Word: shigeru
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Dates: during 1980-1989
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...prime Manhattan real estate 10% to 15%, to roughly $500 per sq. ft. Those prices are still a bargain compared with costs in Tokyo, where office towers sell for an astronomical $20,000 or more per sq. ft. -- on those rare occasions when anything comes up for sale. Says Shigeru Kobayashi, owner of Japan's multibillion-dollar Shuwa real estate empire: "Bond buyers are holding paper, but I have buildings and land. That's the future." Kobayashi's son Takashi, head of the family firm's U.S. subsidiary, controls 26 U.S. buildings worth some $2 billion. Among them: the ARCO...
...announced two weeks ago that it was dropping the threats of punitive action, and in return the Japanese had agreed to end all commercial whaling by the end of 1988. But whether the Japanese will stand by the agreement appears to be in doubt. Late last week, Shigeru Hasui, managing director of the Japan Whaling Association, declared that "we do not intend to stop whaling after 1988 because there is no reason...
...years Shigeru Okada reigned as the powerful president of Mitsukoshi, Japan's oldest and most prestigious department-store chain. The company, which grew from a modest kimono shop, founded in 1673, to a $2.4 billion concern, now has 15 branches in Japan and others in London, Paris, Rome, New York and elsewhere. But Okada seemed to have a most un-Japanese habit: he was unwilling to take responsibility for his actions, in both his professional and his private life. Last week Okada's personal flamboyance and his involvement in a series of embarrassing scandals caught up with...
ENGAGED. Prince Tomohito, 34, Oxford-educated son of Japan's Prince Mikasa, the youngest brother of Emperor Hirohito; and Nobuko Aso, 25, a Tokyo English teacher whose grandfather, Shigeru Yoshida, was his country's first elected postwar Prime Minister. The Council of Imperial Household Affairs had to approve the marriage (probably in October) of the shy commoner and the affable prince, whose first proposal seven years ago was turned down because of her age. Her description of her fiancé: "warm-hearted...