Word: mitsubishis
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...Eyebrows rose all across Japan six years ago when Yonejiro Mori resigned as managing director of giant Mitsubishi Shipbuilding to take command of Sasebo Heavy Industries Co., a smaller shipyard that seemed to be limping toward bankruptcy. But to Mori, who at 63 still retains the spirit he developed as a college oarsman, Sasebo represented an irresistible "sporting challenge." Firing up Sasebo's workers with daily pep talks, he diversified the company into diesel engines, bridges and steel tanks. He capitalized aggressively on the demand for supertankers created by the 1956 Suez crisis. Last July, Sasebo launched the world...
Last week something more tangible was brought back to Japan from Moscow by a delegation of 17 Japanese business leaders, led by aggressive Yoshinari Kawai, 76, president of the Komatsu heavy equipment works, and including Kaneo Niwa, chairman of the giant Mitsubishi shipbuilding company...
Falling three miles wide of its target, the vast Mitsubishi shipyard complex, the bomb obliterated one-third of the city, including 18,409 houses, two war plants, six hospitals, a prison, two schools, a church, and an asylum for the blind and dumb. Of the city's 210,000 wartime inhabitants, it killed 38,000, wounded 21,000 others. Among the dead were 40% of Nagasaki's Christian population, which for centuries has been the biggest of any Japanese city; its Oura and Urakami Roman Catholic churches, respectively the oldest and biggest in Japan, were also hit (both...
...Mitsubishi shipyard, which in wartime turned out Japan's super-dreadnoughts Yamato and Musashi, is now the world's largest, and last week was busily expanding in order to build the biggest supertankers (150,000 tons) ever launched. Bustling Nagasaki, reports TIME Correspondent Don Connery, views atom-haunted Hiroshima with wry condescension and a touch of envy. Dr. Soichiro Yokota, director of the city's Atomic Bomb Hospital, sniffs that Hiroshima "is better at propaganda than we are," adding with a smile: "It's also true that Nagasaki is like the man who flew the Atlantic...
...different stripe than their prewar predecessors. Single families, or single firms no longer control the great combines. The zaibatsu depend for leadership on the financiers of their powerful banks, have set up central liaison councils with euphemistic names designed to attract as little attention as possible. Mitsubishi's "Friday Club," presided over by blunt, crop-haired Mitsubishi Trading President Katsujiro Takagaki, 66, is simply a bimonthly meeting, of 22 Mitsubishi company presidents, who continue the cementing process by arranging loans and raising funds for brother companies...