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Toyotarō Yūki
, was a central banker in the Empire of Japan, serving as the 15th Governor of the Bank of Japan and twice as a cabinet minister. Biography Yūki was born in the onsen resort of Akayu in what is now part of Nan'yō, Yamagata Prefecture,Bank of Japan15th Governor/ref> where his father was a sake brewer. After graduating from Tokyo Imperial University with a degree in political science, he obtained a position at the Bank of Japan from January 1904. Yūki was promoted rapidly, serving as auditor in the bank's New York City branch, branch manager in Kyoto, Corporate Secretary, and branch manager in Osaka. In 1918, at the recommendation of Junnosuke Inoue, Yūki was appointed to the Board of Directors, while still maintaining his post as Osaka branch manager. However, following the assassination of Yasuda Zenjirō, Yūki left the Bank of Japan to join the Board of Directors for the Yasuda zaibatsu in November 1921, and was appointed Managing Director of Yasuda Bank the same ye ...
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Bank Of Japan
The is the central bank of Japan. Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It has its headquarters in Chūō, Tokyo. History Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration. Prior to the Restoration, Japan's feudal fiefs all issued their own money, ''hansatsu'', in an array of incompatible denominations, but the ''New Currency Act'' of Meiji 4 (1871) did away with these and established the yen as the new decimal currency, which had parity with the Mexican silver dollar. The former han (fiefs) became prefectures and their mints became private chartered banks which, however, initially retained the right to print money. For a time both the central government and these so-called "national" banks issued money. A period of unanticipated consequences was ended when the Bank of Japan was founded in Meiji 15 (10 October 1882), under the Bank of Japan Act 1882 (27 June 1882), after a ...
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Sake
Sake, also spelled saké ( ; also referred to as Japanese rice wine), is an alcoholic beverage of Japanese origin made by fermenting rice that has been polished to remove the bran. Despite the name ''Japanese rice wine'', sake, and indeed any East Asian rice wine (such as huangjiu and cheongju), is produced by a brewing process more akin to that of beer, where starch is converted into sugars which ferment into alcohol, whereas in wine, alcohol is produced by fermenting sugar that is naturally present in fruit, typically grapes. The brewing process for sake differs from the process for beer, where the conversion from starch to sugar and then from sugar to alcohol occurs in two distinct steps. Like other rice wines, when sake is brewed, these conversions occur simultaneously. The alcohol content differs between sake, wine, and beer; while most beer contains 3–9% ABV, wine generally contains 9–16% ABV, and undiluted sake contains 18–20% ABV (although this is o ...
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Diet Of Japan
The is the national legislature of Japan. It is composed of a lower house, called the House of Representatives (, ''Shūgiin''), and an upper house, the House of Councillors (, '' Sangiin''). Both houses are directly elected under a parallel voting system. In addition to passing laws, the Diet is formally responsible for nominating the 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 post-war constitution. Both houses meet in the in Nagatachō, 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 between the houses is in the sizes of the two groups and how they are elected. Voters are also asked to cast two votes: one for an individual candidate in a c ...
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House Of Peers (Japan)
The was the upper house of the Imperial Diet as mandated under the Constitution of the Empire of Japan (in effect from 11 February 1889 to 3 May 1947). Background In 1869, under the new Meiji government, a Japanese peerage was created by an Imperial decree merging the former court nobility ''(kuge)'' and former feudal lords ('' daimyos'') into a single new aristocratic class called the ''kazoku.'' A second imperial ordinance in 1884 grouped the ''kazoku'' into five ranks equivalent to the European aristocrats: prince (or duke), marquis, count, viscount, and baron. Although this grouping idea was taken from the European peerage, the Japanese titles were taken from Chinese and based on the ancient feudal system in China. Itō Hirobumi and the other Meiji leaders deliberately modeled the chamber on the British House of Lords, as a counterweight to the popularly elected House of Representatives (''Shūgiin''). Establishment In 1889, the House of Peers Ordinance es ...
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Industrial Bank Of Japan
The Industrial Bank of Japan, Limited (IBJ), based in Tokyo, Japan, was one of the largest banks in the world during the latter half of the 20th century. It combined with Dai-Ichi Kangyo Bank and Fuji Bank in 2002 to form Mizuho Financial Group. History IBJ was founded as a public-sector bank under the ''Industrial Bank of Japan Act'' of 1902. At that time, Japan was in the throes of its industrial revolution, and there was a strong demand for long-term investment capital. IBJ raised funds by issuing bank debentures. IBJ also acted as the trustee in corporate debenture issues - notably, the major Japanese railway company issue of 1906 in London, amount to the then-enormous sum of 1 million pounds sterling. These activities contributed to the building of the Japanese domestic securities market, and to the generating of a higher profile for Japanese borrowers in the international market. This early experience of a sophisticated mix of corporate and investment banking with ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagion began around September and led to the Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International trade fell by more than 50%, unemployment in the U.S. rose to 23% ...
