Word: sasebo
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Dates: during 1960-1969
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...Eyebrows rose all across Japan six years ago when Yonejiro Mori resigned as managing director of giant Mitsubishi Shipbuilding to take command of Sasebo Heavy Industries Co., a smaller shipyard that seemed to be limping toward bankruptcy. But to Mori, who at 63 still retains the spirit he developed as a college oarsman, Sasebo represented an irresistible "sporting challenge." 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...