Word: nishioka
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...with about $600 for each family of four - a plan that has faced criticism for being insufficient and indecisive regarding who should receive the benefits. "Even if the voucher goes to the households, given the propensity of household consumption, the impact on overall GDP will be very limited," says Nishioka. Says Shirakawa: "People don't want to spend money, even if they get it from the government. Economic reforms are important, but the government needs to make people more comfortable and more confident in efficient government. It's a tough situation." Japan can only hope that its consumers will start...
...which some economists say could strengthen to an exchange rate of 80 to the dollar by the end of next year - and it's little wonder that corporate powerhouses like Toyota, Honda and Sony have seen profits dive. Royal Bank of Scotland Japan chief economist Junko Nishioka says that over the past two months, she has grown increasingly pessimistic. She sees Japan recording at least two years of negative growth, the first time that has happened since the property and banking bubbles burst in the late 1980s, leading to Japan's so-called Lost Decade. With weak export and domestic...
...Soviet fighters scrambled as it strayed near restricted airspace over Sakhalin Island. Last week airline officials revealed that the JAL 747, carrying 132 people, took off at 12:14 p.m. from Narita Airport outside Tokyo and headed for Paris by way of Moscow. Shortly before 1 p.m., Captain Morihiko Nishioka, 39, spotted dense clouds ahead. Anticipating turbulence, he switched off the automatic inertial navigational system to guide the jet manually around the mass. Nishioka claims that he then forgot to return to the INS controls...
...next 55 minutes, the plane was pushed 69 miles off course by 200-knot winds and dangerously close to the Soviet defense zone at Sakhalin. When crew members realized the error, they radioed Soviet controllers, who granted permission for the plane to change course. Only later did Nishioka learn that Soviet jets had been put on airborne alert and had trailed his craft. While the incident ended happily enough, it was a chilling reminder of Korean Air Lines Flight 007, which in September 1983 also strayed near Sakhalin. The Soviets fired on the jet, killing all 269 people on board...
...Takashi Nishioka, the new chairman of Mitsubishi Motors Corp. (M.M.C.), has a difficult job ahead. While Japan is the birthplace of some of the world's most successful auto manufacturers--Honda, Nissan, Toyota--Mitsubishi is one of the most troubled. The company has been shaken over the past year by revelations of long-running campaigns in various divisions to cover up critical manufacturing defects, some of which have proved lethal. Many large investors, including DaimlerChrysler and Japanese private-equity fund Phoenix Capital, have begun selling off their stakes or announced that they plan to do so soon, leaving questions about...