Word: mitsui
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Dates: during 1970-1979
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...Germany is the biggest buyer of Japan's goods in general (almost $1 billion worth last year), but Britain is likely to be the chief beneficiary of Japanese in vestment. Japanese find English the easiest European language to learn, and they savor the English way of life. Says Mitsui's Sadao Oba, one of the more than 4,000 Japanese businessmen living in greater London: "I like the quiet very much. I like the gentler pace of life." English employees in Japanese firms often return the compliment (see box previous page...
...grounds with 2,000 cherry trees. Japanese Developer Tsuguto Kitano has bought Manhattan's Murray Hotel, renamed it after himself, and will open for business next month. Kikkoman Shoya Co. opened a $9,000,000 soy sauce plant last week in Walworth, Wis. Japan's widely diversified Mitsui has revised its former policy of seeking export markets in the U.S. and is now shopping for new American properties...
CONFERENCE PARTICIPANTS: Yuzuru Abe, Nippon Steel Corp.; Tadashi Arita, The Fuji 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...
...trading houses are far too central to the Japanese economy to diminish in importance any time soon. Last year the ten largest trading houses-led by branches of the Mitsubishi and Mitsui industrial complexes-brought in 62% of the foreign goods purchased by Japan and sold half the nation's exports. Their total sales came to an astounding $76 billion, twice the size of the Japanese national budget. The companies earn their profits on massive turnover despite sliver-thin margins (1.8% last year...
...They hunt up bank loans when needed. A small army of trading-house representatives roams the world sending back a steady stream of information on foreign politics, weather, and anything else that might affect an export decision. The trading houses also organize huge consortiums to tap natural resources anywhere. Mitsui, for instance, is a major partner in a group that is developing copper deposits in the African nation of Zaire...