Word: mitsubishi
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Dates: during 1970-1979
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...policymaker at Japan's Ministry of International Trade and Industry, is that they have ample room to grow at home and do not "want to take the time and trouble involved in exports. They have got to make the effort." Echoes Yasuo Oki, a spokesman for Mitsubishi, Japan's largest trading house: "American businessmen come in here, throw up their hands at the differences in doing business in this country and go home muttering about the closed market...
...market completely, except for its 15% share in Peugeot, thus shedding 70% of its foreign production and about a fourth of its worldwide output. Additionally, in the past year the company has sold operations in Argentina and Turkey to local investors; it is dickering to have Japan's Mitsubishi take over at least part of Chrysler Australia and has been trying to induce Volkswagen to buy part of Chrysler Brazil. Chrysler may sell some other Latin American operations...
...sales volume of $1.3 billion, shied away from a meal of grits and complained that he was meeting the wrong people. Yamada wanted American sportswear modified to suit Japanese tastes and sizes but, he says, was told "that they would have to ask their supervisors in New York." A Mitsubishi buyer offered Jose Lopez of the Atlanta-based Salvatori Corp. $3 apiece for men's ties that normally sell for $4.25. The hagglers finally struck a deal...
...Beirut's banking street, Riad el Solh, all 73 prewar banks have resumed operation, including such multinational giants as Chase Manhattan, Barclays Ltd and Mitsubishi. The street corners outside are given over to smaller entrepreneurs with just as much Phoenician zest for commerce. They hawk everything from quarts of Johnnie Walker scotch to Barbie dolls; a good part of the merchandise comes from inventories assembled by looting. Says Citibank Manager John Bernson: "We're beginning to see unmistakable signs of that old Beiruti personality coming to the surface again...
...western county haunted by memories of famine and emigration. Its peasantry have always been so poor that after the mere mention of "Mayo" they intoned the prayer "God help us." Now that Asahi is there, a local poet, with an eye toward more potential investors, wants it changed to "Mitsubishi help...