Word: tokyo
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...high or somewhat high. The biggest risk, cited by 69% of respondents, was "the effect of fiscal stimulus measures wearing off." Hatoyama appears to be willing to continue stimulus spending under the circumstances even if that means more red ink. He has learned a lesson from 1997, when Tokyo prolonged and deepened a recession by raising taxes prematurely...
...their thumb and forefinger and smell. The biggest and best tuna will go for about $700 wholesale, and get whisked away to be washed, beheaded, gutted and packed with dry ice to catch the 10:30 a.m. flight to Manila. By the next day, the fish will be in Tokyo, Seattle or California. By the next night, its meat will be poised between chopsticks. (Watch TIME's video "The Trouble with Tuna...
...General Santos is not the only place dependent on tuna. At 6 a.m., an auctioneer in Tokyo reaches up to ring a brass bell, alerting a group of blue-capped, rubber-booted men perusing rows of gray frozen tuna that the bidding is about to begin. He starts to chant out the tuna's serial numbers, written on squares of paper stuck to their bellies. One bidder raises his hand with an offer that the auctioneer weaves into his mantra: "4-5, 4-5, 4-5." That's 4,500 yen - about $50 - one of many offers made for every...
...lovers of tuna. In Tokyo's upmarket Okusawa suburb, the lunch crowd at the sushi restaurant Irifune has thinned out. Katsumi Honda, Irifune's owner and head sushi chef, rhythmically chops blocks of pink and red flesh behind a counter. Now 68, Honda remembers how, as a boy, his first bite of Japanese hon maguro, or bluefin, inspired him to become a chef. For Honda, it's the only tuna there is. "Once you experience our natural maguro, you cannot go to a conveyor-belt sushi place anymore," he says. In 2001, when the yen was still rolling, Honda helped...
...with reporting by Lisa Abend / Cartagena and Yuki Oda / Tokyo...