| Major Japanese trading houses are beefing up “nonresources” operations, such as food, to make up for falling profitability at mainstay operations caused by the plunge in crude oil prices, iron ore and other commodities.
“We will unite” to enhance nonresources operations, Mitsui & Co. President Tatsuo Yasunaga said at a general shareholders meeting Friday. Earlier this month, Mitsui said that it had established a joint venture in Tokyo with major Italian food retailer Eataly Distribuzione SRL and Japanese restaurant operator Kichiri & Co...............................................Full Article: Source
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