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...Satoru Ogasawara, economist for Credit Suisse in Tokyo who covers foreign exchange, expects the yen to advance to 85 to the dollar within three months and to 83 over the next year. Intervention, he says, will come at the 85-level, but even then it is difficult to predict what will happen. "What we're seeing is the unwinding of the yen carry trade," says JPMorgan Chase's Sasaki, referring to the practice of buying low-interest yen and investing it in high-yield currencies. "It's a very strong and powerful movement and it's difficult to stop...

Author: /time Magazine | Title: As Yen Strengthens, Japan Cuts Rates | 12/19/2008 | See Source »

...refuge for Chinese in Nanjing set up by foreigners - present a shocking picture of the rape, looting, and random execution visited on the civilian population by occupying troops. On the other end of the spectrum, there is the yet-to-be-released The Truth About Nanking, by Japanese director Satoru Mizushima, who maintains the massacre is a myth and who has set about to debunk it with his film...

Author: /time Magazine | Title: Reevaluating the Rape of Nanjing | 12/13/2007 | See Source »

...handful of galleries in town that spurns faux-traditional art adorned with the usual lotus blossoms and other Buddhist motifs, Ji-Qoo, tel: (66) 5389 4250, is run by husband-and-wife team Chatchawan and Satoru Nilsakul. They prefer to showcase the work of emerging, Chiang Mai-based artists, and they've got the inside track on whose work to buy: Chatchawan is an artist himself and teaches at Chiang Mai University...

Author: /time Magazine | Title: Street Smarts | 5/24/2007 | See Source »

...greatly exaggerated the death toll when it concluded that Japanese troops killed about 260,000 Chinese soldiers and civilians in Nanjing between 1937 and 1938. (Some also argue that photos of the atrocities were faked, including the beheading shown at left). At a news conference on Jan. 24, filmmaker Satoru Mizushima-who also runs a Japanese satellite-TV station-lashed out at Nanking, calling it "a setup by China" based on an "erroneous understanding of history." Flanked by politicians and journalists, he announced that he'd produce his own film, provisionally entitled The Truth about Nanking, to refute it. "There...

Author: /time Magazine | Title: Haunted by History | 3/1/2007 | See Source »

...double to over 100 as part of an American force realignment. There's a reason for the move - Iwakuni is within striking distance of every potential hot spot in Northeast Asia, from Beijing to Pyongyang to Taipei. As he gives a group of foreign journalists a briefing on Iwakuni, Satoru Shoji, an MSDF captain with the blunt build and cauliflower ears of a rugby player, points toward the area west of Japan on a map and says, "This is the area we have to watch out for." There isn't any doubt which countries he's referring to: North Korea...

Author: /time Magazine | Title: Taking Off With the Japanese Navy | 2/27/2007 | See Source »

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