Word: tokyo
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...doors down from former Prime Minister Taro Aso's office in the House of Representatives Building No. 1 in Tokyo, freshman Japanese lawmaker Eriko Fukuda, her hair characteristically tucked behind her right ear, sighs that her male secretaries don't know how to care for flowers. Fukuda is settling in as the upcoming session of the Diet, Japan's parliament, approaches. Her office is filled with bouquets and orchids sent by well-wishers, adding a splash of color to the building's dreary halls - as does Fukuda herself. At age 29, she is the country's youngest member...
...society still steeped in conservative, patriarchal values. Japan's government for decades has been dominated by older men, most hailing from the right schools and the right families, who staked out politics as their exclusive domain. In 1997, a former Health Minister offered a glimpse of prevailing attitudes in Tokyo's men's club when he referred to women as "babymaking machines." Still relatively few in number and junior in status, women are unlikely to have much of an immediate impact on the Diet. But their influx has unquestionably added a dash of diversity - and perhaps will instill some social...
...will be reconfigured to address the risk of floor-mat entrapment. In addition, Toyota will install a brake-override system that cuts engine power in case of simultaneous application of both the accelerator and brake pedals. The cost of the recall could top $4 billion, according to speculation in Tokyo, which Toyota officials in the U.S. have declined to verify. (See TIME's survey of the 50 worst cars...
...With demand so low, few firms will be willing to borrow which means the impact of another round of easing is likely to be limited. Masaaki Kanno, JPMorgan Securities chief economist in Tokyo, says, "The message from senior [Democratic Party of Japan] politicians is that they want the BOJ to implement quantitative easing. And this is the answer from the BOJ - reactive rather than proactive." Kanno says that the BOJ is making a kind of concession to the government and is probably reluctant to implement quantitative easing because it is not convinced that it will improve deflation, economic stagnation...
...with some 400 property projects already reportedly frozen in Dubai, the news raised the specter of a gigantic default that would sink exposed creditors around the world. "Inspired by Islamic artifacts," read the sheik's post on Twitter during a visit to the British Museum as share prices from Tokyo to New York City were about to plunge in response to Dubai's announcement. (See a story about Dubai's debacle and the global financial crisis...