Word: miti
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...live in and around the crumbling colonnades and red-tiled townhouses whose gardens still overflow with frangipanis, bougainvilleas and Indian almonds imported by the island's opulent forebears. And somehow, despite being considered for U.N. World Heritage status, Ibo has been barely rediscovered. There are just three small hotels: Miti Miwire (from $50 a night), Cinco Portas Pensão (from $100) and Ibo Island Lodge (from $350 a night per couple). All are beautiful converted houses, but the lodge has huge rooms, Goan four-posters, the best pool and best sunset view, and its rates include air transfers from...
...Japanese companies bought supposedly priceless U.S. assets like Rockefeller Center and Columbia Pictures; today, Americans freak out when Chinese firms even attempt to purchase anything on U.S. soil. American manufacturers cried out for protection against the evil Japanese onslaught orchestrated by the sinister Ministry of International Trade and Industry (MITI). Otherwise, the U.S. economy would be doomed...
...Trade occupies a 17-story granite tower in the heart of Tokyo's political district. The building looks as sturdy as ever. The bureaucrats inside are still recording trade surpluses with the rest of the world, month after month after month. This is the powerful agency--known as MITI, or the Ministry of International Trade and Industry--that two decades ago provoked fear and loathing in Washington because it was masterminding a protectionist and predatory strategy that vaulted Japan to the summit of the world's economies. Or so it was thought. But that era of Japan bashing has been...
...member of the lower house of parliament. "I think some of the old ones even understand that now." Shiozaki and a gang of younger Liberal Democratic pols are attempting a coup, trying to grab control of the party. This kind of thing is breaking out all over, even at MITI. After 17 years at the ministry, Yoshiaki Murakami, 41, quit in 1999 to start an investment fund. His plan: to shake up boardrooms by challenging the cross-shareholding system that protects troubled banks and companies. He attempted a hostile takeover, the first in Japan, of a small electronics company last...
...Murakami learned this kind of thinking at MITI, the symbol of Old Japan, it was by observing what not to do. The rest of Japan has had plenty of lessons in that in the past decade. Now it's time to see what it has learned...