Word: yoshida
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...triumph, like the glass of beer, was not all it appeared to be. Shigeru Yoshida's Liberals, who have not forgiven Hatoyama's Democrats for the ousting of Yoshida after seven years as Premier, voted for Hatoyama as they had promised. But in the balloting for Speaker and Vice Speaker of the Diet's lower house, the conservative Liberals joined with the Socialists to defeat Hatoyama's two Democratic candidates. A Liberal was voted in as Speaker, a Socialist as Vice Speaker. This successful Liberal-Socialist maneuver showed that the new Premier might...
...Tokyo businessman put it more crudely. "Yoshida," he said, "sold Japan from under his kimono, like a Parisian selling dirty pictures. Hatoyama is different. He is like a brand-new shopkeeper on the Ginza - his door is open to everybody...
...epitaph. While they should have been sacrificing and skimping at home to retool for export, Japan's politicians and businessmen frittered away time and resources in loose planning, uncontrolled lending, lavish government subsidies, politically expedient tax reductions, a splurge of domestic production and a rash of corruption. Under Yoshida the country did not begin until last year the gestures of discipline and austerity that were needed. The gestures helped-only eight months ago economists were predicting total economic collapse. But gestures are far from enough. Japan needs an austerity at least as stringent as Britain and West Germany went...
Until he could return, Hatoyama entrusted the Liberal Party to his good friend Yoshida. By the time he was de-purged five years later, Hatoyama had been laid low by a stroke, and tough-minded Shigeru Yoshida had grown too attached to the job to relinquish it. Hatoyama bided his time until the conservatives and their business backers began chafing under Yoshida's leadership, and the public began showing its irritation with the remnants of U.S. occupation and those who cooperated with it. All that was then necessary was a shrewd deal across the game tables. Overnight last fall...
This strategy has made Hatoyama's newborn Democrats the dominant party in Japan. Last week they won 185 of the 467 seats in the Diet. Yoshida's Liberals (now guided by Taketora Ogata) were reduced to 112 seats. With nowhere else to go but into coalition with their fellow conservatives. Ogata promptly announced that the Liberals would support Hatoyama. Hatoyama may not be in charge for long, but he talks confidently of carrying on for two years. Out of this alliance may come one strong, conservative party, and with Right and Left Socialists also talking merger...