Show 6E r Ogden Sunday April 27 1986 Business The Great Americatt Celebration banks on go Japanese Ventures helping US grab a foothold firms tfournai of Commerce SN FRANCISCO — When Baskin Robbins Ice Cream Co wanted to introduce its 31 flavors in Japan it was a Japanese bank that helped it unlock ihe secret of selling on the Ginza CWhcn the California ice cream maker later needed to finance expansion in the United States it turned to a subsidiary of the same Japanese bank Baskin Robbins’ experience reflects the growing role of Japanese banks in the West Coast's econo-jn- y The banks are financing both US and Japanese ventures on the West Coast and are helping US companies get a foothold in Japan Japanese banks which have nine subsidiaries in California have nearly doubled their share of the state's banking market in the past five years They have captured 78 percent of the market making them the largest group of foreign banks in the state Billie Jo Stratton Baskin Robbins vice president of finance explains part of the reason why She says the ice cream company’s US bank — Mitsubishi Bank of California — offered financing with low rates and flexible terms ‘This was a particularly difficult venture Mitsubishi was willing to pursue it to go along with us Other banks just weren’t interested in being that creative Unless you fit into their profile they were turned off’ — Billie Jo Stratton May 18 1986 RIDE INTO HISTORY WITH THOUSANDS For Dollars its your chance only Tventy-0n' into history in a of the restoration of the Statue of Liberty LIBERTY RIDE — Thousands and you can help! all over the country of Americans in towns will ride together on the biggest bike ride ever staged in one day! Picnic — Have a great lunch and rUL enjoy the to Rock Once established on the West Coast however Japanese firms look for local bankers says Mas vice president and corporate secretary cf Sumitomo Bank of California they are operating the firms need a full network of banking services that are only available from US banks They then turn for financing to those local bankers who have the best rates and service packages whether they are Japanese subsidiaries or US banks After it “This was a particularly difficult venture took a lot of research legal as well as marketing” Stratton says “But Mitsubishi was willing to pursue init to go along with us Other banks just weren’t terested in being that creative Unless you fit into their profile they were turned off” As trade across the Pacific continues to outpace trade over the Atlantic Japanese banks find enormous potential both on the West Coast and in the t where many US firms are opening of- Japanese bank subsidiaries in California are also finding more opportunities to help US and Japafirms set up operations in the Far East sometimes calling on their parent banks in the process nese California First Bank for instance is helping many firms locate abroad by providing both market information and financing says Seishichi Itoh bank president Last year California and its parent Bank of Tokyo helped Southern California Edison Co place a $100 million bond issue in Tokyo’s capital market fices The center of world business is steadily moving front the Atlantic to the Pacific Rim says Mitsubishi subsidiary of Mitsubishi Bank Ltd in Jap3n Ofill the Pacific Rim markets the bank says the West Coast is the most intriguing OF AMERICANS ACROSS THE COUNTRY And Join HUEY LEWIS and the NEWS DARYL HALL & JOILN OATES THE HOOTERS AND THE NEVILLE BROTHERS and Roll celebration festival in every city Rocks” Live Concert “America 'ZZL — featuring Huey Lewis and the News Daryl Hall & John Oates the Hooters and other “ I I : Liberty Ride Festival The Restoration ' Tf: commemorative — Net proceeds will help Kodak meet its pledge to restore the Statue of Liberty National Monument v Americas Family Album — Enter your — photo into the display at the Get yotir CALL monument ' 1 JEST tickets early limited seating — security : JUT available Bicycle vided at will be pro— “ each event r favorite family — rm S23 after May 1st S26 in New Orleans only top acts from the Super- dome in New Orleans via satellite to over 100 cities! Special 1986 a subsidiary of The Bank of California Mitsubishi says it can ask its parent to help find clients and to California for venture partners joint arrange foreign currency loans To increase their access to US markets Japanese bank subsidiaries have merged with or acquired several US banks and many US bank branches Mitsubishi points to the wealth and diversity of the West Coast’s economy its importance to other Pacific Rim countries as an exporter of agricultural products its technological leadership and its role in trade Mitsubishi Bank in Japan for instance bought the a California in 1984 and Golden State now plans to acquire Lloyds Bank California The Japanese banks in California typically think of themselves as American banks Bank of Bank During the past two years 43 percent of all Japanese projects started in the United States were begun' in California according to that state’s Commerce Department Many of these projects are said to be financed initially in Japan One West Coast banker speculates that 25 percent to 33 percent of the new Japanese investments in the West Coast are financed in Japan LIBERTY RIDE FESTIVAL For general information call Ticket information (801) Tickets on sale at Datatix "They really are going all out in California to operate just the way other banks are” says Kathleen Wedeking spokeswoman for the California Bankers Association or Commerce says Japan dumping computer chips WASHINGTON (AP) — The flooding the US market with Commerce Department in a rulchips to try to squeeze trade out American firms ing on a major The Commerce Department dispute said last week that Japan has been dumping computer ruling finds in favor of the Amermemory chips in this country at ican allegation that the Japanese costs in violaare illegally dumping the chips in tion of US trade laws the United States — selling them ’In announcing the decision the for below the cost of production Commerce Department also set The dumping tariffs that the the level for stiff tariffs which will Commerce Department proposed be imposed on the chips known include 2276 percent against as random NEC dynamic Corp 1187 percent against access memory components Hitachi Ltd 3534 percent The tariffs will not become against OKI Electric Industry Co nal for 45 days while the US InLtd 1343 percent against ternational Trade Commission Mitsubishi Electric Corp and determines whether imports of '2075 percent against the chips the chips are materially injuring made by all other Japanese manthe LJS computer industry ufacturers The ruling came on a comduties are The plaint filed by domestic manufacimposed to offset the price adturers who claimed the Japanese vantage of the Japanese chips in manufacturers were deliberatelv the American market n SPECIAL EVENTS CENTER UNIVERSITY OF UTAH usedbc pemissionofKleerulrxlustnesJnc Sponsorship of relationship between the spons ring organization and The statue of Our annual May Sale starts tomorrow - Island shop all stores 9 to 9 Have a moving experience without leaving home SERVICE AMERICA! ’Doing Business in the New Economy A Live Nationwide Video Teleconference Workshop Tuesday May 13 1986 Teleconference Call will be You II leam how to broadcast be will in questions exercises rruie via satellite interspersed nationwide with presentations and and service any organization oriented Sponsored by: Ogden Area Chamber Center and the Business Development of US Commerce Utah Small Business Small Admini Oration Weber Stale College Education School of Business and of Continuing Division nxnkait: St BeneJict’i lhxpaal Education Center BegtUrotton: Call Dtnsion of Continuing Education Fee: 1 until April IS SICS after Apnl IS B 9 am I pm d Dl’lbiON ccrjif WEBER C t SIAtE -: COllEGE r I h |