Word: pansionist
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Died. Hayato Ikeda, 65, Prime Minister of Japan from 1960 to 1964, a talented economist who as Vice-Minis ter and later Minister of Finance and International Trade guided Japan's postwar economic recovery almost continuously since 1947, pursuing his ex pansionist program as Prime Minister with a promise to double per capita income within ten years, until in 1961 Japan had the world's highest growth rate (18.9%) but also a record $1.5 billion trade deficit and the beginnings of a recession; of pneumonia, following surgery for throat cancer; in Tokyo...
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