Word: toyotas
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Dates: during 2000-2009
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...change the Japanese economic structure." The program doesn't do enough to reform the economy so that consumers will save less and spend more on a permanent basis, he says, which means growth will remain overly reliant on the performance of a handful of top companies such as Toyota Motor, the world's largest automaker. "I think it's only big spending by the Japanese government to boost the Japanese economy. The effects of it might be finished within a year...
Here's $3,000. Now scram! That's the offer that Japan made on April 1 to unemployed foreigners of Japanese ancestry. These immigrants, mostly from Brazil and Peru, had previously obtained special visas to do manufacturing work in Japan for companies like Toyota. With the number of available jobs at a six-year low, the nation can no longer afford to pay them unemployment benefits and is asking them to leave...
...nothing if not hands-on during his decade as President of Peru. In January 1997, in the midst of the hostage ordeal at the Japanese embassy in Lima that dragged on for four months, "Fuji," as Peruvians called him, took TIME on a ride around the capital in his Toyota 4x4. His aim was to demonstrate that he, not the Tupac Amaru guerrillas who were holding 72 civilians (including Fujimori's brother) at the embassy residence, who enjoyed the support of the country's poor. At one shantytown he rolled down his window and basked in the thank-yous...
...can’t fairly blame all of GM’s decades-long troubles on a man who has been CEO for only nine years. High cost union contracts and close competition from rivals like Toyota made Wagoner’s job a difficult one. And, to his credit, he closed unnecessary plants, laid off workers, and renegotiated union contracts in an attempt to streamline the company. But he did little to pull his company out of its unsustainable reliance on sales of sport utility vehicles and trucks, which plummeted when gas prices rose to $4 per gallon last...
...feels particularly aggrieved because it has agreed to an unending series of givebacks over the past 20 years. Even before this latest crisis, the UAW had assented to the 2007 contract, which would have put Detroit's labor cost per car within a couple of hundred dollars of Toyota's and the other transplants'. That isn't enough, in the view of the task force, because consumers are willing to pay more for the foreign badges, and the Detroit Three need to earn more on domestic car sales to become viable for the long haul...