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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (5893)3/27/2002 6:03:55 PM
From: John Pitera  Respond to of 33421
 
Can Japan's school's teach more by teaching Less??....

Tokyo Hopes New Teaching Method
For Children Will Boost Individuality

By YUMIKO ONO
Staff Reporter of THE WALL STREET JOURNAL

TOKYO -- As Japan's public schools prepare to launch a controversial, slimmed-down curriculum, they must strive to answer a question: Can this country's famed education system really teach more by teaching less?

Starting in April, the beginning of Japan's school year, public elementary and junior high schools will no longer hold classes on Saturdays. They will cut the volume of knowledge taught in subjects like math and Japanese by 30% a year, in hopes that students can better understand what they learn.

And there will be some dumbing-down: For instance, fifth graders will be able to round off the value of pi, the ratio of a circle's circumference to its diameter. Instead of using 3.14, in some instances they can simply use 3.

To Americans, it may be hard to understand why Japan is so eager to change its renowned system. Japan's education system long has been admired for helping the nation quickly develop as an economic power after World War II. Japanese students regularly outscore Americans in standardized tests. In a survey of 15-year-olds in 32 countries by the Organization for Economic Cooperation and Development, released in December, Japan was one of the top performers in math and science literacy, far ahead of U.S. students.

But Japan's government says the current system focuses too much on drilling children with rote memorization, and too little on fostering the individuality needed in a high-tech, postindustrial society. So, while the new program cuts the hours of traditional subjects, it adds a new class called a "period for integral study." It calls on teachers to devise freely whatever projects they believe would nurture a "zest for living" among students and an "ability to learn and think for oneself."

Some business leaders are applauding. As Japan struggles to snap out of its decadelong economic malaise, it needs more independent-minded workers who can think up new growth industries on their own, says Kakutaro Kitashiro, president of International Business Machines Corp.'s Asia Pacific operations and an expert on Japanese education.

"What we need are the kind of people who can create new things, to rise to new challenges, and to think of how to produce results on their own," says Mr. Kitashiro. "We no longer need people who simply get good grades."

The new program has roiled educators and parents who say it's a badly thought-out plan that would only lower students' academic ability. Takehiko Kariya, a Tokyo University professor and author of the recent book, "The Illusion of Education Reform," says that over the past decade, schools have already gradually cut their curricula and turned away from rote memorization. But that hasn't made kids smarter. A recent study he led showed that students in elementary and junior high school scored lower than students in the same school 13 years ago, when tested on the same basic questions.

"Teachers shy away from being too rigorous, because they think rigor equals cramming," says Prof. Kariya. But as a result, he says, teachers are paying too little attention to making sure students fully understand what they learn.

Japan's Ministry of Education, Science, Sports and Culture, which is orchestrating the new program, insists the new standards won't yield dumber students. But amid an uproar from teachers and parents concerned about lower achievement, it recently stressed that teachers are free to teach more than the basic curriculum if students can handle it, and that schools are encouraged to give out homework and hold supplementary classes.

It's also not clear whether the "period of integral study" can really turn Japanese students into creative thinkers. Many teachers are scrambling for creative ideas themselves, since there is no textbook and the education ministry has given them little guidance.

In search of models, thousands of teachers have recently flocked to the Negishi Elementary School in northern Tokyo, which has been experimenting with the "integral study" program for the past three years.

Implementing the class took a lot of trial and error, admits Hiroshi Kojima, the school's principal. In the first year, teachers were so focused on letting children freely pursue their interests, that they neglected to give them enough direction. As a result, students' research projects varied tremendously in quality: One ambitious third-grader tried to single-handedly solve the global-warming issue, while another simply counted the number of trees around a local temple. Mr. Kojima says it took two more years for Negishi to develop its own guidelines to devise a program it's comfortable with.

"It's really hard," says Mr. Kojima, "when you're told you can do whatever you want."

Write to Yumiko Ono at Yumiko.Ono@wsj.com

Updated March 25, 2002 11:59 p.m. EST



To: John Pitera who wrote (5893)3/29/2002 11:25:25 PM
From: JBTFD  Read Replies (2) | Respond to of 33421
 
That along with this:

sg.biz.yahoo.com

(says 40% of mortgages in Japan are under water) doesnt bode too well for Japan's banks.



