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Zaibatsu
is a Japanese term referring to industrial and financial vertically integrated business conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Japanese economy from the Meiji period until the end of World War II. A ''zaibatsu'' general structure included a family-owned holding company on top, and a bank which financed the other, mostly industrial subsidiaries within them. Although the ''zaibatsu'' played an important role in the Japanese economy from the 1860s to 1945, they increased in number and importance following the Russo-Japanese War of 1904–1905, World War I and Japan's subsequent attempt to conquer East Asia during the inter-war period and World War II. After World War II they were dissolved by the Allied occupation forces and succeeded by the '' keiretsu'' (groups of banks, manufacturers, suppliers, and distributors). Equivalents to the ''zaibatsu'' can still be found in other countries, such as the '' chaeb ...
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Keiretsu
A is a set of companies with interlocking business relationships and shareholdings. In the legal sense, it is a type of informal business group that are loosely organized alliances within the social world of Japan's business community. The ''keiretsu'' system dominated the Japanese economy for the second half of the 20th century, following the dissolution of the '' zaibatsu'' after World War II, and, to a lesser extent, continues to do so in the early 21st century. The members' companies own small portions of the shares in each other's companies, centered on a core bank; this system helps insulate each company from stock market fluctuations and takeover attempts, thus enabling long-term planning in projects. It is a key element of the manufacturing industry in Japan. History The prototypical ''keiretsu'' appeared during the Japanese economic miracle which followed World War II, amid the dissolution of family-controlled vertical monopolies called '' zaibatsu''. The ''zai ...
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Mitsui
is one of the largest ''keiretsu'' in Japan and one of the largest corporate groups in the world. The major companies of the group include Mitsui & Co. ( general trading company), Sumitomo Mitsui Banking Corporation, Nippon Paper Industries, Pokka Sapporo Holdings, Toray Industries, Mitsui Chemicals, Isetan Mitsukoshi Holdings, Sumitomo Mitsui Trust Holdings, Mitsui Engineering & Shipbuilding, Mitsui O.S.K. Lines and Mitsui Fudosan. History Edo period origins Founded by Mitsui Takatoshi (1622–1694), who was the fourth son of a shopkeeperRíkarðsson, Árni (2020). ''Origins of the Zaibatsu conglomerates''. Bachelor’s thesis. Supervisor: Kristín Ingvarsdóttir. Reykjavik, University of Iceland, p. 15. in Matsusaka, in what is now today's Mie prefecture. From his shop, called Echigoya (越後屋), Mitsui Takatoshi's father originally sold miso and ran a pawn shop business. Later, the family would open a second shop in Edo (now called Tokyo). Takatoshi moved to ...
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Empire Of Japan
The also known as the Japanese Empire or Imperial Japan, was a historical nation-state and great power that existed from the Meiji Restoration in 1868 until the enactment of the post-World War II 1947 constitution and subsequent formation of modern Japan. It encompassed the Japanese archipelago and several colonies, protectorates, mandates, and other territories. Under the slogans of and following the Boshin War and restoration of power to the Emperor from the Shogun, Japan underwent a period of industrialization and militarization, the Meiji Restoration, which is often regarded as the fastest modernisation of any country to date. All of these aspects contributed to Japan's emergence as a great power and the establishment of a colonial empire following the First Sino-Japanese War, the Boxer Rebellion, the Russo-Japanese War, and World War I. Economic and political turmoil in the 1920s, including the Great Depression, led to the rise of militarism, natio ...
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Chaebol
A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exceeds legal authority. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebols have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai has made efforts in the thawing of North Korean relations, despite some controversy. Many South Korean family-run chaebols have been criticized for low dividend payouts and other governance practices that favor controlling shareh ...
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Japanese Economy
The economy of Japan is a highly developed social market economy, often referred to as an East Asian model. It is the third-largest in the world by nominal GDP and the fourth-largest by purchasing power parity (PPP). It is the world's second-largest developed economy. Japan is a member of both the G7 and G20. According to the World Bank, the country's per capita GDP (PPP) was at $40,193 (2020). Due to a volatile currency exchange rate, Japan's GDP as measured in dollars fluctuates sharply. Accounting for these fluctuations through the use of the Atlas method, Japan is estimated to have a GDP per capita around $39,048. The Japanese economy is forecast by the Quarterly Tankan survey of business sentiment conducted by the Bank of Japan. The Nikkei 225 presents the monthly report of top blue chip equities on the Japan Exchange Group, which is the world's fifth-largest stock exchange by market capitalisation. In 2018, Japan was the world's fourth-largest importer and the ...
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Occupation Of Japan
Japan was occupied and administered by the victorious Allies of World War II from the 1945 surrender of the Empire of Japan at the end of the war until the Treaty of San Francisco took effect in 1952. The occupation, led by the United States with support from the British Commonwealth and under the supervision of the Far Eastern Commission, involved a total of nearly 1 million Allied soldiers. The occupation was overseen by American General Douglas MacArthur, who was appointed Supreme Commander for the Allied Powers by US President Harry Truman; MacArthur was succeeded as supreme commander by General Matthew Ridgway in 1951. Unlike in the occupation of Germany, the Soviet Union had little to no influence over the occupation of Japan, declining to participate because it did not want to place Soviet troops under MacArthur's direct command. This foreign presence marks the only time in Japan's history that it has been occupied by a foreign power. However, unlike in Germany t ...
