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."
May 19, 1996 |
On a shelf in Yoji Yamamoto's office sits a binder with the instructions for reproducing Woody Woodpecker, right down to the correct shade of Dai Nippon paint used to color his bright red topknot. That binder is one piece of MCA Inc.'s strategy as it moves into Japan--true Mickey Mouse territory and the most lucrative foreign market of the powerful Walt Disney Co.
November 8, 1995 |
The Walt Disney Co. said it is making plans to build an aquatic theme park in Tokyo, four years after the company scuttled elaborate plans for an oceanfront park in Long Beach. Disney officials said the park, tentatively called Tokyo DisneySea, will be built in Tokyo Bay, and will be owned and operated by Oriental Land Co., the Japanese development company that operates Tokyo Disneyland.
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 6, 1994 |
Entertainment giant MCA Inc., which operates Universal Studios theme parks in Los Angeles and Orlando, Fla., on Wednesday announced plans to build a $1.5-billion park in Osaka, Japan. When completed in 1999, the 140-acre Universal Studios Japan is expected to rival Tokyo Disneyland in size, with a target of 8 million visitors in its first year of operation, Osaka city officials said. While Walt Disney Co.'
March 14, 1993 |
A sparsely populated, wind-swept hook, Shimokita peninsula juts from the northern tip of Honshu, Japan's main island, with a stark beauty reminiscent of the classical brush paintings of the 16th Century. Eagles hover over rolling pastures and swans bathe in quiet marshes. Idyllic but not ideal. With its long, cold winters and infertile soil, Shimokita is one of the country's poorest and most inhospitable regions.