Word: ryuichi
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Dates: during 2010-2019
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...shock. After the Lehman bankruptcy, when the worst of the financial crisis bit and the U.S. car market collapsed, Toyota reduced production and shed temporary workers, sending a damaging ripple through the region. The scars are clearly visible on the town's streets, riddled with closed shops and restaurants. Ryuichi Watanabe, an agent at the local branch of the Able property brokerage, says rents are down some 20% from two years ago, with many apartments lying empty. He worries the worst may be yet to come. "The myth of Japanese quality has crumbled," he says. "That means less markets...