Oxford University is considering setting up a branch school in Japan in cooperation with Japanese trading house Mitsui & Co., sources familiar with the matter said Wednesday.
The specifics of the plan, such as the timing and how the new school's capital will be financed, have not yet been decided, the sources said.
In June 2004, the British university and the trading house agreed to jointly engage in some forms of new business related to high technology in such fields as biotechnology and information technology.
The two parties have since tried to realize the project, with a wholly owned subsidiary of the university holding talks with multiple Japanese companies on relevant technological research and development, they added.
In a written statement sent to Kyodo News in London, Oxford University said, "Oxford University enjoys a cooperative and collaborative relationship with Mitsui on a number of fronts, and that relationship is expanding. However, there are no plans to develop an Oxford University campus in Japan at this time."
http://asia.news.yahoo.com/060510/kyodo/d8hh1qvg2.html
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