To: John Pitera who wrote (5893)3/31/2002 12:53:17 PM
From: Jon Koplik  Read Replies (3) | Respond to of 33421
 
Two Japanese Banks Lower an Interest Rate to 0.001%

March 30, 2002

Two Japanese Banks Lower an Interest Rate to 0.001%

By KEN BELSON

TOKYO, March 29 — With the basic logic of
their business twisted into knots by years of
recession and falling prices, two of Japan's
largest banks said today that they would slash the
interest rate they pay on ordinary savings accounts to
0.001 percent, just one-twentieth of the already tiny
0.02 percent they pay now.

Savers at UFJ Holdings and Bank of Tokyo-Mitsubishi
hoping to double their money would now have to
leave it on deposit for 69,315 years. In a typical
American savings account paying 2.5 percent, the
balance doubles in less than 30 years.

From a Japanese bank manager's perspective, taking
deposits is becoming a less and less attractive proposition, even at infinitesimal interest rates. With the start of the
new fiscal year on Monday, the government is withdrawing its unlimited guarantee for time deposits, leaving the
banks to find and pay for private deposit insurance for accounts over $75,000 or do without. Deposits over
$75,000
in ordinary accounts lose the government's unlimited guarantee a year later, on April 1, 2003.

There is little hope for making up the cost by charging more for loans — there is too little demand from
creditworthy borrowers for that — so the banks say they have little choice but to effectively stop paying interest.

For the consumer, the change removes any pretense that a bank account is an
investment. The A.T.M. withdrawal fee alone — generally 105 yen, or about 79
cents — would wipe out a year's interest earnings on 100,000 yen ($754).

The banks' announcement caused barely a ripple today. "People are so used to
low interest rates that it no longer shocks them," said Yasuhisa Shiozaki, a
Japanese legislator.

With prices falling across the economy — the government announced today that
consumer prices declined 1.6 percent in February — money left in a bank
account gains purchasing power over time here even without earning interest. (Of
course, so does money stuffed in a sofa cushion.)

Over the long term, though, the disappearance of interest has broad implications
in this nation of savers. Wages are falling, jobs are disappearing and surveys
show that most families feel less secure about the future than they did before. In
response, they are cutting their spending sharply, hoping to avoid tapping savings
they may need if things get worse. Household spending fell 2.9 percent in
February.

They are also shunning stocks and other investments perceived as risky, and it
shows in the Nikkei 225 stock index, which finished the fiscal year today at
11,024, down 15.2 percent from a year ago.

Most Japanese prefer the safety of banks, the country's postal savings system
and gold bars, which have been hot sellers this year. Savers hold about 100
trillion yen ($754 billion) in regular savings accounts at the largest banks.

As deposit insurance for large accounts is phased out, analysts say, customers will pay greater attention to the
financial soundness of the banks they trust with their money. Smaller and shakier banks have already experienced
flocks of customers nervously shifting money to larger institutions that are seen as more robust — or at least, less
likely to be allowed to fail.

Depositors also face the risk that the Bank of Japan will accede to political demands and explicitly try to restart
inflation in the country by flooding it with even more yen than now. Because inflation usually moves faster than
interest rates once it gets going, many depositors may react to its reappearance by sending money to
interest-bearing accounts overseas.

"Because people know prices are falling, there's no sense that their money is becoming less valuable," said
Christopher Walker, an economist at Credit Suisse First Boston in Tokyo. "But if we see inflation, the investing
public will respond."

No exodus has happened yet — only about $200 million of the nation's $10.5 trillion in household savings is now
held overseas.

Consumer groups have been advising savers to think twice before pulling their money out of banks, advice that
resonates after investors in some money-management funds found out last year that they had been burned by Enron
(news/quote) bonds, setting off a stampede out of the funds.

"While there is deepening mistrust of banks, people looking at other financial options often find brokers trying to
sell
products to uninformed people," said Junko Hanai, who works at the Japan Consumer Lifestyle Advisory Group.
"So we tell consumers not to rush, and to stick to savings accounts."

Fortunately, the same banks that slashed interest rates on regular accounts also offer "superordinary savings"
accounts that require a minimum balance of 100,000 yen but pay 30 times the interest. Doubling your money in a
superordinary account takes only 2,310 years.

Copyright 2002 The New York Times Company