Word: mitsui
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...directed almost as much against Philippine President Ferdinand Marcos, a bitter political rival, as against the Japanese. Marcos sees Japan as a source of sorely needed investment capital, last year issued an administrative order that enabled the 17 Japanese businesses, which include such well-known trading firms as Mitsui & Co. and Sumitomo Shoji Kaisha Ltd., to operate in the Philippines. The Japanese obtained government licenses and moved in quietly; most of them discreetly left corporate name plates off their office doors, instead put up signs reading simply "Welcome, walk...
...Concessions. Japan, dependent on the U.S. to absorb 30% of its exports, last month sent eight top businessmen to Washington to plead against such backward steps. The delegation returned to Tokyo in gloom. "We are not optimistic at all," said the group's leader, Chairman Kiichiro Sato of Mitsui Bank. "Japanese business must start thinking seriously of countermeasures." As the Japanese see it, the repercussions of U.S. protectionism, both economically and politically, are unestimable...
...taxes and tax-evasion penalties, and his shares in three banks were confiscated by the Park administration. Now back in grace, Lee got $6,000,000 in government-backed loans to finance the fertilizer plant. The remainder of the money included a $43.9 million loan from Japan's Mitsui & Co. and a $1,000,000 investment by International Ore and Fertilizer Corp. of New York, which will market excess output abroad...
...Working Tool. The largest share of the parent company's business is done with the U.S. through a ten-month-old subsidiary called Mitsui & Co. (U.S.A.), Inc., which, with headquarters in Manhattan's Pan Am Building and branches in eight other cities, handled some $420 million in trade during its first six months alone. For years, a significant chunk of Mitsui's business has come from "off shore trading" deals involving the U.S. and countries other than Japan. In one case, Mitsui shipped U.S. machinery to Brazil, which in turn sent coffee to Sweden, which...
...return, 7,000,000 cu. ft. per year of Sakhalin gas will be shipped to Japan. In Sumatra, Japanese oilmen promised to invest $15 million to carry on offshore oilfield drilling; Indonesia will keep 39% of the oil produced, and the Japanese will get the rest. And the Mitsui Mining & Smelting Co. paid $8,000,000 for copper and zinc mines in Peru; next year the mines will begin shipping concentrated ores to Japan...