Word: nagano
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Dates: during 1960-1969
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...question before the special meeting of the board of directors was as difficult as it was unique. Kokichi Obata, 57, managing director of Japan's Nagano radio and television network, wanted to take a leave of absence. And for what reason, director-san? Why, to be a movie star-to play the role of Admiral Nomura, Japan's prewar ambassador in Washington in Tora! Toraf, Tora!, Darryl Zanuck's multimillion-dollar spectacular about the attack on Pearl Harbor. The board members were dumfounded. Eventually, says Obata, they agreed because "they were convinced that if I could help...
...took the lead in advocating modernization is now the acknowledged leader of the Japanese steel industry: Shigeo Nagano, 64, Fuji's president. The son of a Buddhist priest and himself a Judo expert with a reputation for forcefulness, Nagano pressed for renovation and expansion of the industry despite official reluctance and occasional opposition from financial circles, who could not see so clearly as he the role steel would play in reconstruction. Following his lead, the industry inaugurated a $358 million, five-year capital expansion program in 1951. Japan's accelerated recovery, and the shipbuilding and railroad booms...
Need to Keep Up. Saturation is the word the world's steelmen use to describe the situation. "As civilization advances in any nation," says President Shigeo Nagano of Japan's Fugi Iron & Steel, "consumption of steel rises, but at a certain point it reaches the saturation point and levels off. Advanced industrialized nations currently have reached or are fast reaching that saturation point." International steelmakers figure the saturation point at about 1,100 Ibs. a year per person;* when a nation reaches that level of steel consumption, such substitutes as plastic and aluminum begin to cut severely into...
...Ikeda's government decided the reins could safely be loosened a little, lowered the official bank interest rate by 0.3% to 6.57%-back to where it was before the clampdown. Japanese businessmen were delighted, but they still managed to pull a poor mouth. Says Fuji Steel President Shigeo Nagano: "I would like to see the government now embark on a general relaxation of financial curbs, otherwise it is going to be a long, slow climb back to prosperity''-Japanese style, that...