Word: mitsui
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...though, such houses as Mitsubishi, Mitsui and Marubeni have lost some of their heroic luster under a rain of charges that they have fueled Japanese inflation by engaging in widespread land and commodity speculation. A government study released this month accuses the six biggest trading houses of spending more than $2.5 billion in the past 18 months to buy up and hoard scarce supplies of land and such commodities as rice, wool, silk and soybeans. Prices of all these things have risen, and though the trading houses deny the charges, consumer tempers have gone up, too. Recently, carpenters who were...
...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...
...system sit the large trading companies such as Mitsui, Mitsubishi and Sumitomo Shoji. They bring in most of Japan's imports, which are then funneled to the consumer-along with Japanese goods-through some 280,000 wholesalers, one for every five retailers in the nation. As the goods pass down through area, city, town, village and even neighborhood wholesalers, each adds a distribution fee to the price of the product. The practice raises prices on both Japanese and foreign products, but the effect is worse on foreign goods, since they start out at relatively high prices...
...communities in the U.S. The first will probably be a 1,000-home, $30 million development near Williamsburg, Va. Several states have sent delegations to Tokyo seeking more investment. Governor Linwood Holton of Virginia visited recently and conferred with Kenichiro Komai, chairman of Hitachi, and Iwao Iwanaga, chairman of Mitsui Petrochemical, among others...