Word: taro
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...official. On Nov. 17, Japan's government declared that the second largest economy in the world had slipped into recession for the first time since 2001. The Cabinet office of Prime Minister Taro Aso said that gross domestic product had contracted at an annual rate of 0.4% in the three months up to September, its second consecutive quarter of negative growth...
...risk. Even stepping out of the flow to grab a paper at one of the station's many convenience stores can be a struggle. But as of Monday, there's a new reason for Tokyoites to take a detour from their well-worn paths: revered Japanese artist Taro Okamoto's Asu no Shinwa ("Myth of Tomorrow") now has a permanent home near the Keio Inokashira line in the Shibuya station...
...more freely. When Myth of Tomorrow was commissioned, his secretary and life partner, Toshiko Okamoto, questioned his decision to represent such destructive imagery. "He told her, 'Because it is Mexico, this will work,' " says Akiomi Hirano, Toshiko's nephew and the producer of the Shibuya mural project for the Taro Okamoto Memorial Foundation. The Mexican hotel developer who commissioned the mural, Manuel Suarez, immediately took to the concept. "Taro wanted the Japanese to surmount the misery of the past rather than to retract inwardly - to blossom outward and look ahead. That was a radical concept in 1967. He was probably...
...announced a $51 billion economic stimulus package aimed at restoring financial stability to the country. Among other measures, the government will inject more money than originally planned into financial institutions, offer tax breaks on housing loans, and guarantee loans taken out by small-and medium-sized businesses. Prime Minister Taro Aso said the radical package was needed because "a harsh storm seen only once in 100 years is raging...
Indeed, there is a sense of deja vu in the proposals of the government and regulators to stabilize the financial system. On Monday, Prime Minister Taro Aso called for a drafting of emergency measures, such as purchasing stocks held by banks, limiting the short selling of stocks and increasing the amount of taxpayer money to be injected into banks from 2 trillion yen to 10 trillion yen - all reminiscent of Japan's 1990s meltdown. The government action appears to be focused on preempting losses caused by share prices. Declared Aso, "Stock prices greatly influence the real economy...