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Marunouchi headquarters for the Mitsubishi zaibatsu, 1909. 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.
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 zaibatsu had been at the heart of economic and industrial activity within the Empire of Japan since Japanese industrialization accelerated during the Meiji era. [3]
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.
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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]
The word originates from the Sino-Japanese term zaibatsu (財閥), where 財 means 'wealth' and 閥 means 'clan'. [9] The Japanese zaibatsu dominated their economy from 1868 until they were dissolved under the American Occupation of Japan in 1945. The rise and proliferation of the Korean chaebol resembles the Japanese zaibatsu at their peak.
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