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Fuji Bank
The was one of Japan's major banks during the post–World War II era. It combined with Dai-Ichi Kangyo Bank and the Industrial Bank of Japan in 2000 to form Mizuho Financial Group, and changed its name to Mizuho Corporate Bank in 2002 after transferring its retail banking operations to Mizuho Bank. History Foundation and development Fuji Bank traces its history as far back as the old Yasuda zaibatsu. Zenjiro Yasuda, a migrant from Toyama, opened a dry goods store in the Nihonbashi area of Edo in 1864, known as Yasuda-ya (lit. House of Yasuda). After the Meiji Restoration in 1869, the company underwrote bonds for the Japanese government, whose credit standing was low then, and financed many public works such as railroads, harbor constructions, and so forth. The company was incorporated in 1880 with a share capital of 10 million yen, and changed its name to Yasuda Bank. In the Taishō period, the Japanese banking community was thrown into financial difficulties b ...
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Yasuda Zenjirō
was a Japanese entrepreneur from Toyama, Etchu Province (present-day Toyama Prefecture) who founded the Yasuda zaibatsu (安田財閥). He donated the to the University of Tokyo. He was a maternal great-grandfather of Yoko Ono via his adoptive son, Yasuda Zenzaburō (安田善三郎). Early life Yasuda Zenjirō was the son of a poor samurai and a member of the Yasuda clan in Etchu Province.Morikawa, Hidemasa. (2001)''A History of Top Management in Japan: Managerial Enterprises and Family Enterprises,'' p. 61 Zenjirō moved to Edo at the age of 17 and began working in a money changing house. Career In 1863, he started providing tax-farming services to the Tokugawa Shogunate. After the Meiji Restoration, he provided the same services to the new Meiji government. Yasuda profited from the delay between the collection of taxes and their forwarding to the government. He greatly magnified his wealth by buying up depreciated Meiji paper money that the government subsequently exch ...
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Junnosuke Inoue
was a Japanese financier and statesman of the Taisho and Showa eras. He was the 9th and 11th Governor of the Bank of Japan (BOJ). Biography Inoue was born in Ōita Prefecture. A graduate of the Imperial University of Tokyo. In 1896, he entered the Bank of Japan. In 1897, Inoue was a BOJ trainee along with Hisaakira Hijikata. Both young men were sent by the bank to learn about British banking practices in London. From 1913-1919, Inoue was head of the Yokohama Specie Bank Inoue was Governor of the Bank of Japan from March 13, 1919 – September 2, 1923 and again from May 10, 1927 – June 1, 1928.BOJList of Governors and Minister of Finance in 1923-1924 and 1929-1931. He briefly presided the Institute of Pacific Relations between Ray Lyman Wilbur nomination as United States Secretary of the Interior and his own second nomination as Japan Minister of Finances. In 1932, Inoue was one of two prominent Japanese assassinated in the League of Blood Incident was a 1932 assassin ...
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Osaka
is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of 2.7 million in the 2020 census, it is also the largest component of the Keihanshin Metropolitan Area, which is the second-largest metropolitan area in Japan and the 10th largest urban area in the world with more than 19 million inhabitants. Osaka was traditionally considered Japan's economic hub. By the Kofun period (300–538) it had developed into an important regional port, and in the 7th and 8th centuries, it served briefly as the imperial capital. Osaka continued to flourish during the Edo period (1603–1867) and became known as a center of Japanese culture. Following the Meiji Restoration, Osaka greatly expanded in size and underwent rapid industrialization. In 1889, Osaka was officially established as a municipality. The const ...
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Kyoto
Kyoto (; Japanese: , ''Kyōto'' ), officially , is the capital city of Kyoto Prefecture in Japan. Located in the Kansai region on the island of Honshu, Kyoto forms a part of the Keihanshin metropolitan area along with Osaka and Kobe. , the city had a population of 1.46 million. The city is the cultural anchor of a substantially larger metropolitan area known as Greater Kyoto, a metropolitan statistical area (MSA) home to a census-estimated 3.8 million people. Kyoto is one of the oldest municipalities in Japan, having been chosen in 794 as the new seat of Japan's imperial court by Emperor Kanmu. The original city, named Heian-kyō, was arranged in accordance with traditional Chinese feng shui following the model of the ancient Chinese capital of Chang'an/ Luoyang. The emperors of Japan ruled from Kyoto in the following eleven centuries until 1869. It was the scene of several key events of the Muromachi period, Sengoku period, and the Boshin War, such as the Ōnin War, ...
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