Word: recruit
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Though Takeshita appeared determined to grit through the crisis, the spreading scandal -- the country's most pervasive in modern times -- may yet topple his Liberal Democratic Party government, much as a series of financial misdeeds brought down Prime Minister Kakuei Tanaka in 1974. Since Recruit's involvement in influence peddling among the political bigwigs first came to | light in the press last June, 20 people have been forced to resign, including three members of Takeshita's Cabinet. The list of those implicated, numbering 155, includes not only L.D.P. and opposition politicians but also prominent members of Japan's powerful government...
...Diet. The embattled Japanese leader made a series of extraordinary admissions to a special session of the Diet budget committee. Last October Takeshita flatly denied any connection to the burgeoning scandal that has linked dozens of Japanese politicians and bureaucrats to a money-and-favor game played by the Recruit Co., a $3.25 billion information-and-real-estate conglomerate. But last week Takeshita conceded that over the years he and others close to him received nearly $1 million from Recruit. Referring to his October disclaimer, Takeshita pleaded a faulty memory: "I probably did not have a clear recollection...
...Japan, the Recruit scandal is raising profound questions about kinken- seiji, or money politics, and the way Japan conducts its public business. On one level the issue is simple bribery. Recruit's mercurial founder, Hiromasa Ezoe, 52, nine other businessmen and three officials of the Labor and Education ministries have been arrested for alleged bribery or violation of securities law (so far no charges have been filed against any elected politician). But on another level the question is whether Japanese politics is so blatantly suffused with the passing of cash that it is practically impossible for officeholders to avoid...
...stream of fresh disclosures, overshadowed only briefly by the death and funeral of Emperor Hirohito, has proved costly for Takeshita. Last week the popularity rating of the Takeshita Cabinet hovered around 10%, a postwar low. The Prime Minister's fall from public grace comes only partly from outrage over Recruit. The Japanese also bitterly resent a new 3% national consumption tax, part of a reform package that will eventually reduce taxes. In several recent local elections, these issues have badly hurt the L.D.P., which has been in power continuously since the party's formation in 1955. No less partisan...
...Recruit was founded as an advertising-sales agency by Ezoe in 1960 with an investment of $2,000. Acting in accordance with his favorite slogan, "Money Comes First in This World," Ezoe built the three-man shop into a corporate behemoth, branching into real estate, supercomputers and restaurant and hotel management as well as a variety of information services. Stock in the expanding conglomerate was closely held until October 1986, when shares in its real estate subsidiary, Recruit Cosmos, were publicly listed on Tokyo's over- the-counter market. Those shares became a new and virtually cost-free vehicle...