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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.
Because the Asano zaibatsu had no bank of its own it relied on Shibusawa and Yasuda zaibatsu capital, but it was still "the fifth-largest" zaibatsu in Japan. [2] It had 64 affiliated companies in 1940 [3] and 94 in 1943. [4] It almost monopolized the cement industry in Japan. [5] "Often these companies are controlled through only a minority of ...
Zaibatsu were the 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 until the end of World War II.
The Japanese civil service employs over three million employees, with the Japan Self-Defense Forces, with 247,000 personnel, being the biggest branch.In the post-war period, this figure has been even higher, but the privatization of a large number of public corporations since the 1980s, including NTT, Japanese National Railways, and Japan Post, already reduced the number.
The Sumitomo Group (Japanese: 住友グループ, Hepburn: Sumitomo Gurūpu) 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 ...
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.
In Japan, a nation reputed for loyalty to companies and lifetime employment, people who job-hop are often viewed as quitters. “Imagine a messy divorce,” says Yoshihito Hasegawa, who heads ...
During World War II, the Japanese government began forcing consolidation of major financial institutions. In January 1942, Hajime Yasuda, the head of the conglomerate, announced that all Yasuda family members would withdraw from related and subsidiary companies, assuming new leadership positions as board members over all zaibatsu concerns.