Word: yoshino
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Dates: during 1960-1969
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...More Time. Japan's leaders smile and agree that, yes, change and more competition are necessary. Toshihiko Yoshino, research director of the Bank of Japan, concedes that opening Japan to foreign businessmen would help considerably to ease inflation. But he and other leaders plead for more time to strengthen companies against aggressive foreign rivals-and time to squeeze the necessary decisions out of the consensus system. Japan's exasperated trading partners are no longer in any mood to grant that time. For instance, Japanese companies do not invest much in research, but instead rely largely on buying foreign...