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Tokyo Watanabe Bank
, originally named the , was a commercial bank based in Tokyo, Japan. It was founded in 1877 and managed by Watanabe Jiemon IX, who ranked as the fifth wealthiest landlord in Tokyo City during the first decade of the 20th century. Upon his death in 1909, his son Genjiro took over presidency and renamed himself Watanabe Jiemon X. Bankruptcy During World War I, the Watanabe family made investment in unsound ventures by making the bank put out more than 26 million yen to them. After the war and the Great Kantō earthquake, they began to have trouble repaying the debts, most of which were unsecured. The president borrowed cash from usurers and diverted the working capital of its subsidiaries through fraud and misappropriation to avoid bankruptcy. The bank became nearly insolvent as its shoestring operation came to light in business magazines in February 1927. Its senior managing director was sent to the Ministry of Finance to ask for a government-financed bailout on 14 March 1927. H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tokyo
Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.468 million residents ; the city proper has a population of 13.99 million people. Located at the head of Tokyo Bay, the prefecture forms part of the Kantō region on the central coast of Honshu, Japan's largest island. Tokyo serves as Japan's economic center and is the seat of both the Japanese government and the Emperor of Japan. Originally a fishing village named Edo, the city became politically prominent in 1603, when it became the seat of the Tokugawa shogunate. By the mid-18th century, Edo was one of the most populous cities in the world with a population of over one million people. Following the Meiji Restoration of 1868, the imperial capital in Kyoto was moved to Edo, which was renamed "Tokyo" (). Tokyo was devastate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tokyo City
was a Cities of Japan, municipality in Japan and part of Tokyo Prefecture (1868–1943), Tokyo-fu which existed from 1 May 1889 until its merger with its prefecture on 1 July 1943. The historical boundaries of Tokyo City are now occupied by the Special wards of Tokyo, Special Wards of Tokyo. The new merged government became what is now Tokyo, also known as the ''Tokyo, Tokyo Metropolis'', or, ambiguously, ''Tokyo, Tokyo Prefecture''. History In 1868, the medieval city of Edo, seat of the Tokugawa shogunate, Tokugawa government, was renamed Tokyo, and the offices of Tokyo Prefecture (''-fu'') were opened. The extent of Tokyo Prefecture was initially limited to the former Edo city, but rapidly augmented to be comparable with the present Tokyo Metropolis. In 1878, the Meiji government's reorganization of local governments subdivided prefectures into Counties of Japan, counties or districts (''gun'', further subdivided into Towns of Japan, towns and Villages of Japan, village ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1923 Great Kantō Earthquake
The struck the Kantō Plain on the main Japanese island of Honshū at 11:58:44 JST (02:58:44 UTC) on Saturday, September 1, 1923. Varied accounts indicate the duration of the earthquake was between four and ten minutes. Extensive firestorms and even a fire whirl added to the death toll. Civil unrest after the disaster (i.e., the Kantō Massacre) has been documented. The earthquake had a magnitude of 7.9 on the moment magnitude scale (), with its focus deep beneath Izu Ōshima Island in Sagami Bay. The cause was a rupture of part of the convergent boundary where the Philippine Sea Plate is subducting beneath the Okhotsk Plate along the line of the Sagami Trough. Since 1960, September 1 has been designated by the Japanese government as , or a day in remembrance of and to prepare for major natural disasters including tsunami and typhoons. Drills, as well as knowledge promotion events, are centered around that date as well as awards ceremonies for people of merit. Earthquake T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Japan)
The is one of the cabinet-level ministries of the Japanese government. The ministry was named the until 2001. The Ministry is headed by the , who is a member of the Cabinet and is typically chosen from members of the Diet by the Prime Minister. Overview The Ministry originated in the 6th century, when the was established as a state treasury in ancient Japan. When a modern system of government was introduced after the Meiji Restoration, the was established as a government body in charge of public finance and monetary affairs. It is said that new ministry employees are subtly reminded that the Ōkura-shō predates by some 1269 years when the new Constitution was imposed on the nation by the U.S. occupation forces in 1947. The Ministry has long been regarded as the most powerful ministry in the Japanese government. After various financial scandals revealed in the 1990s, however, the Ministry lost its power over banking supervision to a newly established Financial Services Ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kataoka Naoharu
was a Japanese entrepreneur and politician during the prewar period. He served as Minister of Commerce and Industry (1924), Minister of Finance (1927), and a member of the House of Peers (1930-1934). Biography Kataoka was born on October 13, 1859 in Tosa Province (present-day Kōchi Prefecture). He served as an official in the police department of Shiga Prefecture. In 1880, he was transferred to Tokyo, where he caught the attention of Itō Hirobumi and was recruited into the Home Ministry. However, in 1889, Kataoka was recruited away from a career to accept the post of vice president of Nippon Life Insurance Company, and subsequently served as president of the company from 1903–1919. He was also president of the Miyako Hotels chain from 1915, and served as a member of the board for the Kyōdō Bank and Kansai Railways. Kataoka returned to political life as a member of the Lower House of the Diet of Japan in the 1892 General Election, and was subsequently re-elected eight ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Diet
The is the national legislature of Japan. It is composed of a lower house, called the House of Representatives (Japan), House of Representatives (, ''Shūgiin''), and an upper house, the House of Councillors (Japan), House of Councillors (, '' Sangiin''). Both houses are directly elected under a parallel voting, parallel voting system. In addition to passing laws, the Diet (assembly), Diet is formally responsible for nominating the Prime Minister of Japan, Prime Minister. The Diet was first established as the Imperial Diet in 1890 under the Meiji Constitution, and took its current form in 1947 upon the adoption of the Constitution of Japan, post-war constitution. Both houses meet in the in Nagatachō, Chiyoda, Tokyo, Chiyoda, Tokyo. Composition The houses of the National Diet are both elected under parallel voting systems. This means that the seats to be filled in any given election are divided into two groups, each elected by a different method; the main difference bet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent; they keep the cash or transfer it into other assets, such as government bonds, precious metals or gemstones. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shōwa Financial Crisis
The was a financial panic in 1927, during the first year of the reign of Emperor Hirohito of Japan, and was a foretaste of the Great Depression. It brought down the government of Prime Minister Wakatsuki Reijirō and led to the domination of the ''zaibatsu'' over the Japanese banking industry. The Shōwa Financial Crisis occurred after the post–World War I business boom in Japan. Many companies invested heavily in increased production capacity in what proved to be an economic bubble. The post-1920 economic slowdown and the Great Kantō earthquake of 1923 caused an economic depression, which led to the failures of many businesses. The government intervened through the Bank of Japan by issuing discounted "earthquake bonds" to overextended banks. In January 1927, when the government proposed to redeem the bonds, rumor spread that the banks holding these bonds would go bankrupt. In the ensuing bank run, 37 banks throughout Japan (including the Bank of Taiwan), and the second-ti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Japan
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
