・・・・・ we discussed whether we shouldn't also have a center dedicated to the study of economic and social topics - a sort of think tank, if you will. But for a long time we were too preoccupied with hard-core technological development to give this much serious consideration, so we tabled the idea. With the merger of Toyota Motor and Toyota Motor Sales in July 1982, however, we took another look at the future of the new Toyota Motor Corporation and came to conclusion that the need had arrived for a cultural research organization.
・・・・・ and we decided to name it the Institute for International Economic Studies (IIES), because by now Toyota's activities had become global.
- Decision－My carrer
- (Sep., 1985, Nihon Keizai Shimbun)