February 2, 1997 |
Fumiko Osawa, owner of a small Yokohama shop that sells packaged tea, feels almost hopeless about the future of Japan's economy. Stocks have plunged 15% in the last two months, land prices are less than half their late-1980s values and the population is rapidly aging. Osawa fears that Japan is headed for "depression." "I think the only ones who make money will be doctors and those who sell graveyards or run nursing homes," Osawa said. "We can't expect a glorious future."
June 8, 1992 |
Meeting Scheduled on Economic Rival Plan: Economic officials will meet next week to review the impact of an emergency package to revive the economy. Finance Minister Tsutomu Hata will chair it. The group has met only once since the government adopted an economic stimulus package in March. The meeting will occur amid calls at home and abroad for Japan to take further steps, such as increased public spending or cuts in interest rates, to sustain its economy.
September 26, 1994 |
Mitsuo Kon and his wife have talked of buying a new home for the past few years. This month, they decided the time had come to make a move. They found a "bargain"--a 1,000-square-foot, $567,000 condominium under construction 45 minutes by train from downtown Tokyo. "Prices are cheaper than two or three years ago. It looks like it's affordable for us," Kon, 56, said after filing an application to buy the unit.
January 26, 2000 |
Imagine that an American city held a referendum on whether to build a billion-dollar dam and residents voted more than 10 to 1 against it--but the government refused to abandon its construction plans. Japan is in a furor over just such a scenario. It began Sunday when residents of the city of Tokushima voted 102,759 to 9,367 against building a dam across the Yoshino River on the island of Shikoku.
April 27, 1989 |
In an attempt to boost Japan's image in environmental matters, government officials announced Wednesday that they will scrap plans to build a landfill airport near a rare stand of blue coral off a remote island in Okinawa prefecture. Junji Nishime, the governor of Okinawa, told a news conference that the prefectural, or state, government was responding to international criticism and vociferous local protest in deciding to move the airport project to a new site about two miles north of the original site.