Word: hashimoto
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...European Union (E.U.). But the Japanese wouldn't budge. Five percent was their limit. So the U.S. delegation called Washington to report the impasse, and at 2 a.m. an exhausted Gore, still jet-lagged from his flight from Kyoto, got on the phone with Japanese Prime Minister Ryutaro Hashimoto. Gore praised Hashimoto for Japan's leadership in playing host to the conference and then pointed out how bad it would look for the host country to derail the agreement over a measly percentage point...
...nearly set: the E.U. would cut emissions their 8%, the Japanese 6% and the U.S. a nominal 7%. (Administration officials insist that the most realistic accounting scheme makes the actual cutbacks lower; what's called 7% in Kyoto, they say, is really 3% at most.) After Gore twisted Hashimoto's arm, those were the numbers that stuck. Exhausted negotiators took an additional 10 hours to iron out the details--as Japanese workers hovered impatiently, waiting to set up for a trade show at Kyoto's International Conference Hall--but the American negotiating team never had to come back with...
...financial institutions got so bad last week that dithering politicians finally had to act. The ruling Liberal Democratic Party (L.D.P.) managed to commit itself to a controversial, publicly financed $80 billion scheme to shore up the banks. But that is as far as it got. If Prime Minister Ryutaro Hashimoto does not produce a rapid consensus on exactly how the money will be used or what drastic measures the government will take to resuscitate the economy, plummeting confidence will batter the markets further...
...real test for Japan is whether the Old Guard bureaucrats and politicians still holding power have the courage to make bold, immediate repairs. Hashimoto, the first Prime Minister in a decade to last more than 18 months, came into his second term last year boasting that he would reform the system or "explode into a ball of fire." He proclaimed the most sweeping slate of changes Japan has seen in a century, committing himself to a six-point program to reduce the size of government, liberalize financial markets and unravel the country's byzantine web of economic regulations...
Prime Minister Ryutaro Hashimoto last fall set up a series of deregulatory reforms that by 2000 would make the Japanese capital markets competitive with other foreign investors, according to Takasu, who is studying the topic for his senior thesis...