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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 09, 1990
Page
9
In Tokyo's Ginza a 53.4 acre government owned rail yard sits unused for three years. Valued at 24 to 47 billion dollars, it lies amid bank and corporate headquarters and defies easy explanation under Japan land policies. The empty lot mirrors Manhattan's Rockefeller Center gap and highlights policy quirks driving Tokyo prices.
A Japan National Police Agency report shows one third of top firms bow to yakuza and sokaiya threats, with 41 percent of 3,000 major companies contacted by extortionists. Many paid from $1,000 to $8 million, deeming it standard business practice. The racket extends to public stockholder meetings, and a turf war pits Yamaguchi-gumi against Tokyo gangs, fueling violent incidents.
In Wisconsin and beyond, union leaders and company managers join forces on costs, quality, and suppliers, with Saturn cited as a model where decisions are shared. The shift hints at a broader, potentially uneasy partnership, tested by plant layoffs and a sour economy.
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