Ministry of International Trade and Industry

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Ministry of International Trade and Industry

A former cabinet-level department of the Japanese government. It was responsible for directing private investment and setting business policy. Because garnering favor with the ministry was key to success in business, it was considered one of the most powerful Japanese ministries. It was merged into the Ministry of Economy, Trade and Industry in 2001.
References in periodicals archive ?
Frequencies and means of participants' MITI scores, and CEQ scores were calculated for each of the two groups.
government "guide for the American businessman" for the proposition that MITI "offers positive inducements through its influence over access to the generous lending facilities of the public Japan Development Bank.
It was the work done in the companies' private labs with MITI funds" (p.
A separate MITI study group is taking a broad look at ways to promote Japan's biotechnology industry, considering medical and agricultural applications in addition to environmental.
The measure is in line with an agreement reached by MITI and ECICS in January 1999 under which the former offers reinsurance for trade and investment by Singapore firms, including those held by Japanese companies, in third countries.
MITI said August output gained ground in the general machinery, electrical machinery and transport machinery sectors, among others.
Under the agreement, four non-Japanese firms will receive about 23% of the $200 million MITI will disburse through 1996.
Net Distributable Cash will consist of the cash proceeds of the intended MITI sale plus the Company's portion of dividends received from Magticom prior to the sale and all headquarters cash on hand at sale closing less: (i) any taxes arising out of the sale of assets; (ii) payments of all allowed claims in the Wind-Up case; (iii) necessary reserves for the final liquidation of the Company and its subsidiaries; (iv) professional fees connected with the MITI sale and pursuit of the Wind-Up; and (v) Board-approved bonuses or similar payments to Company directors, management and employees which in an aggregate amount are presently estimated to equal approximately 5% of the MITI sale proceeds.
In a preliminary report on the nation's energy supply-demand conditions in the year ended March 31, MITI said the emissions showed the first upturn in three years and were up 8.
accusing it of falsifying product labels on solar cell panels to misrepresent their performance, sources close to MITI said Tuesday.
7 against the 1995 base of 100, MITI said in a preliminary report.
Kawaguchi entered MITI in 1965 after graduating from the University of Tokyo.