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...TIME's poll believe a downturn is already on the way. Irwin Kellner, chief economist for Manufacturers Hanover Trust, forecasts that GNP will contract by 1.5% next year. "Consumer spending is weak and likely to weaken further," he says. "Wages have just not kept up with inflation." Johsen Takahashi, of the Mitsubishi Research Institute in Tokyo, predicts a .5% decline for the U.S. economy in 1988: "The stock market will take another plunge next year, as will the dollar." The outlook, he warns, is "very...

Author: /time Magazine | Title: Confusion - But Hope | 12/21/1987 | See Source »

...concern is a common one in Japan. Says Johsen Takahashi, chief economist of the Mitsubishi Research Institute: "We have a strong feeling that we have to take care of ourselves. The pension system, while greatly improved in recent years, is still not trusted. Many Japanese fear that a change in government or severe inflation would sweep away their future...

Author: /time Magazine | Title: Socking It Away in Japan | 12/14/1987 | See Source »

...dollars and have become cheaper. With greater price stability, Japan and Germany face less pressure for wage increases. Despite the strong mark, Germany has become the world's leading exporter. Japan is openly contemptuous of the notion that the U.S. can solve its problems through devaluation. Says Johsen Takahashi, chief economist of the Mitsubishi Research Institute: "Letting the dollar slip now is like spitting up into the sky." Another Japanese economist is equally blunt: "America is no longer in control of its own currency...

Author: /time Magazine | Title: The Declining Dollar: Not a Simple Cure | 11/16/1987 | See Source »

Though the details and intensity vary, the theme of most of the programs is the same. As Betty Takahashi, Montgomery County coordinator of health education, explains to Grades 4 and 5, "Each person's body is his or her own. They have a right not to be touched if they don't want...

Author: /time Magazine | Title: Education: Facing Up to Sex Abuse | 11/12/1984 | See Source »

...children getting the vaccine had pain, swelling and redness at the injection site and chickenpox-like rashes, but there were no long-lasting or serious adverse effects. The experimental vaccine was developed from a strain of varicella vi rus isolated in 1974 in Japan by Dr. Michiaki Takahashi. Researchers used a live but weakened form of the virus to trigger the body's immunological system into producing antibodies against the disease. The idea, explains Weibel, is "to induce immunity without inducing clinical disease...

Author: /time Magazine | Title: Science: A Shot in the Arm for Itching | 6/11/1984 | See Source »

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