Word: tokyo
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Dates: during 1980-1989
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...mold concrete. Nor is the situation in Borneo unusual. Japan's heavy demand for wood has led to the deforestation of vast tracts in Thailand, Indonesia, the Philippines and Papua New Guinea. Last April the Japan Tropical Forest Action Network, a small but feisty environmental group based in Tokyo, presented the giant Marubeni Corp., one of the world's largest importers of tropical hardwoods, with a mock award: a cardboard chain saw for winning the Grand Prix for Tropical Forest Destruction...
Logging is only one cause of deforestation, but in Southeast Asia it is an important one. And Japan is the world's largest consumer of tropical timber: in 1986 it imported 15.7 million cubic meters, approximately equal to the imports of the entire European Community. Tokyo has begun to finance programs aimed at replanting trees in Southeast Asia but has not yet tried to limit wood imports...
What sounds like a fictional thriller about a globe-trotting takeover artist is the real-life adventure of T. Boone Pickens, the Amarillo oilman and corporate raider. Pickens was in prime form last week as he challenged corporate officers at the annual meeting of Koito Manufacturing, a Tokyo-based automotive-lighting maker in which he controls a 20% share. "Do you treat all owners this way? Or is it just American shareholders?" Pickens asked, grilling the nervous Japanese board members...
While Pickens' bid for influence in Koito was viewed at first as just an isolated corporate raid, the canny Texan has managed to portray it as a symbolic campaign against Japanese investment barriers. As a result, he has gathered attention in both Tokyo and Washington, where experts fear that his exploits may aggravate trade tensions...
Though Pickens was rebuffed, his Tokyo crusade may pay other dividends. Pickens is believed to be interested in making a run for the Texas governorship, so his Japanese offensive may be calculated to play well back home. Koito, for its part, is launching its own publicity offensive, contending that if such eminent U.S. companies as Gulf Oil and Phillips Petroleum can turn away Pickens' bids, Koito can snub...