• Short Summary

    Japan is one of the few highly industrialised countries that can expect to maintain its gross national product growth in the next financial year.

  • Description

    Japan is one of the few highly industrialised countries that can expect to maintain its gross national product growth in the next financial year.

    Yet the country suffers from steeply rising costs of raw materials and, most of all, the oil crisis, as well as internal labour unrest, inflation and unemployment.

    Japan's resilience lies in its unique trading system established by giant industrial combines -- companies like Mitsubishi and Mitsui.

    These companies, together with a third giant corporation, accounted for more than 60 percent of the country's total import-export trade last year.

    Mitsubishi had the largest share -- handling 10.1 percent of the country's exports and 14.4 percent of all imports.

    Mitsui, on the hand, was responsible for 11, 3 percent of Japan's overseas trade.

    Apart from direct trade which makes Japan what it is, these companies hold the largest percentage of Japanese overseas investment -- dealing through their affiliated banks with sums of money that most countries private businesses have to leave to their government to handle.

    to ensure top efficiency the two companies spared no efforts to develop their communications with hundreds of branches around the world.

    Mitsubishi alone, which spends 6.7 million dollars (about 3 million pounds sterling) a year on communications, transmits about 2.4 million words a day -- a figure said to be higher than Reuters World Services daily output.

  • Tags

  • Data

    Film ID:
    VLVAAISZC9SRPTIVOFF675L7SV508
    Media URN:
    VLVAAISZC9SRPTIVOFF675L7SV508
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    04/03/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:11:00
    Time in/Out:
    /
    Canister:
    N/A

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