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 ?
Yuji Tanahashi (Ministry of International Trade and Industry): Over the last few years there has been much discussion about the trade imbalance between Japan and the U.S.
To address the balance of trade problem, Japan's Ministry of International Trade and Industry has worked to increase the transparency of the Japanese industrial structure and to engage in discussions with the private business sector.
Hisamitsu Arai, vice minister for international affairs at the Ministry of International Trade and Industry (MITI), will bring letters from Fukaya to Saudi Foreign Minister Saud al-Faisal Abdul Aziz and Minister of Petroleum and Mineral Resources Ali Ibrahim al-Nuaimi, the trade minister said.
The primary contenders in the battle are the Ministry of Posts and Telecommunications and the Ministry of International Trade and Industry. They are at odds over policy that addresses what industries the government is to support and what the intended social benefits will be from Internet-based commerce, and they are trying to establish new organizations to make and implement IT policy.
Not to be outdone by the Posts and Telecommunications Ministry, the people at the Ministry of International Trade and Industry have their own advisory panel, the Industrial Structure Council, which has come up with its recommendations, in ''Tasks and Prospect of Economic and Industrial Policy in the 21st Century.''
renew its drilling rights, Katsusada Hirose, vice minister at the Ministry of International Trade and Industry, said Thursday.
trade officials will meet Thursday in Tokyo to discuss bilateral steel trade, a senior official of the Ministry of International Trade and Industry (MITI) said Wednesday.
Japan and the United States remained apart Thursday over bilateral steel trade at a vice-ministerial meeting held in Tokyo, an official of Japan's Ministry of International Trade and Industry said.
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