Word: shimpo
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Dates: during 1950-1959
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...responsibility to espouse, attack or even examine the variety of political opinions that are the stuff of democracy. It is in the grip of impartiality gone haywire. Only two of the nation's papers-the daily Communist Akahata (circ. 30,000) and the thrice-monthly Socialist Shakai Shimpo (circ. 80,000)-advance any creed. The rest of the Japanese press has only one policy: to attack the government. The rationalization is that the government is the press's traditional enemy, must be fought even though the papers are remarkably free from official restraint...
...major shipping companies had to resort to short-term loans from commercial banks (with interest as high as 11%) and government loans. Furthermore, shipping rates, which were boosted sky-high in 1950-51 by the Korean war, have dropped down again, and shippers expect a further slide. Warned Shimpo Asao, president of Nippon Yusen Kaisha, one of Japan's biggest shipping companies: "The future is very dark. Until world trade begins expanding there is not much hope for further recovery . . . more Japanese ships will make their way into world ports, but you can't operate...