Word: isuzu
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...rejects many investment applications, stalls on others, attaches unacceptable conditions to still others. Ford and Chrysler have been delayed for years in attempts to buy into the booming Japanese auto industry, and General Motors has won permission for only a limited investment: 35% ownership of a joint venture with Isuzu Motors, a truck maker. Says James Adachi, president of the American Chamber of Commerce in Japan: "We can set up a factory to make geta [Japanese wooden clogs], or open a supermarket, so long as it is smaller than 500 square meters...
...newfound prosperity. Last year the Nationalist Chinese sold South Viet Nam some $100 million in machinery, fertilizer and other goods, nearly 15% of Taiwan's total exports. In Japan, the U.S. military during 1967 bought some $200 million worth of goods for Viet Nam, ranging from sandbags to Isuzu buses. The war less directly helped generate another $800 million in Japanese exports; for example, G.I.s based in Southeast Asia purchased 13% of Japan's total camera exports. Other beneficiaries include Singapore and Malaysia, which store and ship Viet Nam-bound petroleum products, a trade that amounted last year...
...Steel - are in the process of merging into a colossus that will produce some 22.3 million tons of steel a year and rank second in the world only to U.S. Steel (30.9 million tons). The automaking di vision of Mitsubishi Heavy Industries is being combined with the truck-making Isuzu Motors to form Japan's third largest automaker, after Toyota Motor Co. and Nissan Motor Co. Other mergers are afoot in petrochemicals, electric equipment, heavy machinery, banking and shipbuilding...
...reduce (but not cut off) their imports of luxury goods. There is a shortage of both new and used cars; the Ford assembly plant in Salisbury has had to curtail production because of a shortage of parts, and the nearby Rover plant has started turning out Japanese Isuzu trucks to replace the British lorries it once assembled. Tobacco, once Rhodesia's principal source of foreign exchange, is now piling up in secret government warehouses-three of which are disguised as hangars on an unused Salisbury airfield. The government recently initiated a "Guard Against Gossip" campaign (nicknamed "GAG") warning Rhodesians...
...Japanese Government proposed to send the battleship Kiso or the Isuzu around the world to express gratitude to foreign nations for their aid to Japan during and after the earthquake. Admiral Uriu, an Annapolis graduate, is likely to command the ship...