 60 million...
...minimize the risk, Premier Sato's government has been urging Japanese businesses to grow stronger by merging. In notable response last week, Japan's two leading steel producers, Yawata and Fuji Iron & Steel, joined forces to become the Nippon Steel Corp. The new company is the world's second largest steel producer, behind U.S. Steel. It is also Japan's largest corporation, with annual sales of $3.1 billion. Together the two companies last year produced 31.5 million tons of crude steel, or 36% of Japan's total. In a period of resurgent Japanese nationalism...
...Nippon officials already talk of overtaking U.S. Steel by 1972. But an open confrontation in world markets between the titans is not likely soon. After severe prodding by Washington, the Japanese in 1968 agreed "voluntarily" to limit their shipments to the U.S. to 5,200,000 tons a year. So far, the move has been relatively painless for Japanese steelmen, who have found new markets in Europe and China to bolster home markets that are rising fast. After years of skimping on domestic needs to concentrate on exports, the Japanese are at last expanding and improving their inadequate housing, roads...
...being the most crowded society, Japan is, as Kahn says, "the most achievement-minded society in the world." The Japanese possess a keen sense of competition, sharpened by the fact that their shoulder-to-shoulder existence invariably makes for many rivals and few openings. This competitive spirit extends beyond Nippon's borders and instills a deep concern among the Japanese over their ranking in the world. They intend to move higher. To that ambition they bring a machinelike discipline, an ability to focus with fearful energy on the task at hand, and an almost Teutonic thoroughness in all pursuits, whether...
Though Japan's biggest daily, the Asahi Shimbun, has suggested that the country be renamed "Kindergarten Nippon," not all the fads are frivolous. Theater and concert performances are usually S.R.O., especially if the bill is Western...