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Marunouchi headquarters for the Mitsubishi zaibatsu, 1920. Zaibatsu (財閥, lit. ' asset clique ') 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 to World War II.
Zaibatsu — Japanese conglomerate companies of the Empire of Japan. All zaibatsu were disestablished the end of WW II in 1945. Some were reformed as keiretsu and/or present day conglomerate companies.
Following Japan's defeat in August 1945, Hajime Yasuda and Yasuda executives assumed a leadership role in planning for the dissolution of their own group. The "Yasuda plan" was submitted in October 1945 and stipulated that the Yasuda zaibatsu would be dissolved and that Yasuda Bank would cease to control Yasuda subsidiaries.
During the 1990s, Yasuda Trust & Banking expanded to become the 23rd-largest banking organization in Japan with ca. US$61 billion total assets, [3] but had to cope with mounting bad loans. [4] On 28 January 1999, its financial condition became unsustainable and it was announced that it would be absorbed into Fuji Bank. [ 5 ]
It was the main bank of the Yasuda zaibatsu until World War II, and afterwards of the Fuyo Group. The Fuji Bank 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.
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The 'Today with Hoda and Jenna' co-host and the financier spent eight years together — three engaged — before announcing their split in 2022
Fuyo Group (芙蓉グループ, Fuyō Gurūpu) is a Japanese keiretsu descended from the Yasuda zaibatsu, Asano zaibatsu and Okura zaibatsu. [1] 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. [2]