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...under and Japan offers no support for the unemployed," frets Minoru Morita, a prominent political analyst. Already, LDP politicians and Tokyo bankers are circulating a list of 51 companies presumed likely to meet with peril under the plan?including retailer Mitsukoshi, video gamemaker Sega and trading outfit Nissho Iwai, plus a slew of construction, heavy machinery and real estate companies. Goldman Sachs estimates that if all 51 companies on the list were to close, Japan's unemployment rate would jump from 5.4% to 6.1%. And that tally doesn't include thousands of small and medium-sized businesses also likely...

Author: /time Magazine | Title: Last Stand | 10/28/2002 | See Source »

...natural-gas exploration project off the southern coast of Trinidad. Lacking the postcard beaches that draw tourists to neighboring islands, Trinidad depends mostly on oil and industry. The Trintomar venture stumbled over a series of drilling mishaps and in 1992 was in danger of defaulting on a loan to Nissho Iwai, a Japanese company that had financed the project. Three big international lenders submitted proposals to refinance the $61.5 million balance owed to Nissho Iwai. The plans were similar, but with its long history in Trinidad, Citibank emerged as the front runner...

Author: /time Magazine | Title: Predators in Paradise? | 10/7/2002 | See Source »

...crisis is the latest in a recent series of setbacks to U.S.-Japanese relations. In April the U.S. nuclear submarine George Washington collided with and sank the Japanese freighter Nissho Mam, killing two Japanese crewmen-and then left the scene. In May, during joint U.S.Japanese naval exercises, U.S. vessels were blamed for cutting expensive salmon-fishing lines. Last week it appeared that Japanese ships or shadowing Soviet vessels might have been responsible, but the exercises had already been suspended. Finally, Suzuki's apparently successful visit to Washington in May turned into an embarrassment after a joint communique referred...

Author: /time Magazine | Title: Japan: Time to Confess | 6/8/1981 | See Source »

...Firing up Sasebo's workers with daily pep talks, he diversified the company into diesel engines, bridges and steel tanks. He capitalized aggressively on the demand for supertankers created by the 1956 Suez crisis. Last July, Sasebo launched the world's biggest tanker, the 131,000-ton Nissho Mam, and last month it got an order for two 95,000-ton tankers from Socony Mobil. Sasebo, which earned $1,030,000 on sales of $30 million in 1961, is now Japan's leading builder of ships for export...

Author: /time Magazine | Title: World Business: Personal File: Jan. 4, 1963 | 1/4/1963 | See Source »

...pipeline" to import oil from the Middle East. His blushing daughter Junko will swing the champagne bottle, but since the huge ship is too bulky to slide down the ways, water will be let into its massive drydock until it is afloat. The new tanker's name is Nissho Maru, which means "Rising Sun," and at the launching there will be banzais all around...

Author: /time Magazine | Title: Asia: Again the Rising Sun | 7/13/1962 | See Source »

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