Word: toyo
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Dates: during 1990-1999
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Another argument for change is that investors are no longer willing to wait for long-term payouts on their investments. "Those days are over," argued Richard Koo, a senior economist at the Nomura Research Institute, in an article in the economic weekly magazine Toyo Keizai. From now on, he predicted, companies will have to increase prices or withdraw from unprofitable lines of business if they are to meet investors' expectations...
Lately some Japanese executives have begun to acknowledge that their country is partly to blame for America's economic problems. A commentary in a recent issue of the respected business weekly Toyo Keizai could have been written by Pat Buchanan: "Japan can't merely criticize the decline of the U.S. economy by saying, 'It serves you right.' If one takes into consideration the abnormal situation where Japan's excessive competition, low profit margins and long work hours served as a background to our earning a $40 billion trade surplus with the U.S. . . . we can say that Japan has a share...