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Teruhiko Mano
BUSINESS
Mar 19, 2001
Technological advances pose challenge for 21st century
Progress and technological innovation bring economic prosperity, as everyone knows. The advent of the steam engine brought about the Industrial Revolution, and the information technology revolution has reinvigorated the U.S. economy today. It is only natural for us to expect technology to continue contributing...
BUSINESS
Jan 15, 2001
Next U.S. president should use surplus to pace savings rate
Amid growing signs of a slowdown in the U.S. economy, the whole world is closely awaiting the new policies of President-elect George W. Bush, who prevailed in one of the closest presidential races in U.S. history after more than a month of unprecedented legal wrangling.
BUSINESS
Dec 25, 2000
Demise of IT bubble compares with '80s Japan
Signs of a slowdown in the U.S. economy are growing, and the most symbolic of them is the decline of the technology-laden Nasdaq index. The Nasdaq composite index, which stood at 3,700 points at the end of last year, shot up into the 5,000 range in May. But its plunge has also been quick, and it recently...
COMMENTARY / World
Aug 21, 2000
Welcome end to the zero-rate policy
The Bank of Japan lifted its zero-interest-rate policy Aug. 11, despite strong resistance by the government, which exercised its right for the first time under the new BOJ law in its unsuccessful attempt to have the vote by the central bank's Policy Board postponed. One week later, the Nikkei-225 average...
BUSINESS
Jul 31, 2000
Third phase of monetary rule prompts G8 to renew focus
This year's Group of Eight summit was concluded over the weekend in Okinawa, wrapping up a series of meetings that began July 8 with the G8 finance ministers in Fukuoka.
BUSINESS
May 8, 2000
G7 drop vital hints on future of fundamentals, forex market
Many observers have brushed aside the latest agreement made by the Group of Seven finance ministers and central bankers in Washington last month.
BUSINESS
Mar 27, 2000
Excessive currency liquidity fuels speculative rise in crude
Crude oil prices, which just a year ago appeared on the verge of falling below $10 per barrel, began a steep climb this year, at one point hitting $34 per barrel -- the highest level since the Persian Gulf Crisis. There are two major reasons behind this phenomenon.
BUSINESS
Feb 7, 2000
Fiscal surplus, external deficit: Can the U.S. thrive on technology alone?
This year's State of the Union address by U.S. President Bill Clinton lasted 89 minutes.

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