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Keiretsu
A is a set of companies with interlocking business relationships and shareholdings that dominated the Japanese economy in the second half of the 20th century. In the legal sense, it is a type of business group that is in a loosely organized alliance within Japan's business community. It rose up to replace the ''zaibatsu'' system that was dissolved in the occupation of Japan following the Second World War. Though their influence has shrunk since the late 20th century, they continue to be important forces in Japan's economy 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. Origins The prototypical ''keiretsu'' appeared during the Japanese economic miracle which followed World War II, amid the dissolution of family-controlled vertical monopolies called ''za ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitsui
is a Japanese corporate group and '' keiretsu'' that traces its roots to the ''zaibatsu'' groups that were dissolved after World War II. Unlike the ''zaibatsu'' of the pre-war period, there is no controlling company with regulatory power. Instead, the companies in the group hold shares in each other, but they are limited to exchanging information and coordinating plans through regular meetings. 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. Re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Japan
The economy of Japan is a Developed country, highly developed mixed economy, often referred to as an East Asian model. According to the International Monetary Fund, IMF forecast for 2025, it will be the fifth-largest economy in the world List of countries by GDP (nominal), by nominal GDP as well as List of countries by GDP (PPP), by purchasing power parity (PPP) by the end of the year. It constituted 3.7% of the world's economy on a nominal basis in 2024. According to the same forecast, the country's List of countries by GDP (PPP) per capita, per capita GDP (PPP) will be $54,678 (2025). Due to a volatile currency exchange rate, Japan's nominal GDP as measured in American dollars fluctuates sharply. A founding member of the G7 and an early member of the OECD, Japan was the first country in Asia to achieve developed country status. In 2018, Japan was the fourth-largest in the world both List of countries by imports, as an importer and List of countries by exports, as an exporter. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fuyo Group
is a Japanese ''keiretsu'' descended from the Yasuda zaibatsu, Asano zaibatsu and Okura zaibatsu. They were a major business grouping in Japan up to World War II. In 1948, Yasuda was dismantled, with its key financial arm Yasuda Bank becoming Fuji Bank. The modern Fuyo Group was first developed in the early 1960s around Marubeni and Fuji Bank, paralleling the development of the DKB Group and Sanwa Group. Fuji Bank orchestrated the merger of Marubeni with Takashimaya in 1955 in order to create a strong trading company partner for Fuji's customers. Group presidents began meeting regularly in 1964. Unlike the ''keiretsu'' that developed from the Mitsubishi, Mitsui and Sumitomo ''zaibatsu'' remnants, the Fuyo Group was intended to be open to other businesses as well as legacy ''zaibatsu'' businesses. Fuji Bank merged with Dai-Ichi Kangyo Bank and Industrial Bank of Japan in 2000 to form Mizuho Financial Group. Following the merger, the Fuyo Group became centered on Marubeni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japanese Economic Miracle
The Japanese economic miracle () refers to a period of economic growth in the post–World War II Japan. It generally refers to the period from 1955, around which time the per capita gross national income of the country recovered to pre-war levels, and to the onset of the 1973 oil crisis. Before the war, Japan had achieved industrialisation from the second half of the 19th century, but light industry and agriculture remained the backbone of the economy, and poverty was widespread among the working class and peasants. Heavy industry was primarily focused on the military, such as aviation, shipbuilding, and military vehicles, rather than the production of civilian goods. The Second World War resulted in the loss of all its colonial possessions, and both the mainland's industrial capabilities and population were heavily damaged. After the war, the government was deep in debt, while the people suffered privation of vital supplies, which inevitably caused hyperinflation. Under the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DKB Group
The or the Dai-Ichi Kangyo Group was the largest Japanese keiretsu in the late 1990s. The group emerged after World War II and coalesced around the Dai-Ichi Kangyo Bank. Two of DKB's largest clients, Kawasaki Heavy Industries and Furukawa Electric, led their own respective corporate groups with a cross-supply relationship between the two. The Kawasaki and Furukawa groups agreed to begin holding presidents' meetings in 1966. Itochu, which historically supplied Kawasaki with raw materials, became the main general trading company for the combined group. The group's presidents began regular meetings in 1971. Also in that year, the group's name developed from the merger of Dai-Ichi Bank and Nippon Kangyo Bank. In 1998, an announcement was made that the Dai-Ichi Kangyo Bank was to be merged with Fuji Bank and the Industrial Bank of Japan to form Mizuho Financial Group. The resulting group, which was established in September 2000, was the largest banking group in the world with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sumitomo Group
The is a Japanese corporate group and ''keiretsu'' that traces its roots to the ''zaibatsu'' groups that were dissolved after World War II. Unlike the ''zaibatsu'' of the pre-war period, there is no controlling company with regulatory power. Instead, the companies in the group hold shares in each other, but they are limited to exchanging information and coordinating plans through regular meetings. History The Sumitomo Group traces its roots to a bookshop in Kyoto founded circa 1615 by Masatomo Sumitomo, a former Buddhist monk. Even today, management of the group is guided by his "Founder's Precepts", written in the 17th century. Copper refining made the company famous. Riemon Soga, Masatomo Sumitomo's brother-in-law, learned Western world, Western methods of copper refining. In 1590, he established a smelting business, ''Izumiya'', literally meaning "Spring_(hydrology), spring shop". Riemon perfected techniques that allowed the extraction of silver from copper ore, something Ja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanwa Group
