Zaibatsu

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Zaibatsu

Large family-owned conglomerates that controlled much of the economy of Japan prior to World War II.

Zaibatsu

A group of companies owned by the same family that more or less controlled the Japanese economy in the late 19th and early 20th centuries, especially between the two World Wars. Each zaibatsu consisted of a holding company, which entirely owned a bank that financed the zaibatsu's operations. These operations were carried out by subsidiary companies in different industries. For example, a zaibatsu might own a chemical company, a mining company, and a military supply company, which may, in turn, have owned their own subsidiaries for more specialized work. One zaibatsu still in existence (albeit in a much different form) is the Mitsubishi corporation. See also: Keiretsu.
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Details of the tie-up, through which Toyota is expected to be represented on Mitsui High-tec's board, have yet to be worked out, the source said.
Exxon is following Mitsui's recipe slavishly at first, and will seek to modify it later on.
Five decades on, the project operates under the name Dawson and Mitsui is still involved, priding itself on being a loyal founding partner and a patient long-term investor.
The SESC intends to recommend that the Financial Services Agency fine the former Chuo Mitsui Asset Trust for alleged insider trading by its fund manager over a new share issue by Mizuho Financial Group Inc.
In the three months to June 30, Sumitomo Mitsui saw profit decline 21% to JPY261.44 billion, about USD2.41 billion, from JPY331.89 billion, about USD3.06 billion, the year before.
Mitsui Fudosan's A3 rating reflects the company's solid cash flow generation from its property and business portfolio, underpinned by its strong market position in a wide range of real estate businesses.
After meeting the necessary conditions precedent, including the approval by competent authorities, Mitsui will acquire 49% of Gaspetro shares through Mitsui Gas e Energia do Brasil Ltda for a purchase price of approximately BRL 1.9bn (USD 490m).
Also, the consortium will complete purchase of existing facility from the state-owned by May 2015, said a Mitsui statement.
Mitsui Fudosan America owns the 54-story Rockefeller Center tower where rents range for midrise floors from $80 a square foot.
The Project will involve the integrated rebuilding and development of the Mitsui & Co.
But the recent stock market surge has boosted Sumitomo Mitsui Trust's stock price enough to allow the firm to implement the repayment by buying all government-held shares for more than 200 billion yen, the sources said.
Tokyo, Jan 8, 2013 - (JCN) - Mitsui & Co., Ltd.

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