Word: takeshi
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Dates: during 1960-1969
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...sought to prove its own stability in an area of economic turmoil. Its funds - partly kept on demand in 44 world banks-- earned interest of $4.5 million in 1967 while a multitude of possible investments were being cautiously evaluated. "We are new boys in this business," says Bank President Takeshi Watanabe, 62, of Japan, "and we must be sure of what we are doing...
...TIME Essay, Feb. 3), which do not commit Japan to an aggressive foreign policy but will probably involve the country with its Asian neighbors. One organization in which Japan already has a stake is the Manila-based Asian Development Bank, whose first president is a former government finance adviser, Takeshi Watanabe, 60. With its $200 million funding toward the 32-nation bank's $1 billion capitalization, Japan matched the U.S. contribution. Said Sato: "A cornerstone is now being laid by all of us to establish a new era in Asia...
...Tokyo last Thursday, as the Asian Development Bank held its inaugural meeting. More than 500 delegates from 32 countries and nine international agen cies, including financial experts, ranking world bankers and top-level govern ment officials such as U.S. Treasury Secretary Henry Fowler, unanimously elected Japan's Takeshi Watanabe, 60, president for a five-year term. At the same time, they also agreed to admit Indonesia and Switzerland as the bank's 31st and 32nd members...
When he approached Bell & Howell one day in 1951 to suggest that the Chicago firm should serve as his U.S. distributor, President Takeshi Mitarai of Tokyo's Canon Camera Co., Inc. got a disappointing hearing. Bell & Howell President Charles H. Percy freely admitted that the 35-mm. Canon which Mitarai had brought with him was a fine piece of craftsmanship. But although Japanese products had already begun to earn a better reputation abroad. Bell & Howell wasn't interested. Explained Percy bluntly: "'Made in Japan' means cheap, shoddy goods here...
...Boost from the Troops. Slight, scholarly Takeshi Mitarai, 61, thinks Japan might have overcome its reputation for shoddy manufacturing long before it did. "The capability was always there in Japan," he says. "But it was channeled into things like Zero fighters and dreadnoughts." Canon got started in 1933 when Mitarai, then a practicing M.D., enlisted some technician friends to develop better optical equipment for hospitals. While they were about it, they turned out Japan's first 35-mm. camera, a near copy of the German Leica. Recalls Mitarai: "My associates had a really difficult time producing this prototype without...