The was a leading Japanese keiretsu, based in Osaka, between World War II and the Japanese asset price bubble in the early 1990s. It remains in existence as a jointly held company called . Sanwa Bank was a major financier for the textile industry in the 1950s. After arranging an affiliation between Ube Industries and Nippon Rayon in 1954, Sanwa began promoting industrial transactions between its major customers, formalizing the process in the early 1960s through the establishment of special promotion units. In 1968, Sanwa arranged the merger of the Nissho and Iwai trading companies to form Nissho Iwai (now Sojitz), creating a large general trading company to cater to its customers. The three largest members of the group ( Hitachi Shipbuilding, Ube Industries and Teijin) had relatively independent positions with no cross-shareholdings. The development of this group paralleled the development of the Fuyo Group and DKB Group around alliances between major banks and trading compani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitsubishi
The is a group of autonomous Japanese multinational companies in a variety of industries. Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group traces its origins to the Mitsubishi zaibatsu, a unified company that existed from 1870 to 1946. The company, along with other major zaibatsu, was disbanded during the occupation of Japan following World War II by the order of the Allies. Despite the dissolution, the former constituent companies continue to share the Mitsubishi brand and trademark. While the group of companies engages in limited business cooperation, most notably through monthly "Friday Conference" executive meetings, they remain formally independent and are not under common control. The three main entities ('' gosanke'') are Mitsubishi UFJ Financial Group (the largest bank in Japan), Mitsubishi Corporation (a general trading company), and Mitsubishi Heavy Industries (a diversified manufacturing company). A 2020 estimate concluded that all the Mitsubishi compani ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zaibatsu
is a Japanese language, Japanese term referring to industrial and financial vertical integration, vertically integrated business conglomerate (company), conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Economy of Japan, Japanese economy from the Meiji period to World War II. A zaibatsu's 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 beginning in 1868, they especially increased in number and importance following the Russo-Japanese War, World War I, and Japan's subsequent attempt to conquer East Asia and the Pacific Rim during the interwar period and World War II. After World War II, they were dissolved by the Occupation of Japan, Allied occupation forces and succeeded by the ''keiretsu'' (groups of banks, manufacturers, suppliers, and distributors). Equ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Group
A corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concept of a group is frequently used in tax law and accounting and (less frequently) company law to attribute the rights and duties of one member of the group to another or the whole. If the corporations are engaged in entirely different businesses, the group is called a conglomerate. The forming of corporate groups usually involves consolidation via mergers and acquisitions, although the group concept focuses on the instances in which the merged and acquired corporate entities remain in existence rather than the instances in which they are dissolved by the parent. The group may be owned by a holding company which may have no actual operations. Black Bear Development, conceptualized by p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Commander Of The Allied Powers
The Supreme Commander for the Allied Powers (), or SCAP, was the title held by General Douglas MacArthur during the United States-led Allied occupation of Japan following World War II. It issued SCAP Directives (alias SCAPIN, SCAP Index Number) to the Japanese government, aiming to suppress its "militaristic nationalism". The position was created at the start of the occupation of Japan on August 14, 1945. It was originally styled the Supreme Commander of the Allied Powers. In Japan, the position was generally referred to as GHQ (General Headquarters), as SCAP also referred to the offices of the occupation (which was officially referred by SCAP itself as ), including a staff of several hundred US civil servants as well as military personnel. Some of these personnel effectively wrote a first draft of the Japanese Constitution, which the National Diet then ratified after a few amendments. Australian, British Empire, and New Zealand forces under SCAP were organized into a sub-comman ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Surrender Of Japan
The surrender of the Empire of Japan in World War II was Hirohito surrender broadcast, announced by Emperor Hirohito on 15 August and formally Japanese Instrument of Surrender, signed on 2 September 1945, End of World War II in Asia, ending the war. By the end of July 1945, the Imperial Japanese Navy (IJN) was incapable of conducting major operations and an Operation Downfall, Allied invasion of Japan was imminent. Together with the United Kingdom and Republic of China (1912–49), China, the United States called for the unconditional surrender of Japan in the Potsdam Declaration on 26 July 1945—the alternative being "prompt and utter destruction". While publicly stating their intent to fight on to the bitter end, Japan's leaders (the Supreme War Council (Japan), Supreme Council for the Direction of the War, also known as the "Big Six") were privately making entreaties to the publicly neutral Soviet Union to mediate peace on terms more favorable to the Japanese. While mainta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
