The Rise and Fall of The 'Keiretsus' in Japan |
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Introduction Contd...
Rise of the 'Keiretsu'After the Meiji Restoration of 1868,5 large business groups like the Mitsubishi shipping conglomerate, Mitsui trading company and Yasuda banking complex emerged in Japan.
According to published reports, in the 1930s, the four leading Zaibatsus: Mitsubishi, Mitsui, Sumitomo, and Yasuda, controlled one third of all bank deposits, one third of all foreign trade, one-half of shipbuilding and maritime shipping, and most of the heavy industries in Japan.7 After the World War II, the Allied Forces8 occupied Japan and dismantled the Zaibatsus... 5] The Meiji
restoration refers to the restoration of imperial rule in Japan after the
Tokugawa shogunate was toppled in 1868. |
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