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Japanese ambassador reports country's economic recovery is under way

Japanese Ambassador Ichiro Fujisaki addressed a full crowd Friday at the state Capitol, denying as false any reports that his country was suffering an extended economic downturn, then affirming that recovery from last year's earthquake and tsunami is well under way.
by Steve Lackmeyer Published: August 6, 2011
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Japanese Ambassador to the U.S. Ichiro Fujisaki addressed a full crowd Friday at the state Capitol, denying as false any reports that his country was suffering an extended economic downturn, then affirming that recovery from last year's earthquake and tsunami is well under way.

Fujisaki's “friendship” visit was attended by representatives of four Oklahoma cities — Tulsa, Shawnee, Norman and Stillwater — that have “sister city” relationships with cities in Japan.

Lloyd Harden, honorary consul general of Japan, noted the country has important economic ties to the state, including Mitsubishi Heavy Industries in Tulsa and Hitachi Computers in Norman.

“Japan for many years has been second or third in exports for Oklahoma,” Harden said.

Fujisaki criticized American news organizations that reported Japan had plunged into financial stagnation and never pulled out as leaders failed to seize on opportunities to fix their economy or build a consensus.

He called such reports “stereotyping,” adding “things are not as simple.”

Two decades of economic growth were not lost as claimed, Fujisaki said, and deregulation and other changes were pursued in earnest starting in 2000. He said the country's economy grew as fast as those of the United States and Europe from 2003 to 2007.

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by Steve Lackmeyer
Business Reporter
Steve Lackmeyer is a reporter and columnist who started his career at The Oklahoman in 1990. Since then, he has won numerous awards for his coverage, which included the 1995 bombing of the Alfred P. Murrah Federal Building, the city's Metropolitan...
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