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...City real estate bust, which saw commercial-vacancy rates rise from 8% to nearly 14% over the past five years. To reduce its interest expense, the Japanese company hopes to renegotiate the $1.3 billion mortgage it acquired in 1989. (That was the heady period when another Japanese firm, the Minoru Isutani Group, acquired California's famous Pebble Beach golf course for $840 million, which it sold at a 40% loss two years ago.) Mitsubishi threatened to default on its loan last week, which some analysts say was a calculated move. "They're figuring out that...

Author: /time Magazine | Title: So Many Dreams So Many Losses | 11/28/1994 | See Source »

Then they found him: a respected local businessperson whose company employed 1400 area workers, whose children went to Seattle schools, and who, unlike Argyros or Smulyan, actually possesses a Washington State driver's license. A resident for 15 years, Minoru Arakawa seemed the perfect man to head a coalition of Seattle backers...

Author: By Lori E. Smith, | Title: Major League Xenophobia | 2/22/1992 | See Source »

PERFECT, THAT IS, only for those interested in keeping baseball in Seattle. Despite lip service to the contrary, local ownership has never been a priority for Major League baseball, as was demonstrated again in the flap created by Minoru Arakawa's nationality. He and the potential investor--Nintendo, owned by his father-in-law--are Japanese...

Author: By Lori E. Smith, | Title: Major League Xenophobia | 2/22/1992 | See Source »

...group of investors led by Minoru Arakawa, president of Nintendo of America, made an offer last week to buy the Seattle Mariners baseball team. Cars and baseball are items located near the center of the American psyche and folklore. To see them symbolically under threat from the Japanese caused unusual resentment and distress to some Americans, especially after they have watched the Japanese buy heavily into Hollywood and Rockefeller Center. The distress was illogical sometimes: Arakawa has lived in the Seattle area for 15 years and has promised to keep the team there, while the competing bidder, a group...

Author: /time Magazine | Title: Lance Morrow | 2/10/1992 | See Source »

...Yamamoto's key planners was Commander Minoru Genda, still only 36, still a hot pilot at heart, first in his class at the Etajima naval academy, combat ace over China, leader of a daredevil stunt team called Genda's Flying Circus. Genda contributed several key ideas: that every available Japanese carrier should be assigned to the attack, that it should combine dive-bombing, high-level bombing and torpedoes, that the attackers should strike at dawn...

Author: /time Magazine | Title: Day of Infamy | 12/2/1991 | See Source »

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