Word: matsunaga
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...Japan argues that the treaty put an end to any Korean claims against Japan, cultural or otherwise. "We agree to disagree over the nature of the returns," says Daisuke Matsunaga, a deputy press secretary for Japan's Ministry of Foreign Affairs. Matsunaga says the original "transfer" of cultural artifacts from Korea to Japan was lawful. "Our position is that it is out of friendship and goodwill, we are giving things back." But the Tokyo National Museum and Japan's major universities have shown little inclination to return items in their collections...
...started looking. We asked the agency that had arranged the adoption, Friends of Children of Various Nations, to begin a search. Within six months our caseworker, Kim Matsunaga, told us they had found the birth mother but she was highly reluctant to meet us. She had never told anyone about Rae. In Korea, the shame of unwed pregnancy is huge. The mother is disowned, the baby rootless. Kim guessed she had told her parents she was moving to the city to work and had gone to a home for unwed mothers...
...Treasury Secretary Robert Rubin, who pronounced China "an island of stability" in Asia's economic crisis, reminded people in Malaysia, Thailand and South Korea that he was "deeply, deeply" concerned about the value of the yen. Other officials were tossing off background critiques of Japan (whose Finance Minister, Hikaru Matsunaga, has been referred to as Minister for the Destruction of the World Economy) and warning that if its leaders didn't take "decisive action" fast, the world's second largest economy might drag the rest of Asia--if not the world--further into recession...
...dump lasted nearly four days, as urgent calls flew between Treasury and Tokyo's Finance Ministry. In close consultation with Federal Reserve Chairman Alan Greenspan, Rubin pushed Finance Minister Hikaru Matsunaga to deregulate his economy and jump-start it with permanent tax cuts. Especially important to Rubin was a Japanese pledge to abandon its so-called convoy system, whereby strong banks must support weaker ones no matter what their financial condition. Convoying has left the banking system as a whole with some $600 billion in bad debt. The question was what the Clinton Administration was prepared to do in exchange...
...Asked for his recommendation, he ran his fingers through his hair, then somberly replied that intervention by itself would accomplish little. What really mattered was concrete Japanese actions. He headed back to Treasury. At 9 p.m., a Rubin aide called the White House. After more talks, Japanese Finance Minister Matsunaga had outlined specific actions, including a promise to end the convoy system. Rubin okayed...