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“Taisei, which is rated A by Japan Credit Rating, sold 10 billion yen in 1.58 percent seven-year bonds on Dec. 9 at a premium of 59 basis points over the swap rate.”
“Even Japanese construction companies such as Kajima Corp., Shimizu Corp., and Taisei Corp., which saw their shares jump on Monday on hope they would profit from rebuilding efforts, were hit by the broad selloff in Tokyo on Tuesday, where the benchmark Nikkei Stock Average tumbled 11%.”
“Shimizu fell 6.7%, Taisei surrendered 4.4% and Kajima lost 3.9%.”
“And no matter how restrictive life seemed to be as a Taisei trainee, the Chinese runaway almost certainly passed into a world of work where abuse and hardship are rampant and unchecked.”
“One seventy-year-old factory worker, also named Takahashi, began at Taisei twenty years ago after he retired from a job as a door-to-door deliveryman for a rice company.”
“After its older workers officially retire, Taisei offers them a chance to work at the company at a reduced wage.”
“Mr. Takahashi says Taisei had to learn how to balance the usefulness of younger and older workers.”
“The Chinese workers come to Taisei on the three-year trainee program.”
“The automakers Taisei supplies have been devoting billions to plants in emerging markets to combat their swooning businesses at home.”
“With him at the lead, the family business, Taisei Industries, thrived over time as the Japanese auto industry grew.”
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