Word: shiraishi
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...Throughout Japan, managers are slashing production and restructuring to try to weather the economic downturn, which economists say could continue for the next two or three years. "Demand has been falling off a cliff since the collapse of Lehman Brothers," says Hiroshi Shiraishi, an economist at BNP Paribas in Tokyo. Shiraishi says exports declined a "massive" 15% in real terms last quarter...
...Looking at Japan Inc. as a whole, BNP Paribas' Shiraishi expects production levels to hit bottom in the second quarter of this year, and says some recovery might be seen in the second half of this year. Shiraishi adds that manufacturers could start growing again around 2012, when a wave of Japan's baby boomers will reach age 65 and begin to spend their nest eggs. "They've been saving a lot to prepare for their retirement," says Shiraishi. "That could be a stabilizing factor for Japan." One catch, he says: they probably won't buy more cars...
...their first child; Naruhito's younger brother, Akishino, 37, has two daughters and no son. Under the current laws, after Naruhito, Akishino and an uncle, no one is in line to ascend to the Chrysanthemum Throne. "I have to say I was disappointed it was a girl," says Naomi Shiraishi, who stood in line Saturday night buying special commemorative crackers near Masako's childhood home in Tokyo's Meguro ward. "I hope she gives it another shot, and that next time, it'll be a boy." Given Japan's current state of psychological flux and funk, a girl seems almost...
...plane crash, on Abaco Island, the Bahamas. Her two subsequent albums also produced chart-topping singles and sold millions. In 2000 she co-starred with Jet Li in the film Romeo Must Die and was slated to appear in the next two installments of The Matrix. DIED. YOSHIAKI SHIRAISHI, 87, a former sushi chef and inventor of kaiten-zushi, a clever conveyor-belt system for serving sushi in restaurants that uses color-coded plates to inform customers of the prices; in Osaka. In 1958, Shiraishi opened the first restaurant using his method, which quickly gained popularity throughout Japan and overseas...
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