If everything is great then it’s hunky-dory, while a honcho is a big shot, and both words come from Japan.
During the First World War, American sailors on leave discovered a Yokohama street named Huncho-dori that provided all the facilities for carnal pleasure.
They brought home the name and the good feeling as hunky-dory.
The word “honcho” came out of the Second World War and is Japanese for “squad leader.”