Word: masao
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Dates: during 1970-1979
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Also honored were: William G. Bowen, the president of Princeton University; Rudolf Serkin, the concert pianist, Masao Maruyama; a Japanese historian; and Lloyd C. Elam, a nationally known psychiatrist...
...Bank, Ltd.; Tatsuro Goto, Mitsui & Co., Ltd.; Nobuya Hagura, Dai-Ichi Kangyo Bank; Akira Harada, Matsushita Electric Industrial Co., Ltd.; Shoji Kambara, Ricoh Co., Ltd.; Kiyoshi Kawashima, Honda Motor Co., Ltd.; Kaoru Kobayashi, Institute of Business Administration and Management; Kazutoyo Komatsu, Trio Electronics, Inc.; Tatsuya Komatsu, Simul International, Inc.; Masao Kunihiro, Kokusai Shoka College; Teiji Makikawa, Fujitsu Ltd.; Isao Makino, Toyota Motor Sales Co., Ltd.; Jiro Mayekawa, Teijin Ltd.; Yohei Mimura, Mitsubishi Corp.; Masafumi Misu, Hitachi, Ltd.; Rihei Nagano, Kubota, Ltd.; Yoshio Narita, Yamaichi Securities Co., Ltd.; Yoshiro Neo, Sumitomo Shoji Kaisha, Ltd.; Saburo Oyama, Nippon Electric Co., Ltd.; Kazuo...
Fear of new U.S. barriers against imports has prompted some foreigners to buy their own share of American business. "Sooner or later we would have run into protectionist action," says Masao Sawano, general affairs director of Japan's Toyo Bearing Manufacturing Co. Ltd., which recently opened a $1,000,000 ball-bearing plant in Chicago. But the major attraction is the size and vigorous expansion of the U.S. economy. And now that the dollar has been devalued twice since late 1971, foreigners can build new U.S. factories more cheaply than before...
...Even more rewarding, Tsu has never had a strike; in fact, all of Japanese industry has been relatively strike free. When there is a strike in Japan, it usually begins on Saturday afternoon and ends Monday morning. "The basis of our labor relations is mutual trust," says Takeuchi. Adds Masao Ando, head of the company union: "We know that the health of the workers depends on the health of the company." Tsu is not only healthy but also highly productive; it requires only around 25 man-hours to mold each ton of steel into ships, compared with Sweden...
Yoshizane Iwasa, president of the Fuji Bank, which is Japan's largest, found himself held to account for an embezzlement by a minor loan officer in a Tokyo branch. Masao Suganuma, 41, was arrested for taking $5,270,000 through phony loans. Once word got out, President Iwasa was summoned before the finance committee of Japan's Diet to explain and apologize. Last week the bank's board, of which Iwasa is a member, cut the pay of Iwasa and other officers and directors by as much as 30% for the next six months. The directors canceled...