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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] |
Bank Run During The Showa Financial Crisis
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Japan
The economic history of Japan is most studied for the spectacular social and economic growth in the 1800s after the Meiji Restoration. It became the first non-Western great power, and expanded steadily until its defeat in the Second World War. When Japan recovered from devastation to become the world's second largest economy behind the United States, and from 2010 behind China as well. Scholars have evaluated the nation's unique economic position during the Cold War, with exports going to both U.S.- and Soviet-aligned powers, and have taken keen interest in the situation of the post-Cold War period of the Japanese "lost decades". Prehistoric and ancient Japan Yayoi period The Yayoi period is generally accepted to date from 300 BCE to 300 CE. However, radio-carbon evidence suggests a date up to 500 years earlier, between 1,000 and 800 BCE.Silberman et al., 154–155.Schirokauer et al., 133–143. During this period Japan transitioned to a settled agricultural society. As the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1927 In Japan
Events in the year 1927 in Japan. It corresponds to Shōwa 2 (昭和2年) in the Japanese calendar. Incumbents *Emperor: Hirohito *Prime Minister: **Wakatsuki Reijirō (until April 20) **Tanaka Giichi (From April 20) Governors *Aichi Prefecture: Saburo Shibata (until 17 May); Toyoji Obata (starting 17 May) *Akita Prefecture: Nakano Kunikazu (until 17 May); Yuichiro Chikaraishi (starting 17 May) *Aomori Prefecture: ** until 27 May: Koyanagi Mamoru ** 27 May-7 November: Jiro Morioka ** starting 7 November: Tetsuzo Yoshimura *Ehime Prefecture: Masayasu Kosaka (until 27 May); Yujiro Ozaki (starting 27 May) *Fukui Prefecture: Keizo Ichimura *Fukuoka Prefecture: Saito Morikuni (starting month unknown) *Fukushima Prefecture: Hiroshi Kawabuchi (until 27 May); Ito Kihachiro (starting 27 May) *Gifu Prefecture: Shintaro Suzuki (until 27 May); Rokuichiro Ono (starting 27 May) *Gunma Prefecture: Kotsuke (until 27 May); Agata Shinobu (starting 27 May) *Hiroshima Prefecture: Kai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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, nationa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Holiday
A bank holiday is a national public holiday in the United Kingdom, Republic of Ireland and the Crown Dependencies. The term refers to all public holidays in the United Kingdom, be they set out in statute, declared by royal proclamation or held by convention under common law. The term "bank holiday" refers to the fact that banking institutions typically close for business on such holidays, as they once used to do on certain Saint's days. List of current holidays Notes See also * List of holidays by country * Bank Holidays Act 1871 * Proposed St David's Day bank holiday Saint David's Day is currently not a bank holiday in Wales. Some Welsh politicians have proposed that St David's Day, a celebration of Welsh identity, observed on 1 March, be designated as a public holiday. Polls show the proposal to have majori ... References External links UK bank holidaysScotland Bank Holidays - Scottish Government* {{DEFAULTSORT:Bank Holiday British culture Irish cul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanaka Giichi
Baron was a general in the Imperial Japanese Army, politician, cabinet minister, and the Prime Minister of Japan from 1927 to 1929. Early life and military career Tanaka was born as the third son of a low-ranking ''samurai'' family in the service of Chōshū Domain in Hagi, Nagato Province (modern day Yamaguchi Prefecture), Japan. At the age of 13, he participated in the Hagi Rebellion. He had an interest in politics from an early age, serving on a village council and as an elementary school teacher. He only joined the Imperial Japanese Army at the age of 20. He graduated from the former 8th class of Imperial Japanese Army Academy and the 8th class of the Army War College in 1892, and served as a junior officer during the First Sino-Japanese War. After the end of the war, he was sent as a military attaché to Moscow and Petrograd, and was in Russia at the same time as Takeo Hirose of the Imperial Japanese Navy, with whom he became close friends. Tanaka was fluent in the Rus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privy Council (Japan)
The was an advisory council to the Emperor of Japan that operated from 1888 to 1947. It was largely used to limit the power of the Imperial Diet. Functions Modeled in part upon the Privy Council of the United Kingdom, this body advised the Japanese Empire on matters including, but not limited to: * Proposed amendments to the Constitution of the Empire of Japan * Proposed amendments to the 1889 Imperial Household Law * Matters of constitutional interpretation, proposed laws, and ordinances * Proclamations of martial law or declaration of war * Treaties and other international agreements * Matters concerning the succession to the throne * Declarations of a regency under the Imperial Household Law; * Matters submitted by the Emperor directly The Privy Council had both judicial functions and certain executive functions. However, the council had no power to initiate legislation. Establishment To oversee new governmental developments, in 1871, three councils were created - the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suzuki Shoten
is a Japan, Japanese multinational corporation headquartered in Minami-ku, Hamamatsu, Japan. Suzuki manufactures automobiles, motorcycles, All-terrain vehicle, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs and a variety of other small internal combustion engines. In 2016, Suzuki was the Automotive industry#By manufacturer, eleventh biggest automaker by production worldwide. Suzuki has over 45,000 employees and has 35 production facilities in 23 countries, and 133 distributors in 192 countries. The worldwide sales volume of automobiles is the world's tenth largest, while domestic sales volume is the third largest in the country. Suzuki's domestic motorcycle sales volume is the third largest in Japan. History In 1909, Michio Suzuki (inventor), Michio Suzuki (1887–1982) founded the Suzuki Loom Works in the small seacoast village of Hamamatsu, Japan. Business boomed as Suzuki built loom, weaving looms for Japan's giant silk industry. In 1929 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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