Word: nipponization
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Last week the board accepted Rosen-stock's resignation-he complained of too much nonmusical work, e.g., bookings and business negotiations. He will return to Tokyo, to conduct the Nippon Broadcasting Symphony, of which he was musical director before and after World...
When the god Kamo Myojin descended to earth on the island of Nippon some 3,000 years ago, he brought prostitutes with him and installed them in a shrine. There and in neat, cherry-blossomed houses, they flourished as honored licensed entertainers, even after 1946, when Douglas MacArthur ordered the Japanese government to curtail the business...
Japan has recovered even faster because its shipyards came through the war virtually unscathed. They have since produced more than 1,500,000 tons of new bottoms, and made $80 million building 300,000 tons for export. But shipbuilding in Nippon is precarious business: shipping firms, which took heavy losses during the war, must rely on bank loans, which are costly (up to 11% a year); prices are 15 to 20% higher than international levels, and Japan's early advantage of quick delivery no longer applies. Export orders fell from $70 million in 1951 to $10 million last year...
...Japanese were surprised and delighted by the unexpected amnesty. Said Tokyo's English-language Nippon Times: "Nobility of spirit . . . made this possible . . . It is easy for us to beg forgiveness, but how difficult it must be for the Filipino people, who were so brutally treated, to forgive...
...Tokyo and Osaka stock markets, which had been climbing with heady abandon for more than a year, plummeted at news of a possible Korean truce. Speculative issues such as Nippon Heiwa Sangyo (Japan Peace Industry), which had soared to 400 yen in early February, toppled to 82. Even blue chips like Mitsuokoshi department store tumbled from 670 to 495 yen. Last week the market recovered slightly, but was still far down from its peak...