Word: shimbun
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Dates: during 1980-1989
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...again. Last week Japan's largest communications ( concern, Fujisankei, paid $150 million to buy a 25% stake in Britain's hottest record company, Virgin Music Group. Fujisankei's holding is the biggest Japanese share in any British company. The deal will give Fujisankei, which owns the daily newspaper Sankei Shimbun and a music and video company called Pony Canyon, entree to the West. Says joint chairman Hiroaki Shikanai: "We want to dispatch our thoughts and our culture to the world...
Diet members of all ranks, moreover, are routinely expected to ante up for their constituents at weddings, funerals and other rites of passage. A survey of 89 Diet members by the daily Asahi Shimbun showed that each spent about $4,200 a month on an average of seven weddings and 27 funerals. Thus, despite the call by Takeshita and others for campaign-financing reform, University of Tokyo political scientist Takashi Inoguchi remains pessimistic. Says he: "How can we carry out reforms when even the voters are getting money...
...scandal erupted last July, when the daily Asahi Shimbun disclosed that the Recruit group, the parent company of a real estate firm called Recruit Cosmos, had sold unlisted stock in the subsidiary at bargain prices in 1984-86 to politicians, journalists and business leaders. The well-placed purchasers reaped millions of dollars in profits when Recruit Cosmos went public and its shares tripled in value. While Japanese firms often sell inexpensive stock to influential buyers, the scope of the Recruit Cosmos handouts was unprecedented. Hiromasa Ezoe, chairman of the Recruit group, sold more than 885,000 unlisted Recruit Cosmos shares...
...ability to topple the mighty, Tokyo's widening stock scandal is turning into a Japanese version of Watergate. Since July, when the daily newspaper Asahi Shimbun accused 76 highly placed political and business leaders of unethical trading in shares of the real estate firm Recruit Cosmos, 20 people implicated in the scheme have given up their posts. Last week Hisashi Shinto, 78, chairman of the giant firm Nippon Telegraph & Telephone, resigned after admitting that his bank account contained $73,000 in profits from the Recruit deal. Just five days earlier, Finance Minister Keiichi Miyazawa had departed under a similar cloud...
...walled and moated Imperial Palace to watch and pray. Tens of thousands lined up to sign visitors' books at the main palace gate and elsewhere throughout the country. Autumn festivals, including Tokyo's Grand Ginza extravaganza, were canceled, as was the 100th-anniversary celebration of the daily Asahi Shimbun. Said Mitsu Fujisawa, 112, believed to be the oldest person in Japan: "I have worshiped His Majesty for a long time. I hope he will recover and live longer than I have...