Word: nagano
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Dates: during 1970-1979
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...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 Neo, Sumitomo Shoji Kaisha, Ltd.; Saburo Oyama, Nippon Electric Co., Ltd.; Kazuo Saitoh, Sharp Corp.; Keizo Saji, Suntory Ltd.; Yutaka Sugi, Nippon Kogaku K.K.; Tomejiro Tanaka, Marubeni Corp.; Kazuo Ueda, Minolta Camera, Ltd.; Hiroko Yokoyama, Simul International, Inc.; Noboru Yoshii, Sony Corp...
...American-imposed constitution to buy modern weaponry, Japan has been able to concentrate investment on automated industry. The destruction of its factories by wartime bombing left it free to rebuild with the latest technology. To do that quickly, the new industrialists bought patents and licenses from everywhere. Says Shigeo Nagano, chairman of Nippon Steel, which today produces more tonnage than any other company in the world: "So long as we had to start from nothing, we wanted the most modern plant. We selected the cream of the world's technology. We learned from America, Germany. Austria and the Soviet Union...
Faced with a severe postwar capital famine, all industry had to borrow heavily from government-regulated banks. Even today, Japanese companies generally get more than 80% of their financing from loans and less than 20% from sale of stock?about the opposite of the ratio in the U.S. Nagano estimates that Nippon Steel's debt is equal to what four or five American steel companies would owe. To a Western executive that might seem to leave the economy extremely vulnerable to a Penn Central-type collapse. Japanese find that being in hock has its advantages: corporate Pooh-Bahs...
...openings for each high school graduate; this spring there are 7.7. Japan has also bought export growth largely at the price of skimping on internal investment in housing, roads and pollution control. The country's industrial pollution is perhaps the world's worst. Says Nippon Steel's Nagano: "We need more roads, harbors, bridges, housing. People are living two families to a six-mat (9 ft. by 12 ft.) room...
...human body has functions to discharge foreign wastes," declared Masuo Araki, chairman of the National Public Safety Commission, in a recent speech that startled his audience. "We must have the spirit to eat contaminated rice." But in Nagano City, the owner of a paint factory was so depressed over the cadmium scare that he committed suicide. "I would like to stop using cadmium," he said in a farewell note, "but I cannot. I am assuming full responsibility and choosing death." Some U.S. scientists now rank cadmium ahead of lead as a dangerous pollutant. It is a prime candidate...