Japan Plans £300m Electronics Industry

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50 years ago this year, in EW's first year of publication, the September 14th 1960b issue of the paper carried this prophetic headline:

 

'Japan Plans £300m Electronics Industry'

 

Beneath the headline, in slightly smaller type ran a sub-headline:

 

'"Main market will be consumer goods and components," Toshiba Chief tells Electronics Weekly in exclusive interview'.

 

The story opens:

 

'Japan, which has been known in the past as the world's largest exporter of textiles and ships, now has plans to replace those industries exportwise with electronics goods output.'

 

'A Government Five year Plan (1959-64) programmes a £300 million industry - an 80% increase over the industry today.'

 

'"You can well imagine the major role which Toshiba will play", Fumio Iwashita, president of Toshiba Shibaura Electric Co told me.'

 

The story continues:

 

'Slim, tall, Mr Iwashita, who speaks uncertain English for all his ex-Imperial University education and his years as a Toshiba lamp and bulb salesman in Japan's trading backyard of South-East Asia 40 years ago, sees vast growth potential in an industry which, Japanwide, hired close to 160,000 employees and paid them £2.5 million monthly (a wage of some £17 a month) in 1959

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