Word: sumitomos
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...little over a year ago. Harvard's Jerome Alan Cohen, who was teaching at Doshisha University in Kyoto, suggested that Japan's largest trading house might spare that amount to endow a chair at Harvard Law School, and Mitsubishi agreed. Not to be outdone, the rival Sumitomo group gave $2,000,000 to Yale in June; four months later, Mitsui promised $1,000,000 to M.I.T. (from which a Mitsui founder graduated...
Reliable sources report that representatives of other universities (including Michigan and Stanford) have been visiting Japan in search of assistance. Shortly after Cohen secured $1 million from Mitsubishi industries for the Japanese law chair, Yale received $2 million from the Sumitomo conglomerate...
...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...
...banking laws prevent almost all American-owned banks from branching outside their home states, but foreign banks are under no such restriction. Japan's Sumitomo Bank and Britain's Barclays Bank each have opened a total of 45 branches in California, New York and Illinois. Barclays was nationalized in Egypt, the Sudan and Tasmania, and was given 48 hours to get out of Libya. Barclays executives do not get as great a return on their money in the U.S. as they did in Africa, but they expect to be around longer...
...system sit the large trading companies such as Mitsui, Mitsubishi and Sumitomo Shoji. They bring in most of Japan's imports, which are then funneled to the consumer-along with Japanese goods-through some 280,000 wholesalers, one for every five retailers in the nation. As the goods pass down through area, city, town, village and even neighborhood wholesalers, each adds a distribution fee to the price of the product. The practice raises prices on both Japanese and foreign products, but the effect is worse on foreign goods, since they start out at relatively high prices...