Word: yoshino
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...Yoshino, that many families have "no more big items to buy for the moment." The government announced a proposal last month to spur the economy with a $5 billion tax cut and $8.1 billion in new public works spending. Yoshino forecast that these measures might help lift Japan's growth rate...
Japan. Unlike its Asian neighbors, which are still in the launch phase of industrial development, Japan has already reached cruising altitude. Said Bunroku Yoshino, director of the Institute for International Economic Studies in Tokyo: "Japan is very comfortable, like the U.S. was in the 1950s under President Eisenhower." He predicted that unemployment, now only about 2.5%, may go to 2% in 1984. Exports were up about 10% in the third quarter of the year and will stay strong. Japan's car manufacturers have unveiled new models that will undoubtedly dazzle foreign customers...
...Tokyo will limit steel exports to the Community to 1.4 million tons. But at Common Market headquarters in Brussels, these steps have been viewed as too little, too late. In November, over lunch in Brussels, European Commissioner Finn Olav Gundelach warned Japanese Deputy Foreign Minister Bunroku Yoshino that Japan would have to submit a comprehensive plan to right the trade imbalance or face retaliation. The Europeans, for example, could slap extra import duties on Japanese goods that they suspect are being "dumped"-that is, sold in Europe at lower prices than in Japan...
...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...
...crime did not pay for the Ikedas, at least courage and persistence did. Last week their counterfeiting came to an abrupt end as police closed in on their iron hovel. Citizens of Osaka, hearing the pathetic story of Kanji and Yoshino, promptly raised and sent to the jail a sympathy fund of 18,000 yen-almost twice what the Ikedas had been able to paint for themselves...