Word: nippon
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Dates: during 2000-2009
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When U.S. steelmakers raise the bogeyman of unfair foreign competition, one firm they have in mind is POSCO of South Korea, which last year passed Japan's Nippon Steel to become the world's top producer. Churning out 27.8 million tons of steel products, POSCO earned $620 million, with exports accounting for 25% of revenues. But does it owe its competitive edge to government handouts? Its ties to Seoul are certainly cozy, and its exports still face countervailing duties abroad, to offset subsidies it received years ago. But analysts say POSCO now operates independently and succeeds through smart management...
...billion Ripplewood, thanks largely to its taste for companies that evoke Japanese national pride. Ripplewood in 1999 became the first foreign firm to buy out a Japanese bank--Long-Term Credit Bank, the fifth largest. Last year it snapped up the largest share in--and effective control of--Nippon Columbia, the 92-year-old record label whose name is synonymous with enka (Japanese folk ballads). Then Ripplewood bought out Seagaia, a sprawling golf and beach resort on the southern island of Kyushu that plays host to Japan's best-known golf tournament. Ripplewood also purchased Niles Parts, an auto-parts...
...KEIJI TACHIKAWA spent over 35 years at stodgy Nippon Telegraph & Telephone before his career went wild and wireless. As CEO of NTT DOCOMO, NTT's previously obscure mobile-phone wing, he has overseen the success of i-mode, the mobile Internet service that set nearly 30 million pairs of Japanese thumbs tap-tap-tapping on hand-held keypads. Tachikawa, 62, has set up partnerships with Europeans and recently bought a 16% stake in AT&T Wireless. Both moves should serve DoCoMo well in its bid to promote "3g," the ultra-speedy, new-generation service that seeks to make cell phones...
...single empty seat. Arrivals from the 49 states to Hawaii are off 19%, not a bad drop these days. But the planes the rest of the family took from Japan were so sparsely occupied that the flight attendants showered passengers with extra bags of nuts. Japan Airlines and All-Nippon Airways expect to lose hundreds of millions of dollars in the last four months of 2001; U.S. airlines have slashed some Japan routes altogether...
...Sept. 8 Sources: mlb.com (Major League Baseball); inter.co.jp/Baseball (Nippon Professional Baseball...