Word: mitsui
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Kearns admits that "I did mention" the stock to Mitsui & Co., a U.S. affiliate of a Japanese trading house, but adds rather lamely that "the trust sold it, I didn't. They could have refused the sale." In any case, Mitsui did buy, at $5 a share, 100,000 shares of Siam Kraft Paper Co., a Thailand concern that Kearns founded. At the time (1972), Proxmire estimates, the stock was worth no more than $1.75. While Kearns was head of the Ex-Im Bank, which makes low-cost loans to foreign firms so that they can buy American exports...
...teaching at Doshisha University in Kyoto, suggested that Japan's largest trading house might spare that amount to endow a chair at Harvard Law School, and Mitsubishi agreed. Not to be outdone, the rival Sumitomo group gave $2,000,000 to Yale in June; four months later, Mitsui promised $1,000,000 to M.I.T. (from which a Mitsui founder graduated...
...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...