Word: mitsui
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...zaibatsu, the huge and powerful prewar cartels that controlled practically all of Japanese industry, was the most ambitious antitrust action in history. The reemergence of the zaibatsu has been hardly less ambitious. With scarcely a murmur to mark it, the steady reconcentration of the three biggest zaibatsu -Mitsui, Mitsubishi and Sumitomo-has been going on quietly but steadily since 1952. The three now account for more than one-third of Japan's total industrial and commercial business-and they are not finished yet. Last week executives from three big prewar Mitsubishi heavy industry groups were at work on what...
Taking advantage of this feeling, the discreet monthly "presidents' clubs" that control the three zaibatsu giants have stepped up their efforts to coordinate more closely the activities of the old zaibatsu elements still on their own. They consider it wasteful, for one thing, that Mitsui alone still has four competing chemical companies within its loose empire. A 1947 antitrust law passed by the Japanese government at the insistence of the U.S. Occupation authorities (and softened by later amendments) seems to be no obstacle; after all, it has not stopped the zaibatsu. Still, there are other problems, such...
...feudalism with a bang that startled the world. Nikkei's own progress to distinction was by no means as swift. A creation of one of the zaibatsu, or business cartels, that dominated Japan's early industrialization period, Nikkei struggled for years against public apathy. Its proprietors, the Mitsui interests, finally tired of their experiment in 1901, sold the paper to its staff (it remains a staff-owned paper today). When Japan attacked Pearl Harbor in 1941, Nikkei's circulation was an unimpressive...
Flocking in Cadillacs to the convention hall, the candidates bargained furiously to put together a stop-Ikeda ticket. But Ikeda was backed by two banks, a shipbuilder, the Nomura Securities Co. and much of the old Mitsui industrial combine, as well as by Premier Kishi. One rival, Party Vice President Bamboku Ohno, wailed: "I have locked up in a safe Kishi's written promise to make me Japan's next Premier." .Maybe he did. But Kishi stuck with Ikeda. At the last minute. Foreign Minister Aiichiro Fujiyama tossed Ikeda a block of 49 votes that had cost...
Through their top control, the zaibatsu achieve remarkable cooperation. Mitsui Mining, which holds a major position in the Japanese mining industry, has 28 subsidiaries. They get their mining and transportation equipment from Mitsui firms, send their mined minerals to Mitsui manufacturers. Manufactured products are handled by Mitsui trading firms, stored in Mitsui warehouses, transported by Mitsui shipping. Mitsui's Taisho Marine & Fire Insurance covers any damage, and the whole operation is financed through the Mitsui Bank...