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Meiji Period
The is an era of Japanese history that extended from October 23, 1868 to July 30, 1912. The Meiji era was the first half of the Empire of Japan, when the Japanese people moved from being an isolated feudal society at risk of colonization by Western powers to the new paradigm of a modern, industrialized nation state and emergent great power, influenced by Western scientific, technological, philosophical, political, legal, and aesthetic ideas. As a result of such wholesale adoption of radically different ideas, the changes to Japan were profound, and affected its social structure, internal politics, economy, military, and foreign relations. The period corresponded to the reign of Emperor Meiji. It was preceded by the Keiō era and was succeeded by the Taishō era, upon the accession of Emperor Taishō. The rapid modernization during the Meiji era was not without its opponents, as the rapid changes to society caused many disaffected traditionalists from the former samu ...
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League Of Blood Incident
was a 1932 assassination plot in Japan in which extremists targeted wealthy businessmen and liberal politicians. The group chose twenty victims but succeeded in killing only two: former Finance Minister and head of the Rikken Minseitō political party, Junnosuke Inoue, and the Director-General of Mitsui Holding Company, Dan Takuma. The arrest of the assassins led to the discovery of the existence of a civilian ultranationalist group led by self-styled Buddhist preacher, Nisshō Inoue. Background Born as Inoue Shirō in 1886 in Gunma Prefecture, Nisshō spent his young adult life as a drifter and adventurer, eventually ending up in north and northeast China gathering information for the Japanese military. After a series of mystical experiences in 1923–24, Inoue became convinced that Japan required spiritual rebirth and that he was called to be its savior. He established a school in Ibaraki Prefecture to promote agrarianism and social reform, which gradually evolved into a tr ...
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Rikken Seiyūkai
The was one of the main political parties in the pre-war Empire of Japan. It was also known simply as the ''Seiyūkai''. Founded on September 15, 1900, by Itō Hirobumi,David S. Spencer, "Some Thoughts on the Political Development of the Japanese People", ''The Journal of International Relations'' (January 1920) p325 the ''Seiyūkai'' was a pro-government alliance of bureaucrats and former members of the '' Kenseitō.'' The ''Seiyūkai'' was the most powerful political party in the Lower House of the Diet of Japan from 1900 to 1921, and it promoted big government and large-scale public spending. Though labeled " liberal" by its own members, it was generally conservative by modern definitions. It often opposed social reforms and it supported bureaucratic control and militarism for the purpose of winning votes. It viewed the ''Rikken Minseitō'' as its main rival. The ''Seiyūkai'' came into power in October 1900 under the 4th Itō administration. Under its second leader, Saio ...
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Rikken Minseitō
was one of the main political parties in pre-war Empire of Japan. It was commonly known as the ''Minseitō''. History The ''Minseitō'' was founded on 1 June 1927, by a merger of the ''Kenseikai'' and the ''Seiyu Hontō'' political parties. Its leadership included Osachi Hamaguchi, Wakatsuki Reijirō, Yamamoto Tatsuo, Takejirō Tokonami, Adachi Kenzō, Koizumi Matajirō and Saitō Takao. The party platform was politically and economically more liberal than its major rival, the '' Rikken Seiyūkai,'' calling for rule by the Diet of Japan rather than bureaucrats or '' genrō,'' elimination of disparities in wealth, international cooperation, and protection of personal liberties. The ''Minseitō'' fielded many candidates in the February 1928 General Election, (the first to be held after the General Election Law), winning 217 seats in the Lower House, as opposed to 218 seats for the ''Seiyūkai''. This resulted in a hung parliament. In the following 1930 General Electio ...
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Mitsubishi
The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 to 1946. The company was disbanded during the occupation of Japan following World War II. The former constituents of the company continue to share the Mitsubishi brand and trademark. Although the group of companies participate in limited business cooperation, most famously through monthly "Friday Conference" executive meetings, they are formally independent and are not under common control. The four main companies in the group are MUFG Bank (the largest bank in Japan), Mitsubishi Corporation (a general trading company), Mitsubishi Electric and Mitsubishi Heavy Industries (both diversified manufacturing companies). History The Mitsubishi company was established as a shipping firm by Iwasaki Yatarō (1834–1885) in 1870 under the na ...
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Imperial Japanese Army
The was the official ground-based armed force of the Empire of Japan from 1868 to 1945. It was controlled by the Imperial Japanese Army General Staff Office and the Ministry of the Army, both of which were nominally subordinate to the Emperor of Japan as supreme commander of the army and the Imperial Japanese Navy. Later an Inspectorate General of Aviation became the third agency with oversight of the army. During wartime or national emergencies, the nominal command functions of the emperor would be centralized in an Imperial General Headquarters (IGHQ), an ad hoc body consisting of the chief and vice chief of the Army General Staff, the Minister of the Army, the chief and vice chief of the Naval General Staff, the Inspector General of Aviation, and the Inspector General of Military Training. History Origins (1868–1871) In the mid-19th century, Japan had no unified national army and the country was made up of feudal domains (''han'') with the Tokugawa shogunate (''b